While Seagate Technology Holdings Plc has underperformed by -1.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, STX rose by 60.43%, with highs and lows ranging from $113.57 to $62.43, whereas the simple moving average jumped by 8.95% in the last 200 days.
On July 24, 2024, TD Cowen Reiterated Seagate Technology Holdings Plc (NASDAQ: STX) to Buy. A report published by BofA Securities on June 05, 2024, Reiterated its previous ‘Buy’ rating for STX. Citigroup also rated STX shares as ‘Buy’, setting a target price of $110 on the company’s shares in an initiating report dated May 14, 2024. Morgan Stanley March 26, 2024d its ‘Equal-Weight’ rating to ‘Overweight’ for STX, as published in its report on March 26, 2024. Evercore ISI’s report from February 27, 2024 suggests a price prediction of $110 for STX shares, giving the stock a ‘Outperform’ rating. TD Cowen also rated the stock as ‘Outperform’.
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Analysis of Seagate Technology Holdings Plc (STX)
A return on investment can be expected regardless of STX’s performance over the next quarter with the dividend set at $2.80 per share. Further, the quarter-over-quarter increase in sales is 17.79%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Seagate Technology Holdings Plc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.68, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and STX is recording an average volume of 2.37M. On a monthly basis, the volatility of the stock is set at 2.72%, whereas on a weekly basis, it is put at 2.93%, with a loss of -0.19% over the past seven days. Furthermore, long-term investors anticipate a median target price of $118.44, showing growth from the present price of $100.62, which can serve as yet another indication of whether STX is worth investing in or should be passed over.
How Do You Analyze Seagate Technology Holdings Plc Shares?
A leading company in the Computer Hardware sector, Seagate Technology Holdings Plc (STX) is based in the USA. When comparing Seagate Technology Holdings Plc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 65.86, there is a growth in quarterly earnings of 636.90%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
STX shares are owned by institutional investors to the tune of 89.96% at present.