Seagate Technology Holdings Plc (NASDAQ:STX) traded at $84.90 at last check on Wednesday, May 01, made a downward move of -1.18% on its previous day’s price.
Looking at the stock we see that its previous close was $85.91. In terms of its 52-week price range, STX has a high of $101.26 and a low of $54.47. The company’s stock has lost about -5.91% over that past 30 days.
Seagate Technology Holdings Plc has a market cap of $17.83 billion. With its Forward Dividend at 2.80 and a yield of 3.30%, the company’s investors could be anxious for the STX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.72, with the EPS growth for the year raised at $0.96 for 2024 and $5.67 for next year. These figures represent 405.30% and 490.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.86 billion, with a low of $1.82 billion and a high of $1.93 billion. The median projection represents growth squeezing down to 16.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $6.52 billion, or -11.60% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the STX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -2.12% off its SMA20 and -4.69% from its 50-day simple moving average. The RSI (14) is pointing at 42.36 while the volatility over the past week is 3.99% and jumps to 3.15% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 2.86.
Coming back to Seagate Technology Holdings Plc (NASDAQ:STX), we note that the average 3-month trading volume was 2.90 million. Current shares outstanding are 209.99 million.
The insiders hold 0.55% of the company’s shares while institutions hold 95.53%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -0.55% down in year-to-date price movement.
