ST Microelectronics (NYSE: STM): A Stock Worth Watching

ST Microelectronics (NYSE:STM) shares, rose in value on Thursday, October 10, with the stock price down by -0.57% to the previous day’s close as strong demand from buyers drove the stock to $28.00.

Actively observing the price movement in the recent trading, the stock is buoying the session at $28.16, falling within a range of $27.79 and $28.03. The value of beta (5-year monthly) is 1.264 whereas the PE ratio is 8.71 over 12-month period. Referring to stock’s 52-week performance, its high was $51.27, and the low was $27.44. On the whole, STM has fluctuated by -1.16% over the past month.

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With the market capitalization of ST Microelectronics currently standing at about $25.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 1.07%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.39B, with a low estimate of 3.22B and a high estimate of 3.25B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.25B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.44, with the price of STM currently trading nearly -1.80% and -4.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.44, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 2.08%. Furthermore, ST Microelectronics (STM)’s beta value is 1.57, and its average true range (ATR) is 0.81.

A comparison of ST Microelectronics (STM) with its peers suggests the former has fared considerably weaker in the market. STM showed an intraday change of -0.57% in today’s session so far, and over the past year, it shrunk by -37.75%%.

Data on historical trading for ST Microelectronics (NYSE:STM) indicates that the trading volumes over the past 10 days have averaged 4.37 and over the past 3 months, they’ve averaged 4.72 million. According to company’s latest data on outstanding shares, there are 902.77 million shares outstanding.

Nearly 0.00% of ST Microelectronics’s shares belong to company insiders and institutional investors own 7.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.34 million shares as on 2024-09-30, resulting in a short ratio of 1.4. According to the data, the short interest in ST Microelectronics (STM) stood at 113.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 7.22 million. The stock has fallen by -44.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STM stock heading into the next quarter.

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