In last trading session, STMicroelectronics N.V. (NYSE:STM) saw 2,071,725 shares changing hands with its beta currently measuring 1.48. Company’s recent per share price level of $33.96 trading at -$0.61 or -1.76% at ring of the bell on the day assigns it a market valuation of $30.52 Billion. That closing price of STM’s stock is at a discount of -4.06% from its 52-week high price of $35.34 and is indicating a premium of 56.8% from its 52-week low price of $14.67. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.75 Million shares which gives us an average trading volume of 2.6 Million if we extend that period to 3-months.
For STMicroelectronics N.V. (STM), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 26 analysts covering the stock, 1 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 17 see the stock as a Buy. None analyst(s) advised it as an Underweight.
STMicroelectronics N.V. (NYSE:STM) trade information
In the face of being in the red today for losing -1.76%, in the last five days STM remained trading in the green while hitting it’s week-highest on Monday, Oct 12 when the stock touched $35.34- price level, adding 3.76% to its value on the day. STMicroelectronics N.V.’s shares saw a change of 26.38% in year-to-date performance and have moved 1.43% in past 5-day. STMicroelectronics N.V. (NYSE:STM) showed a performance of 8.31% in past 30-days. Number of shares sold short was 5.37 Million shares which calculate 2.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $37.42 to the stock, which implies a rise of 10.19% to its current value. Analysts have been projecting $28 as a low price target for the stock while placing it at a high target of $42.29. It follows that stock’s current price would jump +24.53% in reaching the projected high whereas dropping to the targeted low would mean a loss of -17.55% for stock’s current value.
STMicroelectronics N.V. (STM) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 51.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -18.5% while estimates for its earnings growth in next 5 years are of 49%
STMicroelectronics N.V. is more likely to be releasing its next quarterly report between November 28 and November 29, 2016, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.49%, the share has a forward dividend of 0.17 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.25%.