Seagate Technology Holdings plc (NASDAQ:STX) has a beta value of 1.03 and has seen 3.79 million shares traded in the last trading session. The company, currently valued at $12.60B, closed the last trade at $62.23 per share which meant it lost -$1.0 on the day or -1.58% during that session. The STX stock price is -88.06% off its 52-week high price of $117.03 and 23.72% above the 52-week low of $47.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.5 million shares traded. The 3-month trading volume is 2.65 million shares.
The consensus among analysts is that Seagate Technology Holdings plc (STX) is an Overweight stock at the moment, with a recommendation rating of 2.60. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 14 out of 24 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.25.
Seagate Technology Holdings plc (NASDAQ:STX) trade information
Sporting -1.58% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the STX stock price touched $62.23 or saw a rise of 4.13%. Year-to-date, Seagate Technology Holdings plc shares have moved 18.29%, while the 5-day performance has seen it change 9.21%. Over the past 30 days, the shares of Seagate Technology Holdings plc (NASDAQ:STX) have changed 23.87%. Short interest in the company has seen 11.39 million shares shorted with days to cover at 4.18.
Wall Street analysts have a consensus price target for the stock at $59.83, which means that the shares’ value could drop -4.01% from current levels. The projected low price target is $35.00 while the price target rests at a high of $70.00. In that case, then, we find that the current price level is -12.49% off the targeted high while a plunge would see the stock lose 43.76% from current levels.
Seagate Technology Holdings plc (STX) estimates and forecasts
Figures show that Seagate Technology Holdings plc shares have underperformed across the wider relevant industry. The company’s shares have lost -18.67% over the past 6 months, with this year growth rate of -79.46%, compared to 12.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -89.60% and -74.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be -31.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of $1.86 billion for the current quarter. 7 have an estimated revenue figure of $1.91 billion for the next quarter concluding in Mar 2023.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.30% over the past 5 years. Earnings growth for 2023 is a modest 37.30% while over the next 5 years, the company’s earnings are expected to decrease by -9.01%.
Seagate Technology Holdings plc is expected to release its next earnings report between January 24 and January 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.80 at a share yield of 4.50%. The company’s dividend yield has gone up over the past 12 months.
Seagate Technology Holdings plc (NASDAQ:STX)’s Major holders
Insiders own 0.56% of the company shares, while shares held by institutions stand at 87.17% with a share float percentage of 87.65%. Investors are also buoyed by the number of investors in a company, with Seagate Technology Holdings plc having a total of 1,022 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 24.65 million shares worth more than $1.76 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 11.92% of shares outstanding.
The other major institutional holder is JP Morgan Chase & Company, with the holding of over 14.36 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.03 billion and represent 6.94% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.91% shares in the company for having 6.01 million shares of worth $429.63 million while later fund manager owns 4.7 million shares of worth $335.68 million as of Jun 29, 2022, which makes it owner of about 2.27% of company’s outstanding stock.