In the latest trading session, 1.13 million ST Microelectronics (NYSE:STM) shares changed hands as the company’s beta touched 1.57. With the company’s most recent per share price at $28.05 changing hands around $0.37 or 1.32% at last look, the market valuation stands at $25.09B. STM’s current price is a discount, trading about -82.78% off its 52-week high of $51.27. The share price had its 52-week low at $26.62, which suggests the last value was 5.1% up since then. When we look at ST Microelectronics’s average trading volume, we note the 10-day average is 3.91 million shares, with the 3-month average coming to 4.75 million.
Analysts gave the ST Microelectronics (STM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.82. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended STM as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. ST Microelectronics’s EPS for the current quarter is expected to be 0.33.
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ST Microelectronics (NYSE:STM) trade information
Instantly STM is in green as seen in intraday trades today. With action 2.88%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -44.06%, with the 5-day performance at 2.88% in the green. However, in the 30-day time frame, ST Microelectronics (NYSE:STM) is -1.39% down. Looking at the short shares, we see there were 7.34 million shares sold at short interest cover period of 1.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 43.9, meaning bulls need an upside of 36.1% from its recent market value. According to analyst projections, STM’s forecast low is 35 with 65 as the target high. To hit the forecast high, the stock’s price needs a -131.73% plunge from its current level, while the stock would need to soar -24.78% for it to hit the projected low.
ST Microelectronics (STM) estimates and forecasts
Data shows that the ST Microelectronics share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -33.45% over the past 6 months, a -63.45% in annual growth rate that is considerably lower than the industry average of -22.30%. Year-over-year growth is forecast to reach -22.60% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 3.25B. 7 analysts are of the opinion that ST Microelectronics’s revenue for the current quarter will be 3.43B. The company’s revenue for the corresponding quarters a year ago was 4.43B and 4.28B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -26.70%. The estimates for the next quarter sales put growth at -20.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 25.53%. The 2024 estimates are for ST Microelectronics earnings to decrease by -63.51%, but the outlook for the next 5-year period is at 20.00% per year.
STM Dividends
ST Microelectronics is expected to release its next quarterly earnings report on 2024-Oct-31. The 1.07% annual yield figure for the share gives it an annual dividend of 0.30. It is important to note, however, that the 1.07% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.63 per year.
ST Microelectronics (NYSE:STM)’s Major holders
The share float percentage for the stock currently stands at 7.22%. There are 7.22% institutions holding the ST Microelectronics stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 0.7189% of the shares, roughly 6.48 million STM shares worth $254.39 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 0.6212% or 5.6 million shares worth $219.81 million as of 2024-06-30.
