Wedbush raised the price target for the Seagate Technology Holdings Plc (NASDAQ:STX) stock from “a Neutral” to “an Outperform”. The rating was released on May 01, 2024, according to finviz. We previously noted in another research note published on March 26, 2024 by Morgan Stanley that upgraded the stock from an Equal-weight to an Overweight with a price target of $115 for STX stock. The research report from Evercore ISI has initiated the stock to Outperform, with a price target set at $110. The stock was reiterated by TD Cowen, who disclosed in a research note on January 25, 2024, to Outperform and set the price objective to $110. In their research brief published January 23, 2024, Cantor Fitzgerald analysts initiated the Seagate Technology Holdings Plc stock to Neutral with a price target of $90.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.94% within the last five trades and 0.58% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 26.60% in the last 6 months and 3.79% was added to its value over the previous 3 months. STX stock is trading at a margin of 4.55%, 1.03% and 15.25% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, STX deals in the Technology domain. The stock is trading -11.07 percent below its 52-week high and 63.40 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 52.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Seagate Technology Holdings Plc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 1.88 percent and the profit margin is -4.31 percent, and the company has reported a gross margin of 19.36 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $18.91 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.96. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.02 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.55 percent of Seagate Technology Holdings Plc shares are owned by insiders, and 95.66 percent are held by financial institutions. Morris John Christopher, the SVP, HDD & SDD Products & CTO at Seagate Technology Holdings Plc (STX) has sold 11,158 shares of firm on May 07 ’24 at a price of $90.00 against the total amount of $1.0 million. In another inside trade, MOSLEY WILLIAM D, Chief Executive Officer of Seagate Technology Holdings Plc (NASDAQ:STX) sold 1,000 shares of the firm on Mar 09 ’24 for a total worth of $92690.0 at a price of $92.69. An inside trade which took place on Mar 09 ’24, EVP & CFO of Seagate Technology Holdings Plc Romano Gianluca sold 485 shares of firm against total price of $44955.0 at the cost of $92.69 per share.
