Seagate Technology Holdings Plc (STX) average volume reaches $2.86M: Are the Stars Lining Up for Investors?

Seagate Technology Holdings Plc (NASDAQ: STX) started the day on Thursday, with a price increase of 0.90% at $88.78, before settling in for the price of $87.99 at the close. Taking a more long-term approach, STX posted a 52-week range of $54.32-$101.26.

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It was noted that the giant of the Technology sector posted annual sales growth of -6.36% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is 303.89%. This publicly-traded company’s shares outstanding now amounts to $209.51 million, simultaneously with a float of $208.35 million. The organization now has a market capitalization sitting at $18.60 billion. At the time of writing, stock’s 50-day Moving Average stood at $89.63, while the 200-day Moving Average is $75.90.

Seagate Technology Holdings Plc (STX) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Computer Hardware Industry. Seagate Technology Holdings Plc’s current insider ownership accounts for 0.55%, in contrast to 95.83% institutional ownership. According to the most recent insider trade that took place on Mar 09 ’24, this organization’s Chief Executive Officer sold 1,000 shares at the rate of 92.69, making the entire transaction reach 92,690 in total value, affecting insider ownership by 672,192. Preceding that transaction, on Mar 09 ’24, Company’s EVP & CFO sold 485 for 92.69, making the whole transaction’s value amount to 44,955. This particular insider is now the holder of 72,877 in total.

Seagate Technology Holdings Plc (STX) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported $0.12 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.06) by $0.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.

Seagate Technology Holdings Plc’s EPS increase for this current 12-month fiscal period is 303.89% and is forecasted to reach 5.02 in the upcoming year.

Seagate Technology Holdings Plc (NASDAQ: STX) Trading Performance Indicators

Let’s observe the current performance indicators for Seagate Technology Holdings Plc (STX). It’s Quick Ratio in the last reported quarter now stands at 0.62. The Stock has managed to achieve an average true range (ATR) of 2.92. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.87. Similarly, its price to free cash flow for trailing twelve months is now 37.35.

In the same vein, STX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.51, a figure that is expected to reach 0.29 in the next quarter, and analysts are predicting that it will be 5.02 at the market close of one year from today.

Technical Analysis of Seagate Technology Holdings Plc (STX)

If we take a close look at the recent performances of Seagate Technology Holdings Plc (NASDAQ: STX), its last 5-days Average volume was 2.64 million that shows plunge from its year to date volume of 2.75 million. During the previous 9 days, stock’s Stochastic %D was recorded 23.52% While, its Average True Range was 2.90.

Raw Stochastic average of Seagate Technology Holdings Plc (STX) in the period of the previous 100 days is set at 53.66%, which indicates a major rise in contrast to 21.08% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 35.05% that was higher than 28.68% volatility it exhibited in the past 100-days period.