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Seagate Technology Holdings plc (STX): The stock short term indicators are indicating Buy today

How have the shares performed?

Seagate Technology Holdings plc (STX) saw downtrend of -0.76% in the recent trading with $93.94 being its most recent. The current price level -11.56% lower than the highest price of $106.22 marked by the stock while trading over the past 52-weeks, whereas it is 115.81% higher than the lowest price of $43.53 the company dropped to over past 52-weeks. The latest news story on STX appeared in Motley Fool under the title “3 Cheap Tech Stocks to Buy Right Now” on Jun-13-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -11.56% below one month high and is +2.47% above of the lowest during that time. Looking into the simple moving average, Seagate Technology Holdings plc (STX)’s stock stands at a SMA-50 of $91.26 while that of 5-day is reading $96.43.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and STX’s SMA-200 as of now is $68.31.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 26 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.40 for the stock.

Seagate Technology Holdings plc Earnings – What Happened With STX

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Seagate Technology Holdings plc (STX) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 12.10% for net revenue. During the reported three-month period, company’s sales were $2.73 billion while analysts on average were estimating the same to be $2.87 billion.

STX – Seagate Technology Holdings plc Stock Earnings Estimates

The perspective of Seagate Technology Holdings plc (NASDAQ:STX)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.32 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 1.48.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 233.00 million. STX does have institutional investors; and they hold 91.50% of the stock.

Seagate Technology Holdings plc – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 6 new insider purchases involving 218,119 shares. On the other hand, STX declared 15,101,227 shares have been sold in 60 insider transactions over the past three months.

Currently, the stock has been recommended as Moderate Buy by 26 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.40 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Seagate Technology Holdings plc was 1.51 while posting a debt to equity ratio of 10.62. The count was 235.31 for long-term debt to equity ratio.

Seagate Technology Holdings plc’s return on equity, or ROE, is 78.60%, compared to the industry average of 5.82% for Technology – Computer Hardware. Although this indicates that STX uses its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of Seagate Technology Holdings plc (NASDAQ:STX) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Seagate Technology Holdings plc (STX), we notice that the stock’s 20-day average volume is at 2,637,455 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 3,441,218 shares. And to end, STX’s 100-day average volume is 3,546,750 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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