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Seagate Technology Holdings plc (STX): The stock medium term indicators say Sell today

Seagate Technology Holdings plc (STX) saw downtrend of -1.51% in the recent trading with $71.60 being its most recent. The current price level -39.15% lower than the highest price of $117.67 marked by the stock while trading over the past 52-weeks, whereas it is 2.13% higher than the lowest price of $70.11 the company dropped to over past 52-weeks. The latest news story on STX appeared in Barrons.com under the title “4 Tech Stocks Exposed to Cloud-Computing Spending, Morgan Stanley Says” on Jun-14-22.

Squeezing the time span to 30 day period shows us the stock is currently trading -18.87% below one month high and is +2.13% 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 $81.52 while that of 5-day is reading $72.81.

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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 $93.43.

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. During the reported three-month period, company’s sales were $2.8 billion.

STX – Seagate Technology Holdings plc Stock Earnings Estimates

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 218.00 million. STX does have institutional investors; and they hold 82.90% of the stock.

Seagate Technology Holdings plc – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 1 new insider purchases involving 1,007 shares. On the other hand, STX declared 2,132,808 shares have been sold in 13 insider transactions over the past three months.

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 1.29 while posting a debt to equity ratio of 13.41. The count was 781.77 for long-term debt to equity ratio.

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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 1,994,800 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 1,988,128 shares. And to end, STX’s 100-day average volume is 1,974,059 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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