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Friday, September 29, 2023

There’s No Need To Panic Or Freeze When It Comes To Seagate Technology Holdings plc (NASDAQ: STX)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Seagate Technology Holdings plc (STX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -0.13%, to $70.80. The Seagate Technology Holdings plc has recorded 27,274 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Seagate to Participate in Upcoming Investor Event.

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Stocks Info

The company is listed on the NASDAQ and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $70.89 and fluctuated between $74.04 as its day high and $69.50 as its day low. The current market capitalization of Seagate Technology Holdings plc is $14.12B. A total of 5.13 million shares were traded on the day, compared to an average of 2.25M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, STX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 50 SELLs from insiders. Insiders purchased 394,438 shares during that period but sold 231,644.

In the most recent transaction, MOSLEY WILLIAM D sold 98,860 shares of STX for 72.97 per share on Sep 01. After the transaction, the Chief Executive Officer now owns 616,309 company shares. In a previous transaction on Aug 31, MOSLEY WILLIAM D sold 200,000 shares at 70.28 per share. STX shares that Chief Executive Officer owns now total 616,309.

Among the insiders who sold shares, SCHUELKE KATHERINE disposed of 3,487 shares on May 26 at a per-share price of $62.09. This resulted in the SVP, CLO & Corporate Secretary holding 28,658 shares of STX after the transaction. In another insider transaction, Nygaard Jeffrey D. sold 36,809 shares at $69.14 per share on Feb 01. Company shares held by the EVP, Operations and Technology now total 30,360.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. STX’s most recent ex-dividend date was 9/25/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 10/10/2023. Previously, the company paid the dividend on 7/5/2023 with an ex-dividend date of 6/20/2023. The STX stock dividend was $0.70 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for STX in the last 3 months, the mean price target is $63.47 with high estimates of $80.00 and low estimates of $40.00. In terms of 52-week highs and lows, STX has a high of $74.51 and a low of $47.47.

As of this writing, STX has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.25. The company reported an EPS of -$0.28 in the last quarter, which was -233.30% lower than expectations of $0.21.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. STX’s latest balance sheet shows that the firm has $615.00M in Cash & Short Term Investments as of fiscal 2022. There were $5.65B in debt and $3.56B in liabilities at the time. Its Book Value Per Share was -$5.79, while its Total Shareholder’s Equity was $109.00M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STX is Buy with a score of 3.59.

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