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 same, with the stock’s consolidated last price to $72.42. The Seagate Technology Holdings Plc has recorded 61,813 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Seagate Technology Reports Fiscal First Quarter 2024 Financial Results.
The company is listed on the NASDAQ and operates within the Computer Hardware industry segment. The current market capitalization of Seagate Technology Holdings Plc is $15.15B. A total of 1.96 million shares were traded on the day, compared to an average of 2.80M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, STX has seen 30 BUY and 30 SELL insider trades, representing the acquisition of 480,901 and the disposition of 387,660 shares. Over the last 12 months, there were 32 BUYs and 39 SELLs from insiders. Insiders purchased 517,710 shares during that period but sold 431,275.
In the most recent transaction, Romano Gianluca sold 16,982 shares of STX for 73.34 per share on Nov 03. After the transaction, the EVP & CFO now owns 63,391 company shares. In a previous transaction on Oct 23, ZANDER EDWARD J sold 1,370 shares at 65.25 per share. STX shares that Director owns now total 0.
Among the insiders who sold shares, SCHUELKE KATHERINE disposed of 2,346 shares on Sep 18 at a per-share price of $64.39. This resulted in the SVP, CLO & Corporate Secretary holding 28,812 shares of STX after the transaction. In another insider transaction, SCHUELKE KATHERINE sold 7,832 shares at $63.10 per share on Sep 13. Company shares held by the SVP, CLO & Corporate Secretary now total 28,812.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. STX’s most recent ex-dividend date was 12/20/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 1/9/2024. Previously, the company paid the dividend on 10/10/2023 with an ex-dividend date of 9/25/2023. 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 $68.94 with high estimates of $85.00 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 $48.94.
As of this writing, STX has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.36. 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 -$8.14, while its Total Shareholder’s Equity was $109.00M.
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 3.67.