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. Recently, Yahoo Finance discussed the stock, revealing that Seagate’s Breakthrough 30TB+ Hard Drives Ramp Volume, Marking an Inflection Point in the Storage Industry.
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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 $87.10 and fluctuated between $88.39 as its day high and $85.89 as its day low. The current market capitalization of Seagate Technology Holdings Plc is $18.22B. A total of 4.16 million shares were traded on the day, compared to an average of 2.27M 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 4 SELL insider trades, representing the acquisition of 0 and the disposition of 21,982 shares. Over the last 12 months, there were 43 BUYs and 54 SELLs from insiders. Insiders purchased 560,403 shares during that period but sold 468,636.
In the most recent transaction, Teh Ban Seng sold 10,000 shares of STX for 85.00 per share on Dec 13. After the transaction, the EVP & Chief Commercial Officer now owns 24,289 company shares. In a previous transaction on Dec 09, MOSLEY WILLIAM D sold 1,396 shares at 80.59 per share. STX shares that Chief Executive Officer owns now total 670,378.
Among the insiders who sold shares, Romano Gianluca disposed of 475 shares on Dec 09 at a per-share price of $80.59. This resulted in the EVP & CFO holding 63,874 shares of STX after the transaction. In another insider transaction, SCHUELKE KATHERINE sold 248 shares at $80.59 per share on Dec 09. Company shares held by the SVP, CLO & Corporate Secretary now total 29,063.
Dividend
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. In terms of 52-week highs and lows, STX has a high of $87.93 and a low of $54.32.
As of this writing, STX has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.16. The company reported an EPS of -$0.18 in the last quarter, which was 28.00% higher than expectations of -$0.25.
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 $617.00M in Cash & Short Term Investments as of fiscal 2022. There were $5.70B 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.
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 3.47.
