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. Earlier, Yahoo Finance discussed this stock as it revealed Seagate Launches New E-commerce Website in the United States.
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Stocks Info
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 $19.19B. A total of 1.98 million shares were traded on the day, compared to an average of 2.31M 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 41 BUYs and 47 SELLs from insiders. Insiders purchased 523,594 shares during that period but sold 429,528.
In the most recent transaction, Romano Gianluca sold 5,611 shares of STX for 88.02 per share on Feb 22. After the transaction, the EVP & CFO now owns 72,404 company shares. In a previous transaction on Feb 07, Geldmacher Jay L sold 4,500 shares at 87.00 per share. STX shares that Director owns now total 2,681.
Among the insiders who sold shares, Teh Ban Seng disposed of 10,000 shares on Dec 13 at a per-share price of $85.00. This resulted in the EVP & Chief Commercial Officer holding 24,289 shares of STX after the transaction. In another insider transaction, MOSLEY WILLIAM D sold 1,396 shares at $80.59 per share on Dec 09. Company shares held by the Chief Executive Officer now total 670,378.
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 3/20/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 4/4/2024. Previously, the company paid the dividend on 1/9/2024 with an ex-dividend date of 12/20/2023. 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 $92.00 with high estimates of $115.00 and low estimates of $50.00. In terms of 52-week highs and lows, STX has a high of $93.00 and a low of $54.32.
As of this writing, STX has an earnings estimate of $0.27 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.16. The company reported an EPS of -$0.22 in the last quarter, which was -4.80% 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 $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 -$8.66, 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 3.56.
