Seagate Technology. (NASDAQ:STX) Projected EPS At $0.85 For Next Quarter


Seagate Technology. (NASDAQ:STX) has a mean price target of $32.74 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.85 a share for the very next quarter and $2.98 for this year.

Technical View

The technical study of Seagate Technology PLC demonstrates that the 50-day moving average of Seagate Technology. (NASDAQ:STX) stock is $32.80, and is trading $3.07 points away or +9.35% from 50-day moving average of $32.80. It is trading $7.31 or +25.61% away 200-day moving average of $28.56.

The 52-week high of Seagate Technology. (NASDAQ:STX) was $49.52 while $18.42 is the low mark in the same period. It state Seagate Technology PLC share price has to surge more than $-13.65 to hit 52-week high or drop +94.73% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of Seagate Technology PLC, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Seagate Technology. (NASDAQ:STX) ratio came in at 43.74, after dividing current equity price by yearly earnings. Seagate Technology PLC stock recorded a close of $35.87 in last trading session, registering a market cap of $10.71B.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Seagate Technology. (NASDAQ:STX) PEG ratio is at -1.11.

1 Chart Pattern Every Investor Should Know

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