Stock To Watch: Seagate Technology. (NASDAQ:STX)


The leading market experts have placed a mean price target of $31.53 on Seagate Technology. (NASDAQ:STX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.85 a share for the upcoming quarter and $2.95 for the current fiscal. Technical View The technical analysis of Seagate Technology PLC plainly substantiates that the 50-day moving average of Seagate Technology PLC is $27.56, and stock is hovering 4.57 or +16.56% distant from $27.56. It is noted that the 200-day MA is $27.98, and Seagate Technology PLC stock is $4.15 or +14.84% off from this point. Seagate Technology. (NASDAQ:STX) 52-week high is $52.59 and the 52-week low is $18.42. This explains if the stock moves $-20.46, it will post a 52-week high. In event of $+74.43% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Seagate Technology PLC, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Seagate Technology. (NASDAQ:STX) ratio came in at 39.18. The stock last ended the trading session at $32.13 and registered a market cap of $9.61B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Seagate Technology. (NASDAQ:STX) PEG ratio is at -1.07.

1 Chart Pattern Every Investor Should Know

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