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


The leading market experts have placed a mean price target of $23.91 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 $0.37 a share for the upcoming quarter and $1.70 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 $21.89, and stock is hovering 1.27 or +5.82% distant from $21.89. It is noted that the 200-day MA is $29.21, and Seagate Technology PLC stock is $-6.05 or -20.71% off from this point. Seagate Technology. (NASDAQ:STX) 52-week high is $52.88 and the 52-week low is $18.42. This explains if the stock moves $-29.72, it will post a 52-week high. In event of $+25.73% 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 22.75. The stock last ended the trading session at $23.16 and registered a market cap of $6.91B. 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 -2.26.

1 Chart Pattern Every Investor Should Know

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