STX Stock Summary and Trading Ideas (Seagate Tech Hldgs | NASDAQ:STX)

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Seagate Tech Hldgs trades on the NASDAQ stock market under the symbol STX.

As of February 5, 2025, STX stock price climbed to $95.43 with 2,232,920 million shares trading.

STX has a beta of 1.94, meaning it tends to be more sensitive to market movements. STX has a correlation of 0.45 to the broad based SPY ETF.

STX has a market cap of $20.19 billion. This is considered a Large Cap stock.

Last quarter Seagate Tech Hldgs reported $2 billion in Revenue and $2.03 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.15.

In the last 3 years, STX traded as high as $115.32 and as low as $47.47.

The top ETF exchange traded funds that STX belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

STX has underperformed the market in the last year with a price return of +12.3% while the SPY ETF gained +23.7%. STX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.7% and -5.7%, respectively, while the SPY returned +6.4% and +0.2%, respectively.

STX support price is $92.51 and resistance is $96.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STX shares will trade within this expected range on the day.