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 April 18, 2024, STX stock price declined to $83.44 with 1,672,814 million shares trading.

STX has a beta of 1.52, meaning it tends to be more sensitive to market movements. STX has a correlation of 0.24 to the broad based SPY ETF.

STX has a market cap of $17.48 billion. This is considered a Large Cap stock.

Last quarter Seagate Tech Hldgs reported $2 billion in Revenue and $.12 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.18.

In the last 3 years, STX stock traded as high as $117.67 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 outperformed the market in the last year with a return of +34.2%, while the SPY ETF gained +22.2%. However, in the most recent history, STX shares have underperformed the stock market with its stock returning +0.2% in the last 3 month period and -8.1% for the last 2 week period, while SPY has returned +5.2% and -2.6%, respectively.

STX support price is $82.20 and resistance is $86.20 (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 stock will trade within this expected range on the day.