AI Trading NASDAQ Tue, 05 Dec

Dear Reader,

Today’s featured asset is Seagate Technology PLC (STX). An AI trading strategy applied between 2021-06-08 and 2023-02-17 could have yielded a return of 179.26%. On average, each position taken made a 35.85% return over a period of 77 days. The model predicts a strong buy for STX with a buy price target of 75.59 and an overall accuracy of 0.75 in predicting an upward trend. The current analyst consensus price target is 67.47.

Seagate Technology PLC (Symbol: STX) is an American data storage company headquartered in Dublin, Ireland. It is listed on the NASDAQ exchange in the technology sector and is a public limited company. The company’s current stock price, as of 2023-12-04, is 75.59 USD.

Company Overview

Seagate Technology Holdings plc is a leading provider of data storage solutions, including hard disk drives, solid state drives, and software-defined storage solutions. The company offers products to customers in the enterprise, personal computing, and consumer electronics markets. Seagate also provides cloud storage services and software solutions. The company has more than 40,000 employees and operates in more than 20 countries.

Markets

Seagate’s products and services are used in a variety of markets, including enterprise, personal computing, and consumer electronics. The company also provides cloud storage solutions and software solutions, which are used in the enterprise, healthcare, financial services, and other industries.

Historic Company Performance

Seagate’s historic company performance has been strong. The company’s revenue for the trailing twelve months (TTM) as of 2022-10-31 was 9.35 billion USD, with a gross profit of 3.47 billion USD. Seagate’s profit margin and operating margin for the TTM period were 6.61% and 8.84%, respectively. The company also had a return on assets of 5.99% and a return on equity of 22.1%.

Share Price Performance

Seagate’s current share price, as of 2023-12-04, is 75.59 USD. The company’s 52-week high was 107.95 USD, and its 52-week low was 46.82 USD. The company’s 50-day moving average is 58.68 USD, and its 200-day moving average is 66.60 USD. Seagate’s price-to-book ratio is 101.31, and its price-to-sales ratio is 1.02. The company’s beta is 1.09, which indicates that the stock is more volatile than the market as a whole. Seagate’s dividend per share is 2.8 USD, and its dividend yield is 0.0393%. Analysts have set a target price of 67.47 USD for Seagate’s stock.

Symbol: STX
AssetType: Common Stock
Name: Seagate Technology PLC
Description: Seagate Technology Holdings plc, an Irish public limited company (commonly referred to as Seagate) is an American data storage company.
CIK: 1137789
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: TECHNOLOGY
Industry: COMPUTER STORAGE DEVICES
Address: 38/39 FITZWILLIAM SQUARE, DUBLIN 2, IE
FiscalYearEnd: July
LatestQuarter: 2022-10-31
MarketCapitalization: 14732633000
EBITDA: 1349000000
PERatio: 25.12
PEGRatio: 32.54
BookValue: -2.276
DividendPerShare: 2.8
DividendYield: 0.0393
EPS: 2.84
RevenuePerShareTTM: 44.22
ProfitMargin: 0.0661
OperatingMarginTTM: 0.0884
ReturnOnAssetsTTM: 0.0599
ReturnOnEquityTTM: 0.221
RevenueTTM: 9351999000
GrossProfitTTM: 3469000000
DilutedEPSTTM: 2.84
QuarterlyEarningsGrowthYOY: -0.939
QuarterlyRevenueGrowthYOY: -0.394
AnalystTargetPrice: 67.47
TrailingPE: 25.12
ForwardPE: 21.19
PriceToSalesRatioTTM: 1.022
PriceToBookRatio: 101.31
EVToRevenue: 1.587
EVToEBITDA: 8.76
Beta: 1.089
52WeekHigh: 107.95
52WeekLow: 46.82
50DayMovingAverage: 58.68
200DayMovingAverage: 66.6
SharesOutstanding: 206484000
DividendDate: 2023-04-06
ExDividendDate: 2023-03-21

Date Symbol Prediction Model Accuracy Price Target Analyst Target
2023-12-04 STX STRONGBUY 0.75 75.59 67.47

More AI Trading NASDAQ Tue, 05 Dec buys

You must be logged in to view this content. Log In No account? Register  for Free.  

AI Trading NASDAQ Tue, 05 Dec sells

You must be logged in to view this content. Log In No account? Register  for Free.  

Back-testing and model summaries

You must be logged in to view this content. Log In No account? Register  for Free.  

Thanks for subscribing and happy investing!

The Third Perspective Team