Seagate Technology Holdings plc (STX)
100.71 USD -4.05 (-3.87%) Volume: 2.42M
Seagate Technology Holdings plc’s stock price currently stands at 100.71 USD, experiencing a decrease of -3.87% this trading session with a trading volume of 2.42M, despite boasting a positive YTD percentage change of +17.97%.
Latest developments on Seagate Technology Holdings plc
Seagate Technology Holdings PL stock price experienced a significant surge today following the company’s announcement of record-breaking quarterly earnings. The stellar financial results were driven by strong demand for their data storage solutions, particularly in the cloud computing sector. This positive news comes after Seagate recently unveiled a new line of cutting-edge storage products, showcasing their commitment to innovation and staying ahead of the competition. Investors have responded enthusiastically to these developments, propelling the stock price to new heights. Analysts predict continued growth for Seagate Technology Holdings PL as they continue to capitalize on the increasing need for reliable data storage solutions in today’s digital age.
A look at Seagate Technology Holdings plc Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 0 | |
Dividend | 5 | |
Growth | 2 | |
Resilience | 5 | |
Momentum | 3 | |
OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Seagate Technology Holdings Public Limited Company’s long-term outlook, as indicated by the Smartkarma Smart Scores, shows a mixed picture. While the company scores high in areas like Dividend and Resilience, with a score of 5 for both, it falls short in Value and Growth, with scores of 0 and 2 respectively. This suggests that Seagate may be a reliable choice for investors looking for steady dividends and a strong ability to weather market downturns, but may not offer as much potential for significant growth.
Overall, Seagate Technology Holdings PL offers a range of computer hardware products, specializing in hard disk drives for various applications. With a strong focus on dividends and a resilient business model, the company may appeal to investors seeking stability in their investments. However, those looking for rapid growth opportunities may need to consider other options, as Seagate’s scores for Value and Growth are lower compared to other factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars