Another important indicator which makes them attractive investment opportunities, is a high return on equity , which as of now is at 54.80%. Seagate Technology plc is seen by investors as value stocks and given future growth prospects investors are bullish.
And forward price to earnings still comes -11.37 lower to Technology sector . Seagate Technology plc currently trades at 9.57% above from its 200 SMA , and as prices continue to gain support at $38.88, SMA is by definition slow to react to market conditions .
The company has a 8.60% assets to equity ratio which is indicative of the strong trend and performance in Data Storage Devices Industry and to explain further considering rate profit in parallel to its overall resources, companies assets utilization seems right .
Firm is now at its 40.49% higher its 52W low . Company are at recognizable , important support and resistance levels.. Anticipated earnings for the company have come in at 10.33x, however at current PE at 16.26 analysts expect growth can boost better than expected .
With forward PE of 10.33, Seagate Technology plc is set for lower earnings per share for the next 12 months . Valuation of the company in terms of its balance sheet strength is positive with PB at 10.04 but there is opportunity for a positive analyst outlook.
However current ratio to evaluate the solvency of the business is mostly not advised , since it is easily manipulated, additionally STX debt and payable along with its assets is in comfortable position with CR at 2%.
Analysts’ consensus estimates point to low and could gain traction over the next few quarters, here is the reason why PEG value has come in at 0.89 which suggest industry might have undervalued the assets . PEG ratio for Seagate Technology plc is just at 0.89, a level that is slightly lower than the sector average of 1.87.
As of now compared to business growth prospective , cost appear be high . Technology sector is staging a rebound at 16122.82 points, comparatively to the broader index, has seen a change of 159.89 Index reported $7951.44mn in upwards price movements, while $10483.60mn pulled the index down ending up at $-2532.16mn in total money sector flow. With respect to block trades, money flow ended $-2501.54mn with tick up at $1042.43mn and tick down at $3543.98mn led an up /down ratio of 0.29x.
Compared with broader market index assets beta is 1.67. Reports indicate current assets will be sufficient to meet the company’s obligations as and when they become due , considering company level of quick assets to current liabilities is at 1.6.
With RSI 75.17 stock structure has stayed intact and lacks signs of a reversal in the charts . End of the day Monday, Dec 18 market cap stood at $12414.22 M , however we prefer enterprise value against market cap for fair value.