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Seagate Technology Stock Bullish Momentum With A 30% Rise In The Last 21 Sessions

(VIANEWS) – Shares of Seagate Technology (NASDAQ: STX) jumped by a staggering 30.75% in 21 sessions from $52.61 at 2022-12-30, to $68.79 at 13:11 EST on Wednesday, following the last session’s upward trend. NASDAQ is falling 0.4% to $11,537.65, following the last session’s upward trend.

Seagate Technology’s last close was $67.78, 40.28% under its 52-week high of $113.50.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

Earnings Per Share

As for profitability, Seagate Technology has a trailing twelve months EPS of $3.96.

PE Ratio

Seagate Technology has a trailing twelve months price to earnings ratio of 17.38. Meaning,
the purchaser of the share is investing $17.38 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 921.6%.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Dec 19, 2022, the estimated forward annual dividend rate is 2.8 and the estimated forward annual dividend yield is 5.24%.

Volatility

Seagate Technology’s last week, last month’s, and last quarter’s current intraday variation average was 2.26%, 1.31%, and 2.03%.

Seagate Technology’s highest amplitude of average volatility was 3.94% (last week), 2.28% (last month), and 2.03% (last quarter).

Moving Average

Seagate Technology’s worth is way above its 50-day moving average of $55.09 and above its 200-day moving average of $67.29.

More news about Seagate Technology (STX).

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