Following previous ticker characteristics, Seagate Technology plc (NASDAQ:STX) also run on active notice, stock price shows upbeat performance surged 1.20% after traded at $33.73 in most recent trading session.
Zacks Investment Research downgrades rating on shares of Seagate Technology PLC (STX) from a buy rating to a hold rating in a research report sent to investors.
Zacks reported that Seagate is the second-largest manufacturer of HDDs in the U.S. The company’s results for the fourth quarter of fiscal 2016 were better than expected as they benefited mainly from increased demand for HDD products. However, on a year-over-year basis, both revenues and earnings recorded a significant decline. Nonetheless, Seagate’s recent decision to cut the global workforce will drive its bottom-line performance in the long run. We believe that it is a step in the right direction as the shrinking of the PC business necessitates measures to align costs accordingly. Going forward, the company should benefit from the strength in its hybrid drives. Also, it is focusing on the enterprise side, where it could acquire higher-margin businesses. Synergies from acquisitions and product innovations are other growth drivers. However, sluggish macroeconomic conditions and competition remain the near-term headwinds.
STX has price to earnings ratio of 40.93 and the price to current year EPS stands at -84.40%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 7.21%. The earning yield also gives right direction to lure investment, as the co has 7.47% dividend yield. Moving toward ratio analysis, it has current ratio of 1.60 and quick ratio was calculated as 1.20. The debt to equity ratio appeared as 0.00 for seeing its liquidity position.
Taking notice on volatility measures, price volatility of stock was 2.59% for a week and 2.99% for a month. The price volatility’s Average True Range for 14 days was 0.96. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.80 out of 1-5 scale with week’s performance of 5.84%. STX’s institutional ownership was registered as 89.40%, while insider ownership was 0.10%.
T-Mobile US, Inc. (NASDAQ:TMUS) persists its position slightly strong in context of buying side, while shares price rose 1.68% during latest trading session.
Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. TMUS holds price to earnings ratio of 36.25 that presents much better indication for a stock’s value than the market price alone. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue.
Narrow down focus to other ratios, the co has current ratio of 1.60 that indicates if TMUS lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 1.50, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 1.73, sometimes its remain same with long term debt to equity ratio.