The STX share price has been on a roller coaster ride over the past few years. The stock was trading at $32.50 per share in December of 2014, but fell to a low of $8.60 per share in August of 2015. However, the stock has since rebounded and is currently trading at $15.35 per share.
Despite the volatility, STX remains one of the largest publicly traded companies in South Korea with a market capitalization of over $10 billion.
The STX share price has been on a roller coaster ride in recent years. The stock was trading at around $40 per share in mid-2014, but fell to a low of just $6.50 in early 2016. It has since recovered somewhat and is currently trading at around $15 per share.
The main reason for the volatile STX share price is the company’s heavy reliance on the Chinese market. Around 80% of its revenue comes from China, so any slowdown in the Chinese economy has a big impact on STX’s bottom line. This was certainly the case in 2016, when a slowdown in China caused revenues to plunge by 30%.
Looking ahead, it remains to be seen how well STX can weather another downturn in China. If the company can diversify its revenue sources and reduce its dependence on China, then its share price should become more stable over time.
Stx Share Price Chat
STX shares are down sharply today, after the company announced that it would be selling its hard disk drive business to Western Digital for $19 billion. This is a huge blow to STX, which had been banking on the sale of this business to help fund its turnaround. The stock is down over 30% on the news.
This is a tough pill to swallow for STX investors. The company has been struggling for some time, and this was seen as a key opportunity to help right the ship. Unfortunately, it looks like things are going to get worse before they get better.
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Is Stx Stock a Buy?
STX is a publicly traded company that manufactures and sells sporting goods and equipment. The company’s stock is traded on the Nasdaq Stock Market under the ticker symbol STX. As of June 2019, STX had a market capitalization of $3.6 billion.
STX produces a broad range of products for both amateur and professional athletes in a variety of sports, including football, lacrosse, hockey, baseball, softball, golf, and more. The company’s products are sold through major retailers such as Dick’s Sporting Goods, Amazon.com , Walmart , and Target , as well as through its own website and direct-to-consumer channels.
The company has been growing rapidly in recent years, fueled by strong demand for its products and favorable industry trends.
In 2018, STX reported sales of $1.1 billion, up 27% from the prior year. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew even faster at 33%, to $194 million .
Looking ahead, analysts expect STX to continue to benefit from favorable industry tailwinds as well as from its aggressive growth strategy .
For 2019 , analysts are expecting sales to grow 22% to $1.3 billion while adjusted EBITDA is expected to increase 30% to $252 million . This would mark the fourth consecutive year of double-digit sales growth and adjusted EBITDA growth for the company .
Based on these estimates , STX stock looks fairly valued at current levels .
shares trade at 19 times expected 2019 EBITDA , which is slightly above the average multiple for comparable companies . However , given the company’s strong growth prospects , I believe STX stock is still a good buy at current levels .
Why is Stx Dropping Today?
STX stock is down today after the company announced it would be selling its business unit to Google. The move was unexpected and caught investors off guard. While the sale will help STX focus on its core businesses, it comes at a time when the company is already under pressure from slowing growth and mounting debt.
As a result, STX shares are down sharply today.
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Conclusion
The STX share price has been on a roller coaster ride over the past year. The stock is down nearly 50% from its 52-week high, but it has also recovered from its lows in March.
STX shares were trading for around $30 in early 2020.
Then, the COVID-19 pandemic hit and the stock market crashed. STX shares fell to a low of $15 in March 2020. However, the stock has since recovered and is now trading at around $24 per share.
Overall, the STX share price has been volatile over the past year. However, the company appears to be weathering the storm and its stock price has slowly been climbing back up.
