Is STX's Cheap Valuation an Opportunity to Invest in the Stock?

Seagate Technology Holdings plc (STX) stock has been on an upward trajectory amid broader market volatility. Despite solid year-to-date gains, STX’s valuation remains low, prompting investors to ponder if this represents a buying opportunity. Image Source: Zacks Investment ResearchSTX is currently trading at a forward 12 month price-to-sales ratio of 2.04X, a discount compared with the Zacks Computer & Technology sector’s 6.28X and the industry’s 3.12X.Image Source: Zacks Investment ResearchShares of STX ha ...