Huntsman Corporation (NYSE:HUN) finished Wednesday with a subtraction of -$0.69 to close at $24.53, a downside of -2.74 percent. An average of 3,946,580 shares of common stock have been traded in the last five days. There was a fall of -$1.82 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 2,786,690 shares traded, while the 50-day average volume stands at 2,544,018.
HUN stock has decreased by -16.88% in the last month. The company shares reached their 1-month lowest point of $24.51 on 09/21/22. With the stock rallying to its 52-week high on 02/22/22, shares of the company touched a low of $24.67 and a high of $41.65 in 52 weeks. It has reached a new high 11 times so far this year and lost -29.67% or -$10.35 in price. In spite of this, the price is down -41.10% from the 52-week high.
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Huntsman Corporation (HUN) has a trailing price-to-earnings (P/E) ratio of 4.22. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.55, the price-to-book (PB) ratio at 1.22, and the price-to-cash flow ratio at 6.27.
The company has a payout ratio of 13.60%. The company’s most recent quarterly dividend payment was $0.2125 a share, without any change from last year. Its latest increase dividend $0.0245 reported on Monday February 14 2022.
The quick ratio of Huntsman Corporation for the three months ended June 29 was 1.30, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.37 for the quarter ending June 29. Its gross profit as reported stood at $1.77 billion compared to revenue of $8.45 billion.
For the three-month period that ended June 29, Huntsman Corporation had $1.51 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $228.0 million in the quarter, while revenues were grew 31.58%. The analyst consensus anticipated Huntsman Corporation’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.28, a 11.30% surprise. For the quarter, EBITDA amounted to $365.0 million. Shareholders own equity worth $201.41 million.
From a technical analysis perspective, let’s take a brief look at Huntsman Corporation (HUN) price momentum. RSI 9-day as of the close on 21 September was 24.54%, suggesting the stock is oversold, with historical volatility in this time frame at 44.03%.
As of today, HUN’s price is $25.55 -6.91% or -$1.82 from its 5-day moving average. HUN is currently trading -18.12% lower than its 20-day SMA and -27.19% lower than its 100-day SMA. However, the stock’s current price level is -16.25% below the SMA50 and -22.98% below the SMA200.
The stochastic %K and %D were 11.34% and 15.83%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 0.51% and the average true range at 1.06, the RSI (14) stands at 29.46%. The stock has reached -1.01 on the 9-day MACD Oscillator while the 14-day reading was at -1.25.
Wells Fargo downgraded Huntsman Corporation (NYSE: HUN) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Huntsman Corporation (HUN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HUN, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.
What is HUN’s price target for the next 12 months?
Analysts predict a range of price targets between $25.00 and $58.00, with a median target of $34.00. Taking a look at these predictions, the average price target given by analysts for Huntsman Corporation (HUN) stock is $35.22.