Purchase Of Shares In Huntsman Corporation (HUN) By STRYKER DAVID M


As of Friday close, Huntsman Corporation’s (NYSE:HUN) stock was down -$0.2, moving down -0.72 percent to $27.69. The average number of shares traded per day over the past five days has been 5,678,300 shares. 2 times new highs have been achieved over the past 5 days, with a $0.40 gain in that time frame. In the last twenty days, the average volume was 3,427,265, while in the previous 50 days, it was 2,362,566.

Since last month, HUN stock retreated -10.01%. Shares of the company fell to $26.37 on 03/13/23, the lowest level in the past month. A 52-week high of $40.62 was reached on 02/02/23 after having rallying from a 52-week low of $23.53. Since the beginning of this year, HUN’s stock price has risen by 0.76% or $0.21, and marked a new high 11 times. However, the stock has declined by -31.83% since its 52-week high.

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HUN stock investors should be aware that Huntsman Corporation (HUN) stock had its last reported insider trading activity 218 days ago on Aug 12. STRYKER DAVID M, the Exec VP, GC and Sec of the company, purchased of 10,000 shares for $29.90 on Aug 12. It resulted in a $298,995 investment by the insider. ESPELAND CURTIS E added 15,000 shares at an average price of $30.18 on Aug 11. The insider now owns 18,533 shares following the transaction.

Valuation Metrics

Right now, Huntsman Corporation (HUN) has a P/E ratio of about 12.67. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 1.45, and the price-to-cash flow ratio of 10.99 may also be considered.

The latest dividend of $0.2375 per share was paid out, which is 11.76% more than last year’s $0.2125. On Monday February 20 2023, a $0.0250 dividend increase was announced.

Financial Health

In the three months ended September 29, Huntsman Corporation’s quick ratio stood at 1.30, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.46, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 19.30% percent. In the year ended September 29, operating margins totaled 8.30%. Based on annual data, HUN earned $1.55 billion in gross profit and brought in $8.02 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.10%. Return on equity (ROE) for the past 12 months was 11.60%.

In Huntsman Corporation’s quarter-end financial report for September 29, it reported total debt of $1.67 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HUN’s revenue fell -82.95% to $2.01 billion during the quarter, while net income inched up to $1.26 billion. While analysts expected Huntsman Corporation to report $0.72 quarterly earnings, the actual figure was $0.71 per share, beating the consensus estimate by -1.40%. During the quarter, the company generated $11.0 million in EBITDA. The liabilities of Huntsman Corporation were 4.38 billion at the end of its most recent quarter ended September 29, and its total debt was $1.86 billion. The value of shareholders’ equity is $183.77 million.

Technical Picture

This quick technical analysis looks at Huntsman Corporation’s (HUN) price momentum. With a historical volatility rate of 31.47%, the RSI 9-day stood at 38.91% on 17 March.

With respect to its five-day moving average, the current Huntsman Corporation price is up by +1.47% percent or $0.40. At present, HUN shares trade -10.24% below its 20-day simple moving average and +2.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.14% below its SMA50 and -23.61% below its SMA200.

Stochastic coefficient K was 30.16% and Stochastic coefficient D was 28.68%, while ATR was 0.96. Given the Stochastic reading of 31.85% for the 14-day period, the RSI (14) reading has been calculated as 39.02%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.89.

Analyst Ratings

Huntsman Corporation downgraded its rating on Huntsman Corporation (NYSE: HUN) to a Hold in a note to investors on February 22, 2023. The analysts firm previously had a Buy rating on the stock.Huntsman Corporation (HUN) has been rated Hold by analysts. According to 2 brokerage firms, HUN is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Huntsman Corporation stock as buy, with 6 recommending it as overweight.

With a median target price of $31.00, the current consensus forecast for the stock is $25.00 – $38.00. Based on these forecasts, analysts predict Huntsman Corporation (HUN) will achieve an average price target of $31.24.


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