LyondellBasell Industries N.V. (NYSE:LYB) saw an upside of 0.60% to $99.01 after adding $0.59 on Wednesday. The 5-day average trading volume is 1,616,111 shares of the company’s common stock. It has gained $100.54 in the past week and touched a new high 4 times within the past 5 days. An average of 2,137,273 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,030,437.
LYB’s 1-month performance is 7.86% or $9.25 on its low of $89.85 reached on 07/10/23. The company’s shares have touched a 52-week low of $71.46 and high of $101.30, with the stock’s rally to the 52-week high happening on 02/13/23. YTD, LYB has achieved 19.25% or $16.72 and has reached a new high 14 times. However, the current price is down -2.26% from the 52-week high price.
Insider Transactions
LYB stock investors last saw insider trading activity on Apr 25.CHASE ANTHONY R (Director) most recently sold 1 shares at $91.36 per share on Apr 25. This transaction cost the insider $91. EVP and General Counsel, Kaplan Jeffrey A, sold 10,000 shares at a price of $98.99 on Feb 07. Then, on Dec 31, SVP, Global Business Services Sharma Anup sold 1,713 shares at a price of $84.91 per share. This transaction amounted to $145,454.
Valuation Metrics
LYB stock has a beta of 1.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.68 while the price-to-book (PB) in the most recent quarter is 2.53, with the price to cash flow ratio at 19.71.
LyondellBasell Industries N.V.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.79, while the total debt to equity was 0.90. In terms of profitability, the gross margin trailing 12 months is 12.50%. The trailing 12-month EBITDA margin is 12.71% while for the period ending June 29, LyondellBasell Industries N.V.’s operating margin was 28.00%. The firm’s gross profit as reported stood at $6.6 billion against revenue of $50.45 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -129.93% to $715.0 million, while revenue of $474.0 million was 33.71% off the previous quarter. Analysts expected LYB to announce $2.28 per share in earnings in its latest quarter, but it posted $2.44, representing a 7.00% surprise. EBITDA for the quarter stood at more than $1.4 billion. LYB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 23.74 billion, with total debt at $13.3 billion. Shareholders hold equity totaling $324.2 million.
Let’s look briefly at LyondellBasell Industries N.V. (LYB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 72.09% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.17%.
The stock’s 5-day moving average is $97.73, reflecting a +3.56% or $3.43 change from its current price. LYB is currently trading +7.14% above its 20-day SMA, +17.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.25% and SMA200 by+26.20%.
Stochastic %K and %D was 91.20% and 81.96% and the average true range (ATR) pointed at 2.14. The RSI (14) points at 68.35%, while the 14-day stochastic is at 92.50% with the period’s ATR at 2.10. The stock’s 9-day MACD Oscillator is pointing at 1.07 and 2.54 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for LyondellBasell Industries N.V. (NYSE: LYB), Citigroup launched coverage with a Neutral rating. Analysts offering their rating for LYB stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate LYB as a “sell,”, while 14 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is LYB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $85.00 and a high of $116.00, with their median price target at $97.00. Looking at these predictions, the average price target given by analysts is for LyondellBasell Industries N.V. (LYB) stock is $100.19.
