Sasol Limited (NYSE:SSL) finished Wednesday with an addition of $0.76 to close at $14.09, an upside of 5.71 percent. An average of 385,236 shares of common stock have been traded in the last five days. There was a gain of $1.03 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 367,259 shares traded, while the 50-day average volume stands at 332,050.
SSL stock has increased by 6.59% in the last month. The company shares reached their 1-month lowest point of $12.61 on 07/11/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $11.56 and a high of $22.31 in 52 weeks. It has reached a new high 11 times so far this year and lost -10.31% or -$1.64 in price. In spite of this, the price is down -36.83% from the 52-week high.
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Valuation Metrics
Sasol Limited (SSL) has a trailing price-to-earnings (P/E) ratio of 4.35. The stock’s beta is 2.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.53, the price-to-book (PB) ratio at 0.83.
The company has a payout ratio of 621.70%. The company’s most recent quarterly dividend payment was $0.3871 a share, representing a down of -55.59% from $0.8716 last year. Its latest decrease dividend $0.4845 reported on Tuesday February 21 2023.
Financial Health
The quick ratio of Sasol Limited for the recent quarter 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 0.61 and a total debt to equity ratio of 0.65 for the recent quarter. Its gross profit as reported stood at $9.79 billion compared to revenue of $18.14 billion.
Earnings Surprise
For the recent quarter, Sasol Limited had $337.04 million in cash. The company posted a net income of $2.72 billion in the quarter, while revenues were grew 76.81%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sasol Limited (SSL) price momentum. RSI 9-day as of the close on 09 August was 63.70%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.27%.
As of today, SSL’s price is $13.52 +7.90% or $1.03 from its 5-day moving average. SSL is currently trading +4.22% higher than its 20-day SMA and +11.58% higher than its 100-day SMA. However, the stock’s current price level is +19.54% above the SMA50 and -14.05% below the SMA200.
The stochastic %K and %D were 64.67% and 54.96%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 94.67% and the average true range at 0.39, the RSI (14) stands at 60.24%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.
Analyst Ratings
Morgan Stanley upgraded Sasol Limited (NYSE: SSL) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight.
What is SSL’s price target for the next 12 months?
Analysts predict a range of price targets between $14.51 and $29.36, with a median target of $17.44. Taking a look at these predictions, the average price target given by analysts for Sasol Limited (SSL) stock is $18.75.
