Sylvamo Corporation (NYSE:SLVM) finished Friday with an addition of $0.36 to close at $40.50, an upside of 0.90 percent. An average of 691,420 shares of common stock have been traded in the last five days. There was a fall of -$8.08 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 358,260 shares traded, while the 50-day average volume stands at 404,784.
SLVM stock has decreased by -7.72% in the last month. The company shares reached their 1-month lowest point of $39.35 on 08/10/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $33.30 and a high of $57.38 in 52 weeks. It has reached a new high 8 times so far this year and lost -16.65% or -$8.09 in price. In spite of this, the price is down -29.42% from the 52-week high.
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Insider Transactions
SLVM stock investors should be aware that Sylvamo Corporation (SLVM) stock had its last reported insider trading activity 152 days ago on Mar 13. In this transaction, the insider spent $613,976. VP, Controller,Chief Acct.Off., Ferguson Kevin W, disposed of 2,407 shares at a price of $49.65 on Mar 09. The insider now owns more than $119,508 worth of shares. Prior to that, See General Remark. CITIGROUP INC went on to Sale 4,614,358 shares at $36.25 each on Sep 12. An amount of $167,270,478 was transacted.
Valuation Metrics
Sylvamo Corporation (SLVM) has a trailing price-to-earnings (P/E) ratio of 4.73. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.45, the price-to-book (PB) ratio at 2.18, and the price-to-cash flow ratio at 4.10.
The company has a payout ratio of 10.80%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest increase dividend $0.1375 reported on Thursday November 10 2022.
Financial Health
The quick ratio of Sylvamo Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.21 and a total debt to equity ratio of 1.34 for the quarter ending June 29. Sylvamo Corporation’s EBITDA margin for the year ending June 29 is 18.61%, while its operating margin for the same period stands at 15.60%. Its gross profit as reported stood at $1.01 billion compared to revenue of $3.63 billion.
Earnings Surprise
For the three-month period that ended June 29, Sylvamo Corporation had $954.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $49.0 million in the quarter, while revenues were grew 220.41%. The analyst consensus anticipated Sylvamo Corporation’s latest quarter earnings to come in at $1 per share, but it turned out to be $1.14, a 14.00% surprise. For the quarter, EBITDA amounted to $122.0 million. Shareholders own equity worth $41.87 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sylvamo Corporation (SLVM) price momentum. RSI 9-day as of the close on 11 August was 25.14%, suggesting the stock is oversold, with historical volatility in this time frame at 76.90%.
As of today, SLVM’s price is $43.79 -16.63% or -$8.08 from its 5-day moving average. SLVM is currently trading -5.75% lower than its 20-day SMA and -10.58% lower than its 100-day SMA. However, the stock’s current price level is +2.74% above the SMA50 and -12.55% below the SMA200.
The stochastic %K and %D were 7.33% and 30.31%, respectively, and the average true range (ATR) was 1.87. With the 14-day stochastic at 11.27% and the average true range at 1.67, the RSI (14) stands at 33.34%. The stock has reached -5.27 on the 9-day MACD Oscillator while the 14-day reading was at -5.93.
Analyst Ratings
RBC Capital Mkts downgraded Sylvamo Corporation (NYSE: SLVM) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Sylvamo Corporation (SLVM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLVM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is SLVM’s price target for the next 12 months?
Analysts predict a range of price targets between $44.00 and $50.00, with a median target of $47.00. Taking a look at these predictions, the average price target given by analysts for Sylvamo Corporation (SLVM) stock is $47.00.
