The stock of SunCoke Energy Inc. (NYSE:SXC) decreased by -$0.23 on Wednesday to $8.98, down -2.44 percent. The last five days have seen an average of 625,893 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $0.35. The average number of shares traded over the last 20 days was 517,428, while the average volume over the last 50 days totaled 550,499.
SXC stock appreciated 8.78% since last month. On 07/18/23, the company’s shares reached a one-month low of $8.10. The stock touched a high of $10.43 on 03/03/23, after rallying from a low of $5.72 in 52 weeks. The price of SXC stock has risen by 4.11% or $0.35 this year, reaching a new high 16 times. Still, the stock price is down -13.81% from the 52-week high.
Insider Transactions
SXC stock investors should be aware that SunCoke Energy Inc. (SXC) stock had its last reported insider trading activity 167 days ago on Mar 02. On Mar 02, Senior Vice President Hardesty Phillip Michael sold 13,778 shares at $9.97 each. This transaction resulted in the insider making $137,408. On Feb 28, Hardesty Phillip Michael sold 17,778 shares at a price of US$9.47. After the transaction, the insider now owns 199,033 shares.
Valuation Metrics
SunCoke Energy Inc. (SXC) has a trailing price-to-earnings (P/E) ratio of 8.48. Beta for the stock is 1.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.37, the price-to-book (PB) ratio of 1.25, and the price-to-cash flow ratio of 5.02.
Company paid $0.10 per share in dividends, an increase of 25.0% from $0.08 last year.
Financial Health
For the three months ended June 29, SunCoke Energy Inc.’s quick ratio was 0.80, while its current ratio was 1.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.81, and the total debt to equity ratio is 0.81. As far as profitability goes, gross margin for the trailing twelve months is 17.20% percent. SunCoke Energy Inc.’s EBITDA margin for the year ended June 29 was 15.06%, whereas its operating margin stood at 6.80% for the same period. Based on annual data, it had gross profit of $367.6 million and revenue of $1.97 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SXC’s return on assets (ROA) during the last 12 months has been 5.40%. There was a 12.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.20%.
Earnings Surprise
According to SunCoke Energy Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $534.4 million, while revenues rose by 6.08% to $487.8 million. It was predicted that SunCoke Energy Inc.’s quarterly earnings would be $0.24, but it ended up being $0.19, beating the consensus by 26.30%. EBITDA was $73.9 million for the quarter. At the end of SunCoke Energy Inc.’s most recent quarter ended June 29, its liabilities totaled 1.0 billion, while its total debt was $496.4 million. Equity owned by shareholders amounts to $83.76 million.
Technical Picture
Here’s a quick look at SunCoke Energy Inc.’s (SXC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 47.62%, suggesting the stock is Neutral, with a 16.68% historical volatility rate.
The stochastic %K and %D were 38.12% and 42.60% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 27.17%, the RSI (14) reading is 53.34%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.12.
Analyst Ratings
SunCoke Energy Inc. (NYSE: SXC) was downgraded by B. Riley Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned SunCoke Energy Inc. (SXC) an Overweight rating. SXC is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is SXC’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $11.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for SunCoke Energy Inc. (SXC) is $11.00.
