As of Wednesday close, Huntsman Corporation’s (NYSE:HUN) stock was up $0.36, moving up 1.33 percent to $27.35. The average number of shares traded per day over the past five days has been 1,661,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.36 fall in that time frame. In the last twenty days, the average volume was 1,806,445, while in the previous 50 days, it was 1,972,230.
Since last month, HUN stock retreated -2.22%. Shares of the company fell to $26.76 on 08/16/23, the lowest level in the past month. A 52-week high of $33.46 was reached on 02/02/23 after having rallying from a 52-week low of $23.52. Since the beginning of this year, HUN’s stock price has dropped by -0.47% or -$0.13, and marked a new high 11 times. However, the stock has declined by -18.26% since its 52-week high.
HUN stock investors should be aware that Huntsman Corporation (HUN) stock had its last reported insider trading activity 76 days ago on Jun 02. STRYKER DAVID M, the Exec VP, GC and Sec of the company, purchased of 2,500 shares for $24.50 on Jun 02. It resulted in a $61,250 investment by the insider.
Valuation Metrics
Right now, Huntsman Corporation (HUN) has a P/E ratio of about 67.70. The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 1.37, and the price-to-cash flow ratio of 19.85 may also be considered.
The latest dividend of $0.2375 per share was paid out, remained unchanged from last year’s $0.2375.
Financial Health
In the three months ended June 29, Huntsman Corporation’s quick ratio stood at 1.30, while its current ratio was 2.10, 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 June 29 was 0.44, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 15.50% percent. In the year ended June 29, EBITDA margin amounted to 13.04%, whereas operating margins totaled 3.20%. 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 5.00%.
In Huntsman Corporation’s quarter-end financial report for June 29, it reported total debt of $1.56 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 -47.99% to $1.61 billion during the quarter, while net income inched up to $1.6 billion. While analysts expected Huntsman Corporation to report $0.3 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by -26.70%. During the quarter, the company generated $120.0 million in EBITDA. The liabilities of Huntsman Corporation were 3.71 billion at the end of its most recent quarter ended June 29, and its total debt was $1.95 billion. The value of shareholders’ equity is $177.9 million.
Technical Picture
This quick technical analysis looks at Huntsman Corporation’s (HUN) price momentum. With a historical volatility rate of 20.95%, the RSI 9-day stood at 38.20% on 16 August.
With respect to its five-day moving average, the current Huntsman Corporation price is down by -4.74% percent or -$1.36. At present, HUN shares trade -2.88% below its 20-day simple moving average and +2.55% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.51% above its SMA50 and +0.07% above its SMA200.
Stochastic coefficient K was 9.04% and Stochastic coefficient D was 12.55%, while ATR was 0.79. Given the Stochastic reading of 18.82% for the 14-day period, the RSI (14) reading has been calculated as 43.72%. As of today, the MACD Oscillator reading stands at -0.70, while the 14-day reading stands at -1.04.
Analyst Ratings
Citigroup launched its rating on Huntsman Corporation (NYSE: HUN) to a Neutral in a note to investors on June 14, 2023. 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 $30.00, the current consensus forecast for the stock is $25.00 – $34.00. Based on these forecasts, analysts predict Huntsman Corporation (HUN) will achieve an average price target of $29.47.
