Sensient Technologies Corporation (NYSE:SXT) saw an upside of 0.26% to close Friday at $58.55 after adding $0.15 on the day. The 5-day average trading volume is 249,560 shares of the company’s common stock. It has gained $59.16 in the past week and touched a new high 2 times within the past 5 days. An average of 215,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 178,274.
SXT’s 1-month performance is -15.60% or -$9.93 on its low of $57.36 reached on 08/15/23. The company’s shares have touched a 52-week low of $57.36 and high of $88.12, with the stock’s rally to the 52-week high happening on 02/15/23. YTD, SXT has lost -19.71% or -$14.37 and has reached a new high 11 times. However, the current price is down -33.56% from the 52-week high price.
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Insider Transactions
SXT stock investors last saw insider trading activity on Jul 03.Winder Investment Pte Ltd (10% Owner) most recently sold 6,304,914 shares at $71.13 per share on Jul 03. This transaction cost the insider $448,468,533.
Valuation Metrics
SXT stock has a beta of 0.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.70 while the price-to-book (PB) in the most recent quarter is 2.33.
Sensient Technologies Corporation’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 4.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.67. In terms of profitability, the gross margin trailing 12 months is 33.00%. The trailing 12-month EBITDA margin is 17.34% while for the period ending June 29, Sensient Technologies Corporation’s operating margin was 13.20%. The firm’s gross profit as reported stood at $489.11 million against revenue of $1.44 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 -13.58% to $34.03 million, while revenue of $33.65 million was 1.12% off the previous quarter. Analysts expected SXT to announce $0.88 per share in earnings in its latest quarter, but it posted $0.81, representing a -8.00% surprise. EBITDA for the quarter stood at more than $66.03 million. SXT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 991.95 million, with total debt at $741.12 million. Shareholders hold equity totaling $42.25 million.
Let’s look briefly at Sensient Technologies Corporation (SXT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 24.11% to suggest the stock is trending oversold, with historical volatility in this time period at 13.61%.
The stock’s 5-day moving average is $58.24, reflecting a -0.56% or -$0.33 change from its current price. SXT is currently trading -10.46% above its 20-day SMA, -21.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.14% and SMA200 by-18.07%.
Stochastic %K and %D was 12.63% and 9.18% and the average true range (ATR) pointed at 1.24. The RSI (14) points at 25.45%, while the 14-day stochastic is at 17.72% with the period’s ATR at 1.35. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -1.85 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sensient Technologies Corporation (NYSE: SXT), Sidoti upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SXT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SXT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SXT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $84.00, with their median price target at $77.00. Looking at these predictions, the average price target given by analysts is for Sensient Technologies Corporation (SXT) stock is $77.00.
