Huntsman Corp (NYSE:HUN) finished Wednesday with a subtraction of -$0.07 to close at $23.69, a downside of -0.29 percent. An average of 1,430,520 shares of common stock have been traded in the last five days. There was a fall of -$1.21 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,162,475 shares traded, while the 50-day average volume stands at 1,858,514.
HUN stock has decreased by -13.98% in the last month. The company shares reached their 1-month lowest point of $23.67 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $23.52 and a high of $33.46 in 52 weeks. It has reached a new high 11 times so far this year and lost -13.79% or -$3.79 in price. In spite of this, the price is down -29.20% from the 52-week high.
Valuation Metrics
Huntsman Corp (HUN) has a trailing price-to-earnings (P/E) ratio of 24.79. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.61, the price-to-book (PB) ratio at 1.16, and the price-to-cash flow ratio at 16.93.
The company has a payout ratio of 37.51%. The company’s most recent quarterly dividend payment was $0.2375 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Monday February 20 2023.
Financial Health
The quick ratio of Huntsman Corp for the three months ended June 29 was 1.28, and the current ratio was 2.14, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.52 and a total debt to equity ratio of 0.54 for the quarter ending June 29. Its gross profit as reported stood at $1.55 billion compared to revenue of $8.02 billion.
Earnings Surprise
For the three-month period that ended June 29, Huntsman Corp had $1.56 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $19.0 million in the quarter, while revenues were shrunk -1100.0%. The analyst consensus anticipated Huntsman Corp’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.22, a -26.70% surprise. For the quarter, EBITDA amounted to $120.0 million. Shareholders own equity worth $177.9 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Huntsman Corp (HUN) price momentum. RSI 9-day as of the close on 27 September was 16.38%, suggesting the stock is oversold, with historical volatility in this time frame at 7.81%.
As of today, HUN’s price is $24.09 -4.86% or -$1.21 from its 5-day moving average. HUN is currently trading -14.29% lower than its 20-day SMA and -10.47% lower than its 100-day SMA. However, the stock’s current price level is -15.30% below the SMA50 and -15.03% below the SMA200.
The stochastic %K and %D were 3.26% and 4.21%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 0.78% and the average true range at 0.59, the RSI (14) stands at 22.80%. The stock has reached -0.70 on the 9-day MACD Oscillator while the 14-day reading was at -1.02.
Analyst Ratings
Citigroup launched coverage on Huntsman Corp (NYSE: HUN) in its analyst report released on June 14, 2023. The firm assigned the stock a Neutral rating.
