The price-to-earnings ratio for Huntsman Corp (NYSE: HUN) is 49.59x, which is above its average ratio. Moreover, the 36-month beta value for HUN is 1.13. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HUN is 161.79M and currently, short sellers hold a 2.81% of that float. On March 28, 2024, HUN’s average trading volume was 2.02M shares.
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HUN) stock’s latest price update
Huntsman Corp (NYSE: HUN)’s stock price has plunge by 1.89relation to previous closing price of 25.42. Nevertheless, the company has seen a 0.58% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that Huntsman (HUN) reported earnings 30 days ago. What’s next for the stock?
HUN’s Market Performance
Huntsman Corp (HUN) has seen a 0.58% rise in stock performance for the week, with a 1.21% gain in the past month and a 0.70% surge in the past quarter. The volatility ratio for the week is 1.50%, and the volatility levels for the past 30 days are at 2.02% for HUN. The simple moving average for the last 20 days is 0.99% for HUN stock, with a simple moving average of 1.82% for the last 200 days.
Analysts’ Opinion of HUN
Many brokerage firms have already submitted their reports for HUN stocks, with Wells Fargo repeating the rating for HUN by listing it as a “Overweight.” The predicted price for HUN in the upcoming period, according to Wells Fargo is $32 based on the research report published on February 23, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HUN reach a price target of $28. The rating they have provided for HUN stocks is “Equal-Weight” according to the report published on December 11th, 2023.
BofA Securities gave a rating of “Buy” to HUN, setting the target price at $27 in the report published on October 18th of the previous year.
HUN Trading at 4.28% from the 50-Day Moving Average
After a stumble in the market that brought HUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.36% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares surge +2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.59% upper at present.
During the last 5 trading sessions, HUN rose by +0.58%, which changed the moving average for the period of 200-days by +3.23% in comparison to the 20-day moving average, which settled at $25.68. In addition, Huntsman Corp saw 3.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HUN starting from STRYKER DAVID M, who purchase 2,500 shares at the price of $24.50 back on Jun 02 ’23. After this action, STRYKER DAVID M now owns 385,502 shares of Huntsman Corp, valued at $61,250 using the latest closing price.
Stock Fundamentals for HUN
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.15 for the gross margin
The net margin for Huntsman Corp stands at 0.01. The total capital return value is set at 0.01. Equity return is now at value -0.49, with -0.22 for asset returns.
Based on Huntsman Corp (HUN), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 465.0 million with net debt to EBITDA at 3.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 8.12for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
To wrap up, the performance of Huntsman Corp (HUN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
