Huntsman Corp (NYSE: HUN) has seen a decline in its stock price by -0.67 in relation to its previous close of 24.02. However, the company has experienced a -6.54% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that While Huntsman (HUN) faces headwinds from demand weakness, it benefits from actions to grow its downstream specialty and formulation businesses and synergies of acquisitions.
Is It Worth Investing in Huntsman Corp (NYSE: HUN) Right Now?
The price-to-earnings ratio for Huntsman Corp (NYSE: HUN) is above average at 45.68x, Company’s 36-month beta value is 1.15.Analysts have differing 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 161.98M, and currently, short sellers hold a 3.28% ratio of that floaft. The average trading volume of HUN on April 17, 2024 was 2.05M shares.
HUN’s Market Performance
The stock of Huntsman Corp (HUN) has seen a -6.54% decrease in the past week, with a -5.65% drop in the past month, and a 1.88% gain in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 2.04% for HUN. The simple moving average for the past 20 days is -5.95% for HUN’s stock, with a -6.18% simple moving average for the past 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 -5.22% 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 -20.19% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -4.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.20% lower at present.
During the last 5 trading sessions, HUN fell by -6.54%, which changed the moving average for the period of 200-days by -11.96% in comparison to the 20-day moving average, which settled at $25.31. In addition, Huntsman Corp saw -5.05% in overturn over a single year, with a tendency to cut further losses.
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 0.92. 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
In a nutshell, Huntsman Corp (HUN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
