LyondellBasell Industries NV (NYSE: LYB)’s stock price has dropped by -1.43 in relation to previous closing price of 97.47. Nevertheless, the company has seen a loss of -1.72% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-22 that Conventum – Alluvium Global Fund ended the quarter with 19 holdings and 15.3% cash. The fund bought AutoNation, Ryanair, Robert Half and Liberty Broadband. The fund sold LyondellBasell, DICK’S Sporting and HCA Healthcare.
Is It Worth Investing in LyondellBasell Industries NV (NYSE: LYB) Right Now?
The price-to-earnings ratio for LyondellBasell Industries NV (NYSE: LYB) is above average at 14.86x, Company’s 36-month beta value is 1.08.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 2 as “sell.”
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The public float for LYB is 259.58M, and currently, short sellers hold a 1.75% ratio of that floaft. The average trading volume of LYB on July 24, 2024 was 1.64M shares.
LYB’s Market Performance
LYB stock saw an increase of -1.72% in the past week, with a monthly gain of 0.91% and a quarterly increase of -4.48%. The volatility ratio for the week is 1.76%, and the volatility levels for the last 30 days are 1.79% for LyondellBasell Industries NV (LYB). The simple moving average for the past 20 days is 0.44% for LYB’s stock, with a -0.55% simple moving average for the past 200 days.
Analysts’ Opinion of LYB
JP Morgan, on the other hand, stated in their research note that they expect to see LYB reach a price target of $100, previously predicting the price at $95. The rating they have provided for LYB stocks is “Overweight” according to the report published on February 05th, 2024.
Deutsche Bank gave a rating of “Hold” to LYB, setting the target price at $105 in the report published on January 10th of the current year.
LYB Trading at -0.74% from the 50-Day Moving Average
After a stumble in the market that brought LYB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.22% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -1.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.46% lower at present.
During the last 5 trading sessions, LYB fell by -1.72%, which changed the moving average for the period of 200-days by +2.76% in comparison to the 20-day moving average, which settled at $95.58. In addition, LyondellBasell Industries NV saw 1.05% 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 LYB starting from Buchanan Robin W.T., who sale 18,111 shares at the price of $100.46 back on Mar 15 ’24. After this action, Buchanan Robin W.T. now owns 12,276 shares of LyondellBasell Industries NV, valued at $1,819,427 using the latest closing price.
McMurray Michael C., the EVP & CFO of LyondellBasell Industries NV, sale 16,940 shares at $100.84 during a trade that took place back on Mar 12 ’24, which means that McMurray Michael C. is holding 88,858 shares at $1,708,219 based on the most recent closing price.
Stock Fundamentals for LYB
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.14 for the gross margin
The net margin for LyondellBasell Industries NV stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 16.48, with 5.81 for asset returns.
Based on LyondellBasell Industries NV (LYB), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 12.66.
Currently, EBITDA for the company is 5.16 billion with net debt to EBITDA at 2.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.0. The receivables turnover for the company is 9.92for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In a nutshell, LyondellBasell Industries NV (LYB) has experienced a mixed 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.
