The stock of Huntsman Corp (NYSE: HUN) has increased by 2.72 when compared to last closing price of 21.32. Despite this, the company has experienced a 0.32% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-04 that Huntsman (HUN) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Huntsman Corp (NYSE: HUN) Right Now?
The 36-month beta value for HUN is also noteworthy at 1.01. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HUN is 162.68M, and at present, short sellers hold a 3.53% of that float. The average trading volume of HUN on September 05, 2024 was 1.83M shares.
HUN’s Market Performance
HUN stock saw an increase of 0.32% in the past week, with a monthly gain of 1.96% and a quarterly increase of -6.81%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 2.36% for Huntsman Corp (HUN). The simple moving average for the past 20 days is 4.10% for HUN’s stock, with a -9.10% simple moving average for the past 200 days.
Analysts’ Opinion of HUN
Many brokerage firms have already submitted their reports for HUN stocks, with JP Morgan repeating the rating for HUN by listing it as a “Overweight.” The predicted price for HUN in the upcoming period, according to JP Morgan is $27 based on the research report published on June 07, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see HUN reach a price target of $32, previously predicting the price at $25. The rating they have provided for HUN stocks is “Overweight” according to the report published on February 23rd, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to HUN, setting the target price at $28 in the report published on December 11th of the previous year.
HUN Trading at -1.02% 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 -21.73% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.25% lower at present.
During the last 5 trading sessions, HUN rose by +0.32%, which changed the moving average for the period of 200-days by -13.10% in comparison to the 20-day moving average, which settled at $21.10. In addition, Huntsman Corp saw -12.85% 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 $20.11 back on Aug 12 ’24. After this action, STRYKER DAVID M now owns 424,579 shares of Huntsman Corp, valued at $50,273 using the latest closing price.
Stock Fundamentals for HUN
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.14 for the gross margin
The net margin for Huntsman Corp stands at -0.0. The total capital return value is set at 0.0. Equity return is now at value -2.50, with -1.13 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 0.16. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 0.01.
Currently, EBITDA for the company is 465.0 million with net debt to EBITDA at 5.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 6.79for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In summary, Huntsman Corp (HUN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
