United States Lime & Minerals Inc (NASDAQ: USLM) has experienced a decline in its stock price by -7.99 compared to its previous closing price of 132.74. However, the company has seen a fall of -10.36% in its stock price over the last five trading days. globenewswire.com reported 2024-07-31 that DALLAS, July 31, 2024 (GLOBE NEWSWIRE) — United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported second quarter 2024 results: The Company’s revenues in the second quarter 2024 were $76.5 million, compared to $74.0 million in the second quarter 2023, an increase of $2.6 million, or 3.5%. For the first six months 2024, the Company’s revenues were $148.2 million, compared to $140.8 million in the first six months 2023, an increase of $7.5 million, or 5.3%. Lime and limestone revenues were $76.3 million in the second quarter 2024, compared to $73.7 million in the second quarter 2023, an increase of $2.6 million, or 3.5%. For the first six months 2024, lime and limestone revenues were $147.7 million, compared to $140.2 million in the first six months 2023, an increase of $7.5 million, or 5.3%. The increase in revenues in the second quarter and first six months 2024, compared to the comparable 2023 periods, resulted from increases in average selling prices for the Company’s lime and limestone products, partially offset by decreased sales volumes. The decreases in sales volumes in the second quarter and first six months 2024, compared to the comparable 2023 periods, were principally due to decreased demand from the Company’s construction customers, partially offset by increased demand from its industrial and roof shingle customers.
Is It Worth Investing in United States Lime & Minerals Inc (NASDAQ: USLM) Right Now?
United States Lime & Minerals Inc (NASDAQ: USLM) has a higher price-to-earnings ratio of 35.42x compared to its average ratio, The 36-month beta value for USLM is at 0.93. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for USLM is 10.69M, and currently, shorts hold a 1.82% of that float. The average trading volume for USLM on January 03, 2025 was 95.58K shares.
USLM’s Market Performance
USLM’s stock has seen a -10.36% decrease for the week, with a -22.00% drop in the past month and a 31.80% gain in the past quarter. The volatility ratio for the week is 5.31%, and the volatility levels for the past 30 days are at 5.10% for United States Lime & Minerals Inc The simple moving average for the past 20 days is -12.91% for USLM’s stock, with a 35.36% simple moving average for the past 200 days.
USLM Trading at -9.67% from the 50-Day Moving Average
After a stumble in the market that brought USLM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.44% of loss for the given period.
Volatility was left at 5.10%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares sank -20.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.73% upper at present.
During the last 5 trading sessions, USLM fell by -10.36%, which changed the moving average for the period of 200-days by +111.48% in comparison to the 20-day moving average, which settled at $140.25. In addition, United States Lime & Minerals Inc saw -7.99% 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 USLM starting from BYRNE TIMOTHY W, who sale 22,261 shares at the price of $141.73 back on Nov 19 ’24. After this action, BYRNE TIMOTHY W now owns 125,004 shares of United States Lime & Minerals Inc, valued at $3,155,052 using the latest closing price.
BYRNE TIMOTHY W, the President & CEO of United States Lime & Minerals Inc, sale 21,954 shares at $139.60 during a trade that took place back on Nov 20 ’24, which means that BYRNE TIMOTHY W is holding 103,050 shares at $3,064,700 based on the most recent closing price.
Stock Fundamentals for USLM
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.44 for the gross margin
The net margin for United States Lime & Minerals Inc stands at 0.33. The total capital return value is set at 0.22. Equity return is now at value 23.21, with 20.90 for asset returns.
Based on United States Lime & Minerals Inc (USLM), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 75.11.
Currently, EBITDA for the company is 109.25 million with net debt to EBITDA at -1.82. When we switch over and look at the enterprise to sales, we see a ratio of 10.69. The receivables turnover for the company is 5.73for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 18.10.
Conclusion
In conclusion, United States Lime & Minerals Inc (USLM) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
