Huntsman Corp (NYSE: HUN) is -2.43% lower on its value in year-to-date trading and has touched a low of $22.14 and a high of $29.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HUN stock was last observed hovering at around $25.53 in the last trading session, with the day’s loss setting it -1.01%.
Currently trading at $24.52, the stock is -4.30% and -2.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing -3.96% at the moment leaves the stock -3.70% off its SMA200. HUN registered -8.47% loss for a year compared to 6-month gain of 5.01%. The firm has a 50-day simple moving average (SMA 50) of $0.94 and a 200-day simple moving average (SMA200) of $13.05.
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The stock witnessed a -6.27% loss in the last 1 month and extending the period to 3 months gives it a 0.86%, and is -6.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.15% over the week and 1.96% over the month.
Huntsman Corp (HUN) has around 6000 employees, a market worth around $4.22B and $6.11B in sales. Current P/E ratio is 46.95 and Fwd P/E is 14.99. Profit margin for the company is 1.65%. Distance from 52-week low is 10.75% and -17.98% from its 52-week high. The company has generated returns on investments over the last 12 months (1.92%).
Huntsman Corp quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $1.48B over the same period.The EPS is expected to grow by 51.66% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to shrink -8.10% in year-over-year returns.
484 institutions hold shares in Huntsman Corp (HUN), with institutional investors hold 91.03% of the company’s shares. The shares outstanding are 171.58M, and float is at 161.98M with Short Float at 3.28%. Institutions hold 85.80% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 17.69 million shares valued at $477.92 million. The investor’s holdings represent 9.94% of the HUN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.22 million shares valued at $357.26 million to account for 7.43% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 9.61 million shares representing 5.40% and valued at over $259.58 million, while FMR, LLC holds 4.61% of the shares totaling 8.2 million with a market value of $221.44 million.
Huntsman Corp (HUN) Insider Activity
The most recent transaction is an insider purchase by STRYKER DAVID M, the company’s Exec VP, GC and Sec. SEC filings show that STRYKER DAVID M bought 2,500 shares of the company’s common stock on Jun 02 ’23 at a price of $24.50 per share for a total of $61250.0. Following the purchase, the insider now owns 0.39 million shares.
