Sylvamo Corp (NYSE: SLVM) is 61.05% higher on its value in year-to-date trading and has touched a low of $39.09 and a high of $81.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLVM stock was last observed hovering at around $78.16 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $79.09, the stock is 6.16% and 10.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 1.19% at the moment leaves the stock 30.00% off its SMA200. SLVM registered 88.13% gain for a year compared to 6-month gain of 27.11%.
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The stock witnessed a 9.89% loss in the last 1 month and extending the period to 3 months gives it a 10.89%, and is 0.22% up 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 2.44% over the week and 3.11% over the month.
Sylvamo Corp (SLVM) has around 6500 employees, a market worth around $3.24B and $3.70B in sales. Current P/E ratio is 14.28 and Fwd P/E is 10.08. Profit margin for the company is 6.30%. Distance from 52-week low is 102.32% and -2.43% from its 52-week high. The company has generated returns on investments over the last 12 months (13.16%).
The EPS is expected to grow by 10.98% this year.
Sylvamo Corp (SLVM) Top Institutional Holders
503.0 institutions hold shares in Sylvamo Corp (SLVM), with institutional investors hold 97.06% of the company’s shares. The shares outstanding are 41.20M, and float is at 34.19M with Short Float at 2.17%. Institutions hold 96.27% of the Float.
The top institutional shareholder in the company is ATLAS FRM LLC with over 6.31 million shares valued at $433.03 million. The investor’s holdings represent 15.2844% of the SLVM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.51 million shares valued at $$377.74 million to account for 13.3326 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.92 million shares representing 7.0611% and valued at over $200.05 million, while NOMURA HOLDINGS INC holds 5.2058 of the shares totaling 2.15 million with a market value of $147.49 million.
Sylvamo Corp (SLVM) Insider Activity
The most recent transaction is an insider sale by Ribieras JeanMichel,the company’sChairman and CEO. SEC filings show that Ribieras JeanMichel sold 12,225 shares of the company’s common stock on Mar 18 ’24 at a price of $57.20 per share for a total of $0.7 million. Following the sale, the insider now owns 0.13 million shares.
Sylvamo Corp disclosed in a document filed with the SEC on Mar 11 ’24 that Ribieras JeanMichel (Chairman and CEO) sold a total of 12,226 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $62.94 per share for $0.77 million. Following the transaction, the insider now directly holds 0.14 million shares of the SLVM stock.
Still, SEC filings show that on Mar 11 ’24, Maes Peggy (SVP & Chief People Officer) disposed off 1,500 shares at an average price of $63.20 for $94807.0. The insider now directly holds 11,249 shares of Sylvamo Corp (SLVM).
