Are we looking at the next big move in Sasol Ltd ADR (SSL)?

Sasol Ltd ADR (NYSE: SSL) is -46.08% lower on its value in year-to-date trading and has touched a low of $4.90 and a high of $10.27 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 SSL stock was last observed hovering at around $4.97 in the last trading session, with the day’s gains setting it 0.39%.

Currently trading at $5.36, the stock is 2.06% and -9.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 7.85% at the moment leaves the stock -24.15% off its SMA200. SSL registered -45.69% loss for a year compared to 6-month loss of -16.25%. The firm has a 50-day simple moving average (SMA 50) of $5.9616 and a 200-day simple moving average (SMA200) of $7.0779.

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The stock witnessed a -12.70% gain in the last 1 month and extending the period to 3 months gives it a -21.18%, and is 2.10% 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 3.26% over the week and 2.73% over the month.

Sasol Ltd ADR (SSL) has around 28141 employees, a market worth around $3.38B and $14.70B in sales. Fwd P/E is 2.03. Profit margin for the company is -16.07%. Distance from 52-week low is 9.39% and -47.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.74%).

The EPS is expected to grow by 120.82% this year.

Sasol Ltd ADR (SSL) Top Institutional Holders

The shares outstanding are 642.14M, and float is at 629.98M with Short Float at 0.66%.

The top institutional shareholder in the company is MORGAN STANLEY with over 1.83 million shares valued at $13.95 million. The investor’s holdings represent 0.2861% of the SSL Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 1.05 million shares valued at $7.97 million to account for 0.1635 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.99 million shares representing 0.1544% and valued at over $7.53 million, while CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. holds 0.1403 of the shares totaling 0.9 million with a market value of $6.84 million.