Sylvamo Corp (NYSE: SLVM) is -2.23% lower on its value in year-to-date trading and has touched a low of $44.94 and a high of $98.02 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 SLVM stock was last observed hovering at around $76.51 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $77.26, the stock is -5.98% and -10.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.98% at the moment leaves the stock 2.38% off its SMA200. SLVM registered 57.29% gain for a year compared to 6-month gain of 17.31%. The firm has a 50-day simple moving average (SMA 50) of $86.5312 and a 200-day simple moving average (SMA200) of $75.3818.
The stock witnessed a -14.75% loss in the last 1 month and extending the period to 3 months gives it a -5.91%, and is -2.23% 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 3.16% over the week and 3.30% over the month.
Sylvamo Corp (SLVM) has around 6500 employees, a market worth around $3.17B and $3.77B in sales. Current P/E ratio is 12.00 and Fwd P/E is 10.53. Profit margin for the company is 7.17%. Distance from 52-week low is 71.92% and -21.18% from its 52-week high. The company has generated returns on investments over the last 12 months (14.46%).
The EPS is expected to grow by 9.63% this year
539.0 institutions hold shares in Sylvamo Corp (SLVM), with institutional investors hold 99.63% of the company’s shares. The shares outstanding are 41.00M, and float is at 34.18M with Short Float at 3.67%. Institutions hold 98.87% 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’s Chairman 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).
