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Why Sasol Ltd ADR (SSL) Stock Could See Much Higher Prices Ahead

Sasol Ltd ADR (NYSE: SSL) is -29.17% lower on its value in year-to-date trading and has touched a low of $3.56 and a high of $9.33 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 $3.58 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $3.23, the stock is -22.02% and -26.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.3 million and changing -9.78% at the moment leaves the stock -45.46% off its SMA200. SSL registered -60.27% loss for a year compared to 6-month loss of -53.59%. The firm has a 50-day simple moving average (SMA 50) of $4.3742 and a 200-day simple moving average (SMA200) of $5.9226.

The stock witnessed a -22.17% gain in the last 1 month and extending the period to 3 months gives it a -32.29%, and is -21.79% 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 4.03% over the week and 2.77% over the month.

Sasol Ltd ADR (SSL) has around 28141 employees, a market worth around $2.03B and $14.22B in sales. Fwd P/E is 1.50. Profit margin for the company is -18.42%. Distance from 52-week low is -9.27% and -65.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.68%).

The EPS is expected to grow by 61.32% this year, but quarterly earnings will post -8.03% year-over-year.

Sasol Ltd ADR (SSL) Top Institutional Holders

135.0 institutions hold shares in Sasol Ltd ADR (SSL), with institutional investors hold 2.49% of the company’s shares. The shares outstanding are 642.14M, and float is at 629.98M with Short Float at 0.96%. Institutions hold 2.49% of the Float.

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 0.2896% 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 0.1563% and valued at over $7.53 million, while CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. holds 0.142 of the shares totaling 0.9 million with a market value of $6.84 million.

Sasol Ltd ADR (SSL) Insider Activity

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