JP Morgan has recently raised Huntsman Corporation (HUN) stock to Overweight rating, as announced on June 7, 2024, according to Finviz. Earlier, on February 23, 2024, Wells Fargo had raised the stock from a Equal Weight to Overweight, setting a price target of $32 for HUN stock. Morgan Stanley also reduced rating with a price target of $28. Additionally, BofA Securities raised Buy rating on October 18, 2023, with a target price of $27. Citigroup analysts, in their report published on June 14, 2023, also initiated Neutral rating and set a price target of $27 for Huntsman Corporation’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Huntsman Corporation (HUN) Stock Trading Recap
On Monday, Huntsman Corporation (HUN) stock saw a decline, ending the day at $19.99 which represents a decrease of $-0.30 or -1.48% from the prior close of $20.29. The stock opened at $20.43 and touched a low of $19.95 during the day, reaching a high of $20.52. The volume of shares traded was 1.83 million exceeding the average volume of 1.83 million.
HUN Stock Performance and Moving Averages
In recent trading, Huntsman Corporation (HUN) stock price has shown some volatility, fluctuating -8.05% over the last five trades and -16.50% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -19.17%, and it has plunged by -1.96% in the previous three months. Currently, HUN is trading at -9.97%, -11.66%, and -15.23% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, HUN, a Basic Materials sector stock, is trading -25.99% below its 52-week high but remains 0.45% above its 52-week low. The Average True Range (ATR) (14 days) of 0.63 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Huntsman Corporation’s Profitability and Valuation Ratios
Huntsman Corporation’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.62% and a profit margin of -1.79%, with a gross margin of -19.17%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Huntsman Corporation’s market capitalization stands at $3.32 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 23.26. Additionally, the Price-to-Sales Ratio is 0.55, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.11, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 5.90% of Huntsman Corporation (HUN)’s shares, while financial institutions hold 86.13%.
Notable insider trades include Beckerle Mary C, Director at Huntsman Corporation (HUN), who sold 20201 shares on Nov 06 ’24, at $21.42 each, totaling $0.43 million.
