Huntsman Corp [NYSE: HUN] gained 6.29% or 1.55 points to close at $26.18 with a heavy trading volume of 5966983 shares. The company report on February 21, 2024 at 4:45 PM that Huntsman Announces Fourth Quarter 2023 Earnings.
Fourth Quarter Highlights.
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Fourth quarter 2023 net loss attributable to Huntsman of $71 million compared to a net loss of $91 million in the prior year period; fourth quarter 2023 diluted loss per share of $0.41 compared to a diluted loss per share $0.48 in the prior year period.
The daily chart for HUN points out that the company has recorded -2.89% loss over the past six months.
If we look at the average trading volume of 1.75M shares, HUN reached to a volume of 5966983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Huntsman Corp [HUN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HUN shares is $26.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HUN stock is a recommendation set at 2.41. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Huntsman Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 11, 2023. The new note on the price target was released on October 18, 2023, representing the official price target for Huntsman Corp stock. Previously, the target price had yet another raise to $27, while Citigroup analysts kept a Neutral rating on HUN stock.
The Average True Range (ATR) for Huntsman Corp is set at 0.69, with the Price to Sales ratio for HUN stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 3.10. Price to Free Cash Flow for HUN in the course of the last twelve months was 37.40 with Quick ratio for the last quarter at 1.23.
Trading performance analysis for HUN stock
Huntsman Corp [HUN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.78. With this latest performance, HUN shares gained by 8.90% in over the last four-week period, additionally sinking by -2.89% over the last 6 months – not to mention a drop of -9.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HUN stock in for the last two-week period is set at 68.53, with the RSI for the last a single of trading hit 75.69, and the three-weeks RSI is set at 63.58 for Huntsman Corp [HUN]. The present Moving Average for the last 50 days of trading for this stock 24.52, while it was recorded at 24.69 for the last single week of trading, and 25.40 for the last 200 days.
Huntsman Corp [HUN]: A deeper dive into fundamental analysis
Huntsman Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.97.
Huntsman Corp [HUN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Huntsman Corp posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -60.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Huntsman Corp go to -14.33%.
An analysis of Institutional ownership at Huntsman Corp [HUN]
The top three institutional holders of HUN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HUN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HUN stock with ownership which is approximately 5.8325%.
