LyondellBasell Industries NV (NYSE:LYB) shares, rose in value, with the stock price down by -1.18% to the previous day’s close as strong demand from buyers drove the stock to $56.93.
Actively observing the price movement in the recent trading, the stock is buoying the session at $57.61. The PE ratio was 17.61 over 12-month period. Referring to stock’s 52-week performance, its high was $100.46, and the low was $51.11. On the whole, LYB has fluctuated by -2.20% over the past month.
With the market capitalization of LyondellBasell Industries NV currently standing at about $18.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 5.36, with its dividend yield at 9.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 30.59B, with a low estimate of 6.59B and a high estimate of 8.23B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.68B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LYB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.92, with the price of LYB currently trading nearly -1.41% and -5.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.12, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 2.33%. Furthermore, LyondellBasell Industries NV (LYB)’s beta value is 0.82, and its average true range (ATR) is 1.94.
A comparison of LyondellBasell Industries NV (LYB) with its peers suggests the former has fared considerably weaker in the market. LYB showed an intraday change of -1.18% in today’s session so far, and over the past year, it shrunk by -42.33%%.
Data on historical trading for LyondellBasell Industries NV (NYSE:LYB) indicates that the trading volumes over the past 3 months, they’ve averaged 4.09 million. According to company’s latest data on outstanding shares, there are 322.95 million shares outstanding.
Nearly 20.41% of LyondellBasell Industries NV’s shares belong to company insiders and institutional investors own 74.03% of the company’s shares. The stock has fallen by -23.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LYB stock heading into the next quarter.
