LyondellBasell Industries NV (NYSE: LYB) Emerges As Guiding Light For Investors

LyondellBasell Industries NV (NYSE:LYB) currently has a daily average trading volume of 2.00M but it saw 1730021 shares traded in last market. With a market cap of 32.45B USD, the company’s current market price of $99.70 came rising about 0.55 while comparing to the previous closing price of $99.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $106.69 and as low as $84.80.

Taking a look at 20-day trading activity of LyondellBasell Industries NV (LYB) gives us an average price of $102.43, while its current price level is -6.55% below from 52-week high level whereas it is 17.57% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $100.00 while that of 200 days or SMA-200 reads an average of $96.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.76% during that period while stretching the period over a month that decreases to 1.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.98 which implies that the stock is in neutral territory.

JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on February 05, 2024 while assigning a price target range of $95-$100. Deutsche Bank issued its recommendations for the stock as it downgraded the price target for the stock is $105.

Over the week, LYB’s stock price is moving -3.70% down while it is -0.15% when we observe its performance for the past one month. Year-to-date it is 4.86% up and over the past year, the stock is showing an upside performance of 2.50%.

Currently, LyondellBasell Industries NV’s total number of outstanding shares is 324.48M. Company’s return on investment (ROI) stands at 8.54% and return on equity (ROE) at 16.59%. It has a price to earnings ratio (P/E ratio) of 15.42 while having a 10.07 of forward P/E ratio. Stock’s beta reads 1.17. Stock has a price to book (P/B) ratio of 2.50 while price to sale or P/S ratio amounts to 0.79. Its return on asset (ROA) is 5.78% on average.