LyondellBasell Industries NV (NYSE: LYB) Recovers 10.94% From 52-Week Low, Is LYB Still A High-Risk, High-Reward Play?

LyondellBasell Industries NV (NYSE:LYB) currently has a daily average trading volume of 1.58M but it saw 1662028 shares traded in last market. With a market cap of 31.96B USD, the company’s current market price of $98.14 came falling about -1.33 while comparing to the previous closing price of $99.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $107.02 and as low as $88.46.

Taking a look at 20-day trading activity of LyondellBasell Industries NV (LYB) gives us an average price of $96.33, while its current price level is -8.30% below from 52-week high level whereas it is 10.94% 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 $96.22 while that of 200 days or SMA-200 reads an average of $96.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.71% during that period while stretching the period over a month that increases to 1.87%. 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 55.74 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 1.59% up while it is 3.38% when we observe its performance for the past one month. Year-to-date it is 3.22% up and over the past year, the stock is showing an upside performance of 0.39%.

Currently, LyondellBasell Industries NV’s total number of outstanding shares is 324.48M. Company’s return on investment (ROI) stands at 8.30% and return on equity (ROE) at 16.48%. It has a price to earnings ratio (P/E ratio) of 15.18 while having a 10.02 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 2.46 while price to sale or P/S ratio amounts to 0.79. Its return on asset (ROA) is 5.81% on average.