Let’s look at the key reasons that are pushing Sensient Technologies Corp. (SXT) to new highs

Sensient Technologies Corp. (NYSE: SXT) kicked off on Friday, up 60.39% from the previous trading day, before settling in for the closing price of $69.50. Over the past 52 weeks, SXT has traded in a range of $52.90-$79.19.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 1.03%. While this was happening, its average annual earnings per share was recorded 5.77%. With a float of $35.35 million, this company’s outstanding shares have now reached $41.90 million.

Let’s determine the extent of company efficiency that accounts for Feb 05 2024 employees.

Sensient Technologies Corp. (SXT) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Sensient Technologies Corp. is 16.33%, while institutional ownership is 77.91%. The most recent insider transaction that took place on Oct 23, was worth 149,673. In this transaction President, Flavors Group of this company sold 2,608 shares at a rate of $57.39, taking the stock ownership to the 18,477 shares. Before that another transaction happened on Jul 03, when Company’s 10% Owner sold 6,304,914 for $71.13, making the entire transaction worth $448,468,533. This insider now owns 0 shares in total.

Sensient Technologies Corp. (SXT) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.51 earnings per share (EPS), lower than consensus estimate (set at $0.55) by -$0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.85 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 5.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.80% during the next five years compared to -9.81% drop over the previous five years of trading.

Sensient Technologies Corp. (NYSE: SXT) Trading Performance Indicators

Take a look at Sensient Technologies Corp.’s (SXT) current performance indicators. Last quarter, stock had a quick ratio of 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.75. Likewise, its price to free cash flow for the trailing twelve months is 31.18.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.21, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.36 in one year’s time.

Technical Analysis of Sensient Technologies Corp. (SXT)

Looking closely at Sensient Technologies Corp. (NYSE: SXT), its last 5-days average volume was 0.31 million, which is a jump from its year-to-date volume of 0.18 million. As of the previous 9 days, the stock’s Stochastic %D was 62.43%. Additionally, its Average True Range was 1.88.

During the past 100 days, Sensient Technologies Corp.’s (SXT) raw stochastic average was set at 51.23%, which indicates a significant decrease from 59.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.53% in the past 14 days, which was lower than the 29.57% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $62.82, while its 200-day Moving Average is $64.25. However, in the short run, Sensient Technologies Corp.’s stock first resistance to watch stands at $62.31. Second resistance stands at $64.24. The third major resistance level sits at $67.88. If the price goes on to break the first support level at $56.74, it is likely to go to the next support level at $53.10. Now, if the price goes above the second support level, the third support stands at $51.17.

Sensient Technologies Corp. (NYSE: SXT) Key Stats

The company with the Market Capitalisation of 2.55 billion has total of 42,250K Shares Outstanding. Its annual sales at the moment are 1,437 M in contrast with the sum of 140,890 K annual income. Company’s last quarter sales were recorded 363,830 K and last quarter income was 31,540 K.