International Flavors & Fragrances Inc. (IFF) is gearing up for another turning point as it hit the volume of 1.66 million

International Flavors & Fragrances Inc. (NYSE: IFF) on Tuesday, soared 0.45% from the previous trading day, before settling in for the closing price of $82.59. Within the past 52 weeks, IFF’s price has moved between $62.11 and $97.49.

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Basic Materials Sector giant saw their annual sales surged by 31.28% over the last five years. The company achieved an average annual earnings per share of 8.82%. With a float of $229.81 million, this company’s outstanding shares have now reached $255.29 million.

The firm has a total of 21500 workers. Let’s measure their productivity.

International Flavors & Fragrances Inc. (IFF) Insider Activity

Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of International Flavors & Fragrances Inc. is 9.99%, while institutional ownership is 88.58%. The most recent insider transaction that took place on May 11 ’23, was worth 170,282. In this transaction President, Scent of this company sold 1,972 shares at a rate of $86.35, taking the stock ownership to the 9,093 shares.

International Flavors & Fragrances Inc. (IFF) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 8.82% per share during the next fiscal year.

International Flavors & Fragrances Inc. (NYSE: IFF) Trading Performance Indicators

International Flavors & Fragrances Inc. (IFF) is currently performing well based on its current performance indicators. A quick ratio of 1.02 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.85. Likewise, its price to free cash flow for the trailing twelve months is 22.63.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.06, a number that is poised to hit 0.86 in the next quarter and is forecasted to reach 4.12 in one year’s time.

Technical Analysis of International Flavors & Fragrances Inc. (IFF)

Analysing the last 5-days average volume posted by the [International Flavors & Fragrances Inc., IFF], we can find that recorded value of 1.58 million was lower than the volume posted last year of 2.23 million. As of the previous 9 days, the stock’s Stochastic %D was 17.70%. Additionally, its Average True Range was 2.11.

During the past 100 days, International Flavors & Fragrances Inc.’s (IFF) raw stochastic average was set at 68.35%, which indicates a significant increase from 21.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.44% in the past 14 days, which was higher than the 26.20% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $81.34, while its 200-day Moving Average is $75.78. Now, the first resistance to watch is $84.23. This is followed by the second major resistance level at $85.50. The third major resistance level sits at $86.69. If the price goes on to break the first support level at $81.77, it is likely to go to the next support level at $80.58. Should the price break the second support level, the third support level stands at $79.31.

International Flavors & Fragrances Inc. (NYSE: IFF) Key Stats

Market capitalization of the company is 21.18 billion based on 255,319K outstanding shares. Right now, sales total 11,479 M and income totals -2,567 M. The company made 2,703 M in profit during its latest quarter, and -2,610 M in sales during its previous quarter.