Let’s look at the key reasons that are pushing LyondellBasell Industries NV (LYB) to new highs

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A new trading day began on Tuesday, with LyondellBasell Industries NV (NYSE: LYB) stock price down -0.62% from the previous day of trading, before settling in for the closing price of $87.72. LYB’s price has ranged from $86.87 to $107.02 over the past 52 weeks.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 5.13%. Meanwhile, its annual earnings per share averaged -13.16%. With a float of $259.06 million, this company’s outstanding shares have now reached $324.48 million.

Let’s determine the extent of company efficiency that accounts for 20000 employees. In terms of profitability, gross margin is 13.44%, operating margin of 6.98%, and the pretax margin is 6.8%.

LyondellBasell Industries NV (LYB) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of LyondellBasell Industries NV is 20.31%, while institutional ownership is 72.48%. The most recent insider transaction that took place on Aug 20 ’24, was worth 480,997. In this transaction EVP, Ops Excellence, HSE of this company sold 4,970 shares at a rate of $96.78, taking the stock ownership to the 34,220 shares. Before that another transaction happened on Aug 20 ’24, when Company’s Officer proposed sale 4,970 for $96.78, making the entire transaction worth $480,997.

LyondellBasell Industries NV (LYB) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -13.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.27% during the next five years compared to -11.67% drop over the previous five years of trading.

LyondellBasell Industries NV (NYSE: LYB) Trading Performance Indicators

Here are LyondellBasell Industries NV’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.69. Likewise, its price to free cash flow for the trailing twelve months is 11.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.11, a number that is poised to hit 1.98 in the next quarter and is forecasted to reach 9.20 in one year’s time.

Technical Analysis of LyondellBasell Industries NV (LYB)

Looking closely at LyondellBasell Industries NV (NYSE: LYB), its last 5-days average volume was 1.78 million, which is a drop from its year-to-date volume of 1.82 million. As of the previous 9 days, the stock’s Stochastic %D was 6.92%. Additionally, its Average True Range was 1.45.

During the past 100 days, LyondellBasell Industries NV’s (LYB) raw stochastic average was set at 2.28%, which indicates a significant decrease from 3.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.15% in the past 14 days, which was lower than the 19.07% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $94.13, while its 200-day Moving Average is $96.97. However, in the short run, LyondellBasell Industries NV’s stock first resistance to watch stands at $87.53. Second resistance stands at $87.87. The third major resistance level sits at $88.16. If the price goes on to break the first support level at $86.89, it is likely to go to the next support level at $86.60. Now, if the price goes above the second support level, the third support stands at $86.25.

LyondellBasell Industries NV (NYSE: LYB) Key Stats

With a market capitalization of 28.34 billion, the company has a total of 325,089K Shares Outstanding. Currently, annual sales are 41,107 M while annual income is 2,121 M. The company’s previous quarter sales were 10,558 M while its latest quarter income was 924,000 K.