Huntsman Corporation (HUN): What’s the Story?

Huntsman Corporation (HUN) is an interesting player in the Basic Materials space, with a focus on Chemicals – Major Diversified. The stock has been active on the tape, currently trading at $28.97, down from yesterday’s close by -0.89%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Huntsman Corporation (HUN) currently trades with a market capitalization of $7.27 Billion. That value represents a market adjusting for revenues that have been growing by 15.70 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $937 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.8 on a per share basis this quarter. Perhaps, that suggests something about why 3.85% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how HUN has been acting. Looking at the stock’s movement on the chart, Huntsman Corporation recorded a 52-week high of $36.09. It is now trading 7.12% off that level. The stock is trading $31.39 its 50-day moving average by 2.42%. The stock carved out a 52-week low down at $23.12.

In recent action, Huntsman Corporation (HUN) has made a move of -11.46% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.78% with $209.17 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HUN.

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