The stock of Sibanye Stillwater Limited (NYSE:SBSW) is now priced at $12.44 and the shares are 0.13 points up or 1.06% higher compared to its previous closing price of $12.31. The stock had 2.119 million contracts set over the past session. SBSW shares’ daily volume is compared to its average trading volume at 2.392 million shares. However, it has a float of 168 million and although its performance was 6.6% over the week, it’s one to watch. Analysts have given the SBSW stock a yearly average price target of $14.11 per share. It means the stock’s upside potential is 13.42% with the SBSW share price recently placing at $12.29 to $12.74. However, some brokerage firms have priced the stock below the average, including one that has called $6.73.
The shorts are running away from the Sibanye Stillwater Limited stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the SBSW shares have declined. Short interest in the stock represents just 3.41% of its float, but the volume has dropped by 0.
In the last trading session, Sibanye Stillwater Limited (NYSE:SBSW) raised by $0.77 over the week and gained $0.78 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $13.27. The stock recorded its established 52-week high on 02/19/20.
Since 03/19/20, the stock has traded to a low of $3.5 at 255.43%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.67. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Sibanye Stillwater Limited’s two-week RSI is 60.92. This suggests that the stock is neutral at the moment and that SBSW shares’ price movement remains stable. The stochastic readings are equally revealing at 68.3% meaning the SBSW share price is currently in neutral territory.
The technical chart shows that the SBSW stock will likely settle at between $12.69 and $12.94 per share. However, if the stock dips below $12.24, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $12.04.
Currently, the stock is trading in the green of MACD, with a reading of 0.44. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
The average rating for the SBSW equity is 1.6 and is currently gathering a bullish momentum. Of 5 analysts tracking Sibanye Stillwater Limited polled by Reuters, 0 rated SBSW as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (5) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the SBSW stock price is 18.16X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 583.8 above the group’s average of 23.7. Sibanye Stillwater Limited has its P/E ratio at 1, which means that the stock is currently trading at a discount relative to the 2.7 industry average.