In yesterday’s Wall Street session, LyondellBasell Industries NV (NYSE:LYB) shares traded at $72.97, down -2.45% from the previous session.
LYB stock price is now -13.07% away from the 50-day moving average and -22.62% away from the 200-day moving average. The market capitalization of the company currently stands at $23.70B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On February 05, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $95 to quote $100, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Buchanan Robin W.T., Director bought 5,000 shares of the company’s stock on Dec 13 ’24. The stock was bought for $380,300 at an average price of $76.06. Upon completion of the transaction, the Director now directly owns 18,175 shares in the company, valued at $1.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, EVP, Ops Excellence, HSE Friedrichs Dale D sold 4,970 shares of the business’s stock. A total of $480,997 was realized by selling the stock at an average price of $96.78. This leaves the insider owning 34,220 shares of the company worth $2.5 million. A total of 20.33% of the company’s stock is owned by insiders.
During the past 12 months, LyondellBasell Industries NV has had a low of $74.60 and a high of $107.02. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 2.13, and a quick ratio of 1.25. According to the stock market information, the enterprise value for the company is $33948504064, which is based on a 11.11 price-to-earnings ratio, a 3.17 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for LYB is $83.9444 and a two-hundred day moving average price translates $94.3002 for the stock.
The latest earnings results from LyondellBasell Industries NV (NYSE: LYB) was released for 2024-09-30. The net profit margin was 5.28% and return on equity was 16.01% for LYB. The company reported revenue of $10.32 billion for the quarter, compared to $10.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.85 percent.
