Are Investors Keen On Selling Holdings In Sibanye Stillwater Limited ADR (NYSE: SBSW)?

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Sibanye Stillwater Limited ADR (NYSE:SBSW) traded at $5.18 at close of the session on Friday, April 05, made an upward move of 1.57% on its previous day’s price.

Looking at the stock we see that its previous close was $5.10 and the beta (5Y monthly) reads 1.41 . In terms of its 52-week price range, SBSW has a high of $9.88 and a low of $3.85. The company’s stock has gained about 16.40% over that past 30 days.

Sibanye Stillwater Limited ADR has a market cap of $3.67 billion. With its Forward Dividend at 0.11 and a yield of 2.15%, the company’s investors could be anxious for the SBSW stock to gain ahead of the earnings release.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $8.45 billion, or -27.50% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SBSW stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.

Looking further, we note the current price level is 12.67% off its SMA20 and 14.41% from its 50-day simple moving average. The RSI (14) is pointing at 65.66 while the volatility over the past week is 4.69% and jumps to 4.58% over the past one month. The beta value is 1.66, while the average true range (ATR) is currently pointing at 0.24.

Coming back to Sibanye Stillwater Limited ADR (NYSE:SBSW), we note that the average 3-month trading volume was 5.64 million, while that of the preceding 10-day period stands at 5.77 million. Current shares outstanding are 707.64 million.

The insiders hold 0.13% of the company’s shares while institutions hold 14.63%. The data shows that short shares as of Mar 15, 2024, stood at 19.65 million at a short ratio of 5.09. This represents a 2.78% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 20.68 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -4.60% down in year-to-date price movement.

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