Bullish Or Bearish For Sibanye Stillwater Limited ADR (NYSE: SBSW) In 2024

Sibanye Stillwater Limited ADR (NYSE:SBSW) shares, rose in value on Thursday, April 25, with the stock price down by -1.64% to the previous day’s close as strong demand from buyers drove the stock to $4.80.

Actively observing the price movement in the recent trading, the stock is buoying the session at $4.88. Referring to stock’s 52-week performance, its high was $9.88, and the low was $3.85. On the whole, SBSW has fluctuated by 7.38% over the past month.

The company’s Forward Dividend Ratio is 0.11, with its dividend yield at 2.32%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SBSW’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 75% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SBSW currently trading nearly -6.48% and 2.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.95, while the 7-day volatility ratio is showing 3.19% which for the 30-day chart, stands at 4.54%. Furthermore, Sibanye Stillwater Limited ADR (SBSW)’s beta value is 1.65, and its average true range (ATR) is 0.26.

A comparison of Sibanye Stillwater Limited ADR (SBSW) with its peers suggests the former has fared considerably weaker in the market. SBSW showed an intraday change of -1.64% in today’s session so far, and over the past year, it shrunk by -45.39%%.

Data on historical trading for Sibanye Stillwater Limited ADR (NYSE:SBSW) indicates that the trading volumes over the past 3 months, they’ve averaged 6.19 million. According to company’s latest data on outstanding shares, there are 707.64 million shares outstanding.

Nearly 0.13% of Sibanye Stillwater Limited ADR’s shares belong to company insiders and institutional investors own 14.75% of the company’s shares. The stock has fallen by -11.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SBSW stock heading into the next quarter.

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