Sasol Ltd ADR (NYSE: SSL) Stock Is A Good Option To Consider

Sasol Ltd ADR (NYSE:SSL) shares, rose in value, with the stock price up by 1.02% to the previous day’s close as strong demand from buyers drove the stock to $6.93.

Actively observing the price movement in the last trading, the stock closed the session at $6.86. The PE ratio was 29.91 over 12-month period. Referring to stock’s 52-week performance, its high was $14.49, and the low was $6.78. On the whole, SSL has fluctuated by -9.41% over the past month.

The company’s Forward Dividend Ratio is 0.63, with its dividend yield at 9.10%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SSL currently trading nearly -14.83% and -11.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.57, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.69%. Furthermore, Sasol Ltd ADR (SSL)’s beta value is 2.46, and its average true range (ATR) is 0.33.

A comparison of Sasol Ltd ADR (SSL) with its peers suggests the former has fared considerably weaker in the market. SSL showed an intraday change of 1.02% in last session, and over the past year, it shrunk by -45.22%%.

Data on historical trading for Sasol Ltd ADR (NYSE:SSL) indicates that the trading volumes over the past 3 months, they’ve averaged 698.72K. According to company’s latest data on outstanding shares, there are 634.34 million shares outstanding.

Nearly 0.00% of Sasol Ltd ADR’s shares belong to company insiders and institutional investors own 1.25% of the company’s shares. The stock has fallen by -30.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSL stock heading into the next quarter.

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