Before You Invest, Make Sure You Check This Sasol Limited (NYSE: SSL) Analysis

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Sasol Limited (NYSE:SSL) traded at $15.30 at close of the session on Friday, July 2, made a downward move of -1.73% on its previous day’s price.

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Looking at the stock we see that its previous close was $15.57 with the day’s price range being $15.19 – $15.66. In terms of its 52-week price range, SSL has a high of $17.98 and a low of $4.55. The company’s stock has lost about -10.11% over that past 30 days.

Sasol Limited has a market cap of $9.94 billion. With its Forward Dividend at 0.93 and a yield of 6.05%, the company’s investors could be anxious for the SSL stock to gain ahead of the earnings release.

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 SSL stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Sasol Limited (SSL) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -5.30% off its SMA20 and -7.30% from its 50-day simple moving average. The RSI (14) is pointing at 42.81 while the volatility over the past week is 2.42% and jumps to 2.29% over the past one month. The beta value is 3.84, while the average true range (ATR) is currently pointing at 0.54. The average price target for the stock over the next 12 months is $19.69, with the estimates having a low of $13.94 and a high of $22.82. These price ends are 8.89% and -49.15% off the current price level respectively, although investors could be excited at the prospect of a -34.38% if the SSL share price touches on the median price of $20.56.

Let’s briefly compare Sasol Limited (SSL) stock to its peers. We find that current price change of -1.73% and 95.15% over the past 12 months for SSL competes that of TotalEnergies SE (TTE), which has seen its stock price fall -0.04% in the last trading session and was 17.55% over the last one year. Another of its peers Huntsman Corporation (HUN) has gained 0.04% previous session, and was 48.66% up over the past year. . In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.75% and 0.44%, respectively, at close of the trading.

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Coming back to Sasol Limited (NYSE:SSL), we note that the average 3-month trading volume was 501.55K. Current shares outstanding are 619.01 million.

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The institutions hold 1.60%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 72.69% up in year-to-date price movement.