SunCoke Energy, Inc. (NYSE:SXC) is -0.15 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -2.43% to $6.03 from its previous close of $6.18. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 117234 contracts so far this session. SXC shares had a relatively better volume day versus average trading capacity of 1.1 million shares, but with a 81.18 million float and a 0.65% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SXC stock indicates that the average analyst price target is $8.5 per share. This means the stock has a potential increase of 40.96% from where the SXC share price has been trading recently.
During the recent trading session for SunCoke Energy, Inc. (NYSE:SXC), the company witnessed their stock rise $0.11 over a week and surge $0.06 from the price 20 days ago. When compared to their established 52-week high of $10.38, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/21/19. The recent low of $4.55 stood for a -41.91% since 11/18/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.15 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for SunCoke Energy, Inc., the two-week RSI stands at 51.64. This figure suggests that SXC stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SXC readings is similarly very revealing as it has a stochastic reading of 73.13% at this stage. This figure means that SXC share price today is being oversold.
Technical chart claims that SunCoke Energy, Inc. (SXC) would settle between $6.27/share to $6.35/share level. However, if the stock price goes below the $6.08 mark, then the market for SunCoke Energy, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $5.97 for its downside target.
Analysts at The Benchmark Company, assumed coverage of SXC assigning Hold rating, according to their opinion released on February 06. B. Riley FBR analysts bumped their rating on SunCoke Energy, Inc. (NYSE:SXC) stock from Neutral to Buy in a separate flash note issued to investors on December 05. Analysts at B. Riley FBR lowered the stock to a Neutral call from its previous Buy recommendation, in a research note that dated back to September 30.
SXC equity has an average rating of 2, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated SunCoke Energy, Inc. (NYSE:SXC) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SXC stock price is currently trading at 14.27X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 3.2. SunCoke Energy, Inc. current P/B ratio of 1.1 means it is trading at a discount against its industry’s 1.2.
SunCoke Energy, Inc. (SXC)’s current-quarter revenues are projected to climb by nearly -20.1% to hit $312600, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -14.8% from $1.6 billion to a noteworthy $1.36 billion. At the other end of the current quarter income statement, SunCoke Energy, Inc. is expected to see its adjusted earnings surge by roughly -33.3% to hit $0.1 per share. For the fiscal year, SXC’s earnings are projected to climb by roughly 62.1% to hit $0.47 per share.