SunCoke Energy, Inc. (SXC): Take A Look At It Now

The stock of SunCoke Energy, Inc. (NYSE:SXC) has been Initiated to Buy by Seaport Global Securities in its latest research note that was published on April 03. SXC was given a price target of $13, with other Wall Street analysts also giving their reports regarding the stock. Clarksons Platou analysts bumped their recommendation on SXC stock from Neutral to Buy in a separate flash note to investors on February 09. Analysts at FBR & Co. are sticking to their Outperform recommendation. However, on October 21, they lifted target price for these shares to $11 from $9.Analysts at FBR & Co., made their first call for the stock with a Outperform rating, according to a research note that dated back to October 21.

SunCoke Energy, Inc., which has current market capitalization of above $653 Million, published its last quarter earnings on June 30, 2019.

SXC declined by $-0.06 during the normal trading session on Thursday and reaching a high of $7.09 during the day while it closed the day at $7.05. The SunCoke stock had a low trading volume of 0.97 million shares on that day, which is low compared to the average daily volume of 1.26M shares. SXC has also gained 9.64% of its value over the past 7 days. However, the stock has declined by 9.38% in the 3 months of the year. Over the past six months meanwhile, it has lost 22.36% while it has lost 17.54% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -23.12% from its 3 months high price. However, taking another look at SXC will indicate that it is trading +21.34% away from its 90-day low. Looking at the bigger picture, the SunCoke Energy, Inc. stock has dropped by -41.45% from its 52-week high while it has surged by +21.34% from its 52-week low price.

On August 14, 2019 ROWE JOHN W, Director bought 15974 shares of the company. The average price for that transaction was $5.91 per share, which meant that ROWE JOHN W spent $94406.34 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Senior Vice President, Hardesty Phillip Michael selling 4444 shares of this stock on December 01, 2017. The average selling price for the stock was $11.38 per share, with the sold stock accruing $50572.72. Following this transaction, the Senior Vice President Hardesty Phillip Michael now holds 45858 shares of the company, which is worth around $327884.7.

SunCoke has around 102 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $210 Billion. The SunCoke stock is bringing in revenue of over 12 months, which is roughly 81 Billion. Despite all that, SunCoke Energy, Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -4.51%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 36.9%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 92.54%. Over the past 20 days, SunCoke’s Stochastic %K stood at 95.09% while its Stochastic %D was revealed to be 92.52%.