SXT Stock Summary and Trading Ideas (Sensient Technologies | NYSE:SXT)

Sensient Technologies Corp manufactures and markets natural and synthetic colors, flavors, and other specialty ingredients. The company has a widespread network of facilities around the globe, and its customers operate across a variety of end markets. Sensient's offerings are predominantly applied to consumer-facing products, including food and beverage, cosmetics and pharmaceuticals, nutraceuticals, and personal care industries. The company's principal products are flavors, flavor enhancers, ingredients, extracts, and bionutrients, essential oils, dehydrated vegetables and other food ingredients, natural and synthetic food and beverage colors, and others. The company's three reportable segments were the Flavors & Extracts Group, the Color Group, and the Asia Pacific Group.

Sensient Technologies trades on the NYSE stock market under the symbol SXT.

As of May 14, 2024, SXT stock price declined to $75.36 with 46,727 million shares trading.

SXT has a beta of 0.73, meaning it tends to be less sensitive to market movements. SXT has a correlation of 0.11 to the broad based SPY ETF.

SXT has a market cap of $3.19 billion. This is considered a Mid Cap stock.

Last quarter Sensient Technologies reported $385 million in Revenue and $.79 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.09.

In the last 3 years, SXT stock traded as high as $106.32 and as low as $52.90.

The top ETF exchange traded funds that SXT belongs to (by Net Assets): IJR, VTI, VB, IWM, FVD.

SXT stock has underperformed the market in the last year with a return of +4.6%, while SPY returned +28.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SXT shares. However, SXT has outperformed the market in the last 3 month and 2 week periods, returning +23.8% and +4.3%, while SPY returned +5.8% and +2.2%, respectively. This indicates SXT has been having a stronger performance recently.

SXT support price is $74.56 and resistance is $76.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SXT stock will trade within this expected range on the day.