Element Solutions Inc (ESI) average volume reaches $1.32M: Is Wall Street expecting a rally?

Element Solutions Inc (NYSE: ESI) on Tuesday, plunged -1.28% from the previous trading day, before settling in for the closing price of $24.99. Within the past 52 weeks, ESI’s price has moved between $17.08 and $25.14.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 4.36%. The company achieved an average annual earnings per share of 7.00%. With a float of $221.87 million, this company’s outstanding shares have now reached $241.53 million.

Let’s determine the extent of company efficiency that accounts for 5300 employees.

Element Solutions Inc (ESI) Insider Activity

Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Element Solutions Inc is 8.31%, while institutional ownership is 92.72%. The most recent insider transaction that took place on Feb 28 ’24, was worth 222,300. In this transaction SVP, Electronics of this company sold 9,500 shares at a rate of $23.40, taking the stock ownership to the 36,229 shares. Before that another transaction happened on Feb 15 ’24, when Company’s President and CEO sold 6,579 for $23.20, making the entire transaction worth $152,633. This insider now owns 726,399 shares in total.

Element Solutions Inc (ESI) Earnings and Forecasts

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.32 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.33) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 7.00% per share during the next fiscal year.

Element Solutions Inc (NYSE: ESI) Trading Performance Indicators

Element Solutions Inc (ESI) is currently performing well based on its current performance indicators. A quick ratio of 2.43 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.56. Likewise, its price to free cash flow for the trailing twelve months is 21.09.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.48, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.57 in one year’s time.

Technical Analysis of Element Solutions Inc (ESI)

Looking closely at Element Solutions Inc (NYSE: ESI), its last 5-days average volume was 1.24 million, which is a drop from its year-to-date volume of 1.31 million. As of the previous 9 days, the stock’s Stochastic %D was 77.66%. Additionally, its Average True Range was 0.41.

During the past 100 days, Element Solutions Inc’s (ESI) raw stochastic average was set at 92.56%, which indicates a significant increase from 62.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.73% in the past 14 days, which was lower than the 22.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $23.52, while its 200-day Moving Average is $20.99. However, in the short run, Element Solutions Inc’s stock first resistance to watch stands at $24.85. Second resistance stands at $25.04. The third major resistance level sits at $25.18. If the price goes on to break the first support level at $24.52, it is likely to go to the next support level at $24.38. Should the price break the second support level, the third support level stands at $24.19.

Element Solutions Inc (NYSE: ESI) Key Stats

Market capitalization of the company is 5.97 billion based on 241,993K outstanding shares. Right now, sales total 2,333 M and income totals 118,100 K. The company made 573,400 K in profit during its latest quarter, and 77,100 K in sales during its previous quarter.