Element Solutions Inc (NYSE: ESI) on Tuesday, soared 0.89% from the previous trading day, before settling in for the closing price of $26.84. Within the past 52 weeks, ESI’s price has moved between $17.57 and $27.86.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 4.36%. The company achieved an average annual earnings per share of 10.23%. With a float of $221.90 million, this company’s outstanding shares have now reached $241.53 million.
Considering the fact that the conglomerate employs 5300 people, you should pay attention to its efficiency factor.
Element Solutions Inc (ESI) Breakdown of a Key Holders of the stock
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Element Solutions Inc is 8.33%, while institutional ownership is 93.05%. 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) Recent Fiscal highlights
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.31 earnings per share (EPS) for the period topping the consensus outlook (set at 0.31) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.23% 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 2.69 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 2.81. Likewise, its price to free cash flow for the trailing twelve months is 23.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.60 in one year’s time.
Technical Analysis of Element Solutions Inc (ESI)
Compared to the last year’s volume of 1.41 million, its volume of 1.44 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 36.29%. Additionally, its Average True Range was 0.59.
During the past 100 days, Element Solutions Inc’s (ESI) raw stochastic average was set at 87.89%, which indicates a significant increase from 65.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.84% in the past 14 days, which was higher than the 28.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.69, while its 200-day Moving Average is $22.54. Nevertheless, the first resistance level for the watch stands at $27.23 in the near term. At $27.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.63. If the price goes on to break the first support level at $26.83, it is likely to go to the next support level at $26.58. Now, if the price goes above the second support level, the third support stands at $26.43.
Element Solutions Inc (NYSE: ESI) Key Stats
Market capitalization of the company is 6.55 billion based on 242,064K outstanding shares. Right now, sales total 2,333 M and income totals 118,100 K. The company made 575,000 K in profit during its latest quarter, and 56,000 K in sales during its previous quarter.
