On Monday, Ecovyst Inc (NYSE: ECVT) opened lower -3.44% from the last session, before settling in for the closing price of $9.58. Price fluctuations for ECVT have ranged from $8.26 to $12.34 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Basic Materials sector was -8.47%. Company’s average yearly earnings per share was noted 9.70% at the time writing. With a float of $106.19 million, this company’s outstanding shares have now reached $116.12 million.
Considering the fact that the conglomerate employs 911 people, you should pay attention to its efficiency factor.
Ecovyst Inc (ECVT) Insider Activity
A key investor’s attitude towards the stock of the Specialty Chemicals industry is another important factor to consider. The insider ownership of Ecovyst Inc is 9.24%, while institutional ownership is 93.92%. The most recent insider transaction that took place on Mar 22 ’24, was worth 251,307. In this transaction Director of this company sold 24,436 shares at a rate of $10.28, taking the stock ownership to the 67,587 shares. Before that another transaction happened on Aug 23 ’23, when Company’s See Remarks bought 5,000 for $9.67, making the entire transaction worth $48,350. This insider now owns 340,940 shares in total.
Ecovyst Inc (ECVT) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.27) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.03% during the next five years compared to 6.59% growth over the previous five years of trading.
Ecovyst Inc (NYSE: ECVT) Trading Performance Indicators
Check out the current performance indicators for Ecovyst Inc (ECVT). In the past quarter, the stock posted a quick ratio of 2.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.57. Likewise, its price to free cash flow for the trailing twelve months is 10.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.63, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 1.12 in one year’s time.
Technical Analysis of Ecovyst Inc (ECVT)
Compared to the last year’s volume of 0.74 million, its volume of 0.63 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 37.38%. Additionally, its Average True Range was 0.28.
During the past 100 days, Ecovyst Inc’s (ECVT) raw stochastic average was set at 23.08%, which indicates a significant decrease from 34.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.49% in the past 14 days, which was higher than the 30.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.25, while its 200-day Moving Average is $9.52. Nevertheless, the first resistance level for the watch stands at $9.54 in the near term. At $9.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.00. If the price goes on to break the first support level at $9.08, it is likely to go to the next support level at $8.91. Should the price break the second support level, the third support level stands at $8.62.
Ecovyst Inc (NYSE: ECVT) Key Stats
There are currently 117,005K shares outstanding in the company with a market cap of 1.08 billion. Presently, the company’s annual sales total 691,120 K according to its annual income of 71,150 K. Last quarter, the company’s sales amounted to 160,540 K and its income totaled 1,220 K.
