Eastman Chemical Co (EMN) surge 3.58% in a week: will this be a lucky break through?

Witnessing the stock’s movement on the chart, on Wednesday, Eastman Chemical Co (NYSE: EMN) set off with pace as it heaved 1.76% to $99.03, before settling in for the price of $97.32 at the close. Taking a more long-term approach, EMN posted a 52-week range of $68.89-$105.98.

In the past 5-years timespan, the Basic Materials sector firm’s annual sales growth was -1.09%. Meanwhile, its Annual Earning per share during the time was -0.19%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 20.14%. This publicly-traded company’s shares outstanding now amounts to $117.29 million, simultaneously with a float of $116.02 million. The organization now has a market capitalization sitting at $11.57 billion. At the time of writing, stock’s 50-day Moving Average stood at $98.03, while the 200-day Moving Average is $92.43.

Eastman Chemical Co (EMN) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Specialty Chemicals industry. Eastman Chemical Co’s current insider ownership accounts for 0.72%, in contrast to 88.38% institutional ownership. According to the most recent insider trade that took place on Jun 03 ’24, this organization’s SVP, Chf HR Ofcr sold 1,975 shares at the rate of 99.22, making the entire transaction reach 195,960 in total value, affecting insider ownership by 0. Preceding that transaction, on May 15 ’24, Company’s EVP & CCO sold 23,028 for 100.51, making the whole transaction’s value amount to 2,314,544. This particular insider is now the holder of 68,793 in total.

Eastman Chemical Co (EMN) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.79 per share during the current fiscal year.

Eastman Chemical Co’s EPS increase for this current 12-month fiscal period is 20.14% and is forecasted to reach 8.95 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.08% through the next 5 years, which can be compared against the -0.19% growth it accomplished over the previous five years trading on the market.

Eastman Chemical Co (NYSE: EMN) Trading Performance Indicators

Let’s observe the current performance indicators for Eastman Chemical Co (EMN). It’s Quick Ratio in the last reported quarter now stands at 0.71. The Stock has managed to achieve an average true range (ATR) of 2.14. Alongside those numbers, its PE Ratio stands at $13.31, and its Beta score is 1.46. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.27. Similarly, its price to free cash flow for trailing twelve months is now 19.22.

In the same vein, EMN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 7.44, a figure that is expected to reach 2.13 in the next quarter, and analysts are predicting that it will be 8.95 at the market close of one year from today.

Technical Analysis of Eastman Chemical Co (EMN)

Going through the that latest performance of [Eastman Chemical Co, EMN]. Its last 5-days volume of 0.6 million was inferior to the volume of 0.98 million it revealed a year ago. During the previous 9 days, stock’s Stochastic%D was recorded 79.17% While, its Average True Range was 2.03.

Raw Stochastic average of Eastman Chemical Co (EMN) in the period of the previous 100 days is set at 44.53%, which indicates a major fall in contrast to 78.89% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 30.11% that was higher than 23.09% volatility it exhibited in the past 100-days period.