Element Solutions Inc (NYSE: ESI) kicked off on Friday, down -1.10% from the previous trading day, before settling in for the closing price of $25.52. Over the past 52 weeks, ESI has traded in a range of $17.57-$28.68.
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A company in the Basic Materials sector has jumped its sales by 4.36% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 11.47%. With a float of $221.98 million, this company’s outstanding shares have now reached $241.53 million.
In an organization with 5300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 41.28%, operating margin of 9.97%, and the pretax margin is 6.99%.
Element Solutions Inc (ESI) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Element Solutions Inc is 8.33%, while institutional ownership is 92.36%. 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 13 ’24, when Company’s Former EVP, Head of I&S sold 11,604 for $23.20, making the entire transaction worth $269,213. This insider now owns 143,446 shares in total.
Element Solutions Inc (ESI) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 11.47% per share during the next fiscal year.
Element Solutions Inc (NYSE: ESI) Trading Performance Indicators
Take a look at Element Solutions Inc’s (ESI) current performance indicators. Last quarter, stock had a quick ratio of 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.59. Likewise, its price to free cash flow for the trailing twelve months is 23.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.80, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.62 in one year’s time.
Technical Analysis of Element Solutions Inc (ESI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was inferior than the volume of 1.33 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.60%. Additionally, its Average True Range was 0.57.
During the past 100 days, Element Solutions Inc’s (ESI) raw stochastic average was set at 37.98%, which indicates a significant increase from 7.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.82% in the past 14 days, which was lower than the 33.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.83, while its 200-day Moving Average is $24.82. However, in the short run, Element Solutions Inc’s stock first resistance to watch stands at $25.50. Second resistance stands at $25.76. The third major resistance level sits at $25.93. If the price goes on to break the first support level at $25.06, it is likely to go to the next support level at $24.89. The third support level lies at $24.63 if the price breaches the second support level.
Element Solutions Inc (NYSE: ESI) Key Stats
The company with the Market Capitalisation of 6.11 billion has total of 242,064K Shares Outstanding. Its annual sales at the moment are 2,333 M in contrast with the sum of 118,100 K annual income. Company’s last quarter sales were recorded 612,700 K and last quarter income was 93,200 K.
