Element Solutions Inc (NYSE: ESI)’s stock price has increased by 1.42 compared to its previous closing price of 25.35. However, the company has seen a 4.22% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-21 that Element Solutions (ESI) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Element Solutions Inc (NYSE: ESI) Right Now?
Element Solutions Inc (NYSE: ESI) has a price-to-earnings ratio that is above its average at 53.99x. The stock has a 36-month beta value of 1.31. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ESI is 221.87M, and at present, short sellers hold a 1.71% of that float. On April 10, 2024, the average trading volume of ESI was 1.34M shares.
ESI’s Market Performance
ESI stock saw an increase of 4.22% in the past week, with a monthly gain of 7.35% and a quarterly increase of 13.86%. The volatility ratio for the week is 2.19%, and the volatility levels for the last 30 days are 1.68% for Element Solutions Inc (ESI). The simple moving average for the past 20 days is 4.56% for ESI’s stock, with a 21.81% simple moving average for the past 200 days.
Analysts’ Opinion of ESI
BMO Capital Markets, on the other hand, stated in their research note that they expect to see ESI reach a price target of $23. The rating they have provided for ESI stocks is “Outperform” according to the report published on June 20th, 2023.
Goldman gave a rating of “Neutral” to ESI, setting the target price at $20 in the report published on October 13th of the previous year.
ESI Trading at 8.47% from the 50-Day Moving Average
After a stumble in the market that brought ESI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.86% of gains for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +7.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.17% upper at present.
During the last 5 trading sessions, ESI rose by +4.22%, which changed the moving average for the period of 200-days by +40.03% in comparison to the 20-day moving average, which settled at $24.68. In addition, Element Solutions Inc saw 11.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ESI starting from Fricke Richard L., who sale 9,500 shares at the price of $23.40 back on Feb 28 ’24. After this action, Fricke Richard L. now owns 36,229 shares of Element Solutions Inc, valued at $222,300 using the latest closing price.
Gliklich Benjamin, the President and CEO of Element Solutions Inc, sale 6,579 shares at $23.20 during a trade that took place back on Feb 15 ’24, which means that Gliklich Benjamin is holding 726,399 shares at $152,633 based on the most recent closing price.
Stock Fundamentals for ESI
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.39 for the gross margin
The net margin for Element Solutions Inc stands at 0.05. The total capital return value is set at 0.04. Equity return is now at value 4.98, with 2.35 for asset returns.
Based on Element Solutions Inc (ESI), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.83. The interest coverage ratio of the stock is 3.52.
Currently, EBITDA for the company is 420.3 million with net debt to EBITDA at 3.56. When we switch over and look at the enterprise to sales, we see a ratio of 3.37. The receivables turnover for the company is 5.05for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.
Conclusion
To sum up, Element Solutions Inc (ESI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
