Element Solutions Inc (NYSE: ESI)’s stock price has dropped by -0.67 in relation to previous closing price of 23.98. Nevertheless, the company has seen a gain of 0.21% in its stock price over the last five trading days. Business Wire reported 2024-04-15 that MIAMI–(BUSINESS WIRE)–Element Solutions Inc (NYSE:ESI) (“Element Solutions”) announced today that it intends to release its 2024 first quarter financial results after the market close on Monday, April 29th, 2024. Element Solutions will host a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Tuesday, April 30th, 2024. Participants on the call will include Executive Chairman Sir Martin E. Franklin, Chief Executive Officer Benjamin Gliklich and Chie.
Is It Worth Investing in Element Solutions Inc (NYSE: ESI) Right Now?
Element Solutions Inc (NYSE: ESI) has a higher price-to-earnings ratio of 50.02x compared to its average ratio, The 36-month beta value for ESI is at 1.31. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ESI is 221.87M, and currently, shorts hold a 1.62% of that float. The average trading volume for ESI on April 25, 2024 was 1.28M shares.
ESI’s Market Performance
The stock of Element Solutions Inc (ESI) has seen a 0.21% increase in the past week, with a -3.80% drop in the past month, and a 6.24% gain in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 1.93% for ESI. The simple moving average for the past 20 days is -3.26% for ESI’s stock, with a 11.22% 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 -1.24% 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 unable to rebound, for now settling with -7.71% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -3.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.67% upper at present.
During the last 5 trading sessions, ESI rose by +0.21%, which changed the moving average for the period of 200-days by +26.23% in comparison to the 20-day moving average, which settled at $24.58. In addition, Element Solutions Inc saw 2.94% 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 3.17. 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
In conclusion, Element Solutions Inc (ESI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
