Element Solutions Inc (NYSE: ESI) has experienced a decline in its stock price by -0.70 compared to its previous closing price of 25.67. However, the company has seen a fall of -1.16% in its stock price over the last five trading days. benzinga.com reported 2024-10-14 that Shares of Element Solutions Inc ESI were climbing in early trading on Monday.
Is It Worth Investing in Element Solutions Inc (NYSE: ESI) Right Now?
The price-to-earnings ratio for Element Solutions Inc (NYSE: ESI) is above average at 31.77x. The 36-month beta value for ESI is also noteworthy at 1.29. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ESI is 221.98M, and at present, short sellers hold a 0.83% of that float. The average trading volume of ESI on October 17, 2024 was 1.21M shares.
ESI’s Market Performance
ESI stock saw a decrease of -1.16% in the past week, with a monthly decline of -0.78% and a quarterly a decrease of -4.57%. The volatility ratio for the week is 2.06%, and the volatility levels for the last 30 days are 2.12% for Element Solutions Inc (ESI). The simple moving average for the last 20 days is -2.46% for ESI’s stock, with a simple moving average of 2.83% for the last 200 days.
Analysts’ Opinion of ESI
Many brokerage firms have already submitted their reports for ESI stocks, with Seaport Research Partners repeating the rating for ESI by listing it as a “Buy.” The predicted price for ESI in the upcoming period, according to Seaport Research Partners is $33 based on the research report published on October 14, 2024 of the current year 2024.
BMO Capital Markets gave a rating of “Outperform” to ESI, setting the target price at $23 in the report published on June 20th of the previous year.
ESI Trading at -1.19% 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 -11.14% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares surge +0.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.87% upper at present.
During the last 5 trading sessions, ESI fell by -1.16%, which changed the moving average for the period of 200-days by +10.16% in comparison to the 20-day moving average, which settled at $26.13. In addition, Element Solutions Inc saw 10.16% 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.
Goralski Michael, the Former EVP, Head of I&S of Element Solutions Inc, sale 11,604 shares at $23.20 during a trade that took place back on Feb 13 ’24, which means that Goralski Michael is holding 143,446 shares at $269,213 based on the most recent closing price.
Stock Fundamentals for ESI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.41 for the gross margin
The net margin for Element Solutions Inc stands at 0.08. The total capital return value is set at 0.05. Equity return is now at value 8.28, with 3.86 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 0.17. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 4.38.
Currently, EBITDA for the company is 420.3 million with net debt to EBITDA at 3.35. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 4.91for 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 3.50.
Conclusion
In summary, Element Solutions Inc (ESI) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
