The stock price of Trinseo PLC (NYSE: TSE) has dropped by -12.30 compared to previous close of 5.53. Despite this, the company has seen a fall of -20.10% in its stock price over the last five trading days. zacks.com reported 2024-10-03 that Trinseo (TSE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Is It Worth Investing in Trinseo PLC (NYSE: TSE) Right Now?
Additionally, the 36-month beta value for TSE is 1.62. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TSE is 33.42M and currently, short sellers hold a 2.07% ratio of that float. The average trading volume of TSE on October 24, 2024 was 468.12K shares.
TSE’s Market Performance
The stock of Trinseo PLC (TSE) has seen a -20.10% decrease in the past week, with a -3.39% drop in the past month, and a 78.97% gain in the past quarter. The volatility ratio for the week is 7.98%, and the volatility levels for the past 30 days are at 10.18% for TSE. The simple moving average for the past 20 days is -18.51% for TSE’s stock, with a 21.53% simple moving average for the past 200 days.
Analysts’ Opinion of TSE
Many brokerage firms have already submitted their reports for TSE stocks, with Jefferies repeating the rating for TSE by listing it as a “Hold.” The predicted price for TSE in the upcoming period, according to Jefferies is $9 based on the research report published on October 04, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see TSE reach a price target of $34, previously predicting the price at $42. The rating they have provided for TSE stocks is “Hold” according to the report published on August 11th, 2022.
Deutsche Bank gave a rating of “Buy” to TSE, setting the target price at $60 in the report published on March 30th of the previous year.
TSE Trading at 2.37% from the 50-Day Moving Average
After a stumble in the market that brought TSE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.07% of loss for the given period.
Volatility was left at 10.18%, however, over the last 30 days, the volatility rate increased by 7.98%, as shares sank -2.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +93.23% upper at present.
During the last 5 trading sessions, TSE fell by -20.10%, which changed the moving average for the period of 200-days by -34.19% in comparison to the 20-day moving average, which settled at $5.95. In addition, Trinseo PLC saw -42.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TSE starting from COTE JEFFREY J, who purchase 100,000 shares at the price of $2.81 back on Aug 16 ’24. After this action, COTE JEFFREY J now owns 100,000 shares of Trinseo PLC, valued at $281,000 using the latest closing price.
COTE JEFFREY J, the Director of Trinseo PLC, purchase 50,600 shares at $3.39 during a trade that took place back on Aug 19 ’24, which means that COTE JEFFREY J is holding 150,600 shares at $171,534 based on the most recent closing price.
Stock Fundamentals for TSE
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.05 for the gross margin
The net margin for Trinseo PLC stands at -0.13. The total capital return value is set at -0.03. Equity return is now at value -5162.41, with -14.40 for asset returns.
Based on Trinseo PLC (TSE), the company’s capital structure generated 1.22 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at -5.59. The interest coverage ratio of the stock is -0.32.
Currently, EBITDA for the company is 84.6 million with net debt to EBITDA at 21.63. When we switch over and look at the enterprise to sales, we see a ratio of 0.68. The receivables turnover for the company is 6.53for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In conclusion, Trinseo PLC (TSE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
