Element Solutions Inc (NYSE: ESI) has a price-to-earnings ratio of 25.67x that is above its average ratio. Additionally, the 36-month beta value for ESI is 1.28. 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.”
The public float for ESI is 222.00M and currently, short sellers hold a 0.78% ratio of that float. The average trading volume of ESI on November 15, 2024 was 1.29M shares.
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ESI) stock’s latest price update
Element Solutions Inc (NYSE: ESI) has experienced a decline in its stock price by -0.95 compared to its previous closing price of 28.51. However, the company has seen a fall of -2.05% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-29 that Element Solutions Inc (NYSE:ESI ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Varun Gokarn – Vice President-Strategy and Integration Ben Gliklich – President and Chief Executive Officer Carey Dorman – Chief Financial Officer Conference Call Participants Josh Spector – UBS John Roberts – Mizuho Mike Harrison – Seaport Research Partners Bhavesh Lodaya – BMO Capital Markets Steve Byrne – Bank of America Jon Tanwanteng – CJS Securities Chris Parkinson – Wolfe Research Mike Leithead – Barclays David Silver – CL King Operator Good morning, ladies and gentlemen, and welcome to Element Solutions Q3 2024 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise.
ESI’s Market Performance
Element Solutions Inc (ESI) has experienced a -2.05% fall in stock performance for the past week, with a 10.79% rise in the past month, and a 10.53% rise in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.68% for ESI. The simple moving average for the last 20 days is 3.20% for ESI’s stock, with a simple moving average of 11.68% for the last 200 days.
Analysts’ Opinion of ESI
Seaport Research Partners, on the other hand, stated in their research note that they expect to see ESI reach a price target of $33. The rating they have provided for ESI stocks is “Buy” according to the report published on October 14th, 2024.
ESI Trading at 6.70% 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 -3.16% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +10.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.16% upper at present.
During the last 5 trading sessions, ESI fell by -2.05%, which changed the moving average for the period of 200-days by +27.04% in comparison to the 20-day moving average, which settled at $27.36. In addition, Element Solutions Inc saw 22.04% 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:
- 0.14 for the present operating margin
- 0.42 for the gross margin
The net margin for Element Solutions Inc stands at 0.11. The total capital return value is set at 0.07. Equity return is now at value 11.38, with 5.28 for asset returns.
Based on Element Solutions Inc (ESI), the company’s capital structure generated 0.44 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 0.79. The interest coverage ratio of the stock is 6.06.
Currently, EBITDA for the company is 431.7 million with net debt to EBITDA at 3.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.49. The receivables turnover for the company is 5.07for 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 3.52.
Conclusion
In conclusion, Element Solutions Inc (ESI) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
