The stock of Eastman Chemical Co (EMN) has seen a -4.13% decrease in the past week, with a -13.43% drop in the past month, and a -17.15% decrease in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.10% for EMN.. The simple moving average for the past 20 days is -7.03% for EMN’s stock, with a -8.82% simple moving average for the past 200 days.
Is It Worth Investing in Eastman Chemical Co (NYSE: EMN) Right Now?
Eastman Chemical Co (NYSE: EMN) has a price-to-earnings ratio that is above its average at 12.23x. The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for EMN is 115.17M, and at present, short sellers hold a 1.78% of that float. On December 25, 2024, the average trading volume of EMN was 1.04M shares.
EMN) stock’s latest price update
The stock of Eastman Chemical Co (NYSE: EMN) has increased by 0.39 when compared to last closing price of 91.21.Despite this, the company has seen a loss of -4.13% in its stock price over the last five trading days. zacks.com reported 2024-12-19 that EMN benefits from its innovation-driven growth strategy and cost-management actions amid demand headwinds in certain markets.
Analysts’ Opinion of EMN
Many brokerage firms have already submitted their reports for EMN stocks, with Citigroup repeating the rating for EMN by listing it as a “Neutral.” The predicted price for EMN in the upcoming period, according to Citigroup is $104 based on the research report published on December 18, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see EMN reach a price target of $125, previously predicting the price at $110. The rating they have provided for EMN stocks is “Overweight” according to the report published on November 26th, 2024.
BofA Securities gave a rating of “Neutral” to EMN, setting the target price at $119 in the report published on October 16th of the current year.
EMN Trading at -10.25% from the 50-Day Moving Average
After a stumble in the market that brought EMN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.03% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares sank -13.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.06% lower at present.
During the last 5 trading sessions, EMN fell by -3.96%, which changed the moving average for the period of 200-days by -0.11% in comparison to the 20-day moving average, which settled at $98.50. In addition, Eastman Chemical Co saw 1.77% 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 EMN starting from Costa Mark J, who sale 18,278 shares at the price of $105.00 back on Nov 29 ’24. After this action, Costa Mark J now owns 395,699 shares of Eastman Chemical Co, valued at $1,919,190 using the latest closing price.
Holt Adrian James, the SVP, Chf HR Ofcr of Eastman Chemical Co, sale 3,683 shares at $104.88 during a trade that took place back on Dec 03 ’24, which means that Holt Adrian James is holding 0 shares at $386,273 based on the most recent closing price.
Stock Fundamentals for EMN
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.24 for the gross margin
The net margin for Eastman Chemical Co stands at 0.09. The total capital return value is set at 0.1. Equity return is now at value 16.08, with 5.97 for asset returns.
Based on Eastman Chemical Co (EMN), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 5.56.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 2.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 7.01for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
To sum up, Eastman Chemical Co (EMN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
