Element Solutions Inc (NYSE:ESI) traded with an addition of $0.46 to $19.79 on Thursday, an upside of 2.38 percent. An average of 1,140,164 shares of common stock have been traded in the last five days. There was a gain of $0.60 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,225,581 shares traded, while the 50-day average volume stands at 1,314,476.
ESI stock has decreased by -0.35% in the last month. The company shares reached their 1-month lowest point of $18.84 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $15.31 and a high of $21.90 in 52 weeks. It has reached a new high 12 times so far this year and achieved 8.80% or $1.63 in price. In spite of this, the price is down -9.64% from the 52-week high.
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Insider Transactions
ESI stock investors should be aware that Element Solutions Inc (ESI) stock had its last reported insider trading activity 78 days ago on Jun 07. In this transaction, the insider spent $533,960. President and CEO, Gliklich Benjamin, disposed of 8,469 shares at a price of $18.01 on Jun 01. The insider now owns more than $152,527 worth of shares. Prior to that, EVP, CFO Dorman Carey J. went on to Sale 3,656 shares at $18.00 each on Jun 01. An amount of $65,808 was transacted.
Valuation Metrics
Element Solutions Inc (ESI) has a trailing price-to-earnings (P/E) ratio of 35.40. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 2.07, and the price-to-cash flow ratio at 15.08.
The company has a payout ratio of 56.00%. The company’s most recent quarterly dividend payment was $0.08 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday November 18 2021.
Financial Health
The quick ratio of Element Solutions Inc for the three months ended June 29 was 2.40, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.88 and a total debt to equity ratio of 0.89 for the quarter ending June 29. Element Solutions Inc’s EBITDA margin for the year ending June 29 is 19.46%, while its operating margin for the same period stands at 11.00%. Its gross profit as reported stood at $952.7 million compared to revenue of $2.55 billion.
Earnings Surprise
For the three-month period that ended June 29, Element Solutions Inc had $2.03 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $29.9 million in the quarter, while revenues of $42.9 million were shrunk -118.06%. The analyst consensus anticipated Element Solutions Inc’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.31, a 0.00% surprise. For the quarter, EBITDA amounted to $93.7 million. Shareholders own equity worth $241.49 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Element Solutions Inc (ESI) price momentum. RSI 9-day as of the close on 23 August was 52.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.39%.
As of today, ESI’s price is $19.25 +3.12% or $0.60 from its 5-day moving average. ESI is currently trading -3.74% lower than its 20-day SMA and +2.64% higher than its 100-day SMA. However, the stock’s current price level is +3.88% above the SMA50 and +13.32% above the SMA200.
The stochastic %K and %D were 21.79% and 11.66%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 42.98% and the average true range at 0.44, the RSI (14) stands at 50.78%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.49.
Analyst Ratings
BMO Capital Markets launched coverage on Element Solutions Inc (NYSE: ESI) in its analyst report released on June 20, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Element Solutions Inc (ESI) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ESI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.
What is ESI’s price target for the next 12 months?
Analysts predict a range of price targets between $17.00 and $25.00, with a median target of $23.50. Taking a look at these predictions, the average price target given by analysts for Element Solutions Inc (ESI) stock is $22.70.
