Closing Strong: Element Solutions Inc (ESI) Ends at 27.38, Up 1.11 from Last Close

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After finishing at $27.08 in the prior trading day, Element Solutions Inc (NYSE: ESI) closed at $27.38, up 1.11%. In other words, the price has increased by $1.11 from its previous closing price. On the day, 1.09 million shares were traded. ESI stock price reached its highest trading level at $27.545 during the session, while it also had its lowest trading level at $27.09.

Ratios:

Our goal is to gain a better understanding of ESI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.03. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 3.63. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.83.

On June 20, 2023, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $23.

On October 13, 2022, Goldman started tracking the stock assigning a Neutral rating and target price of $20.Goldman initiated its Neutral rating on October 13, 2022, with a $20 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when Fricke Richard L. sold 9,500 shares for $23.40 per share. The transaction valued at 222,300 led to the insider holds 36,229 shares of the business.

Gliklich Benjamin sold 6,579 shares of ESI for $152,633 on Feb 15 ’24. The President and CEO now owns 726,399 shares after completing the transaction at $23.20 per share. On Feb 15 ’24, another insider, D’Ambrisi Joseph J., who serves as the EVP Head of Electronics of the company, sold 1,771 shares for $23.20 each. As a result, the insider received 41,087 and left with 410,077 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ESI now has a Market Capitalization of 6627712000 and an Enterprise Value of 8263407616. As of this moment, Element’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.69, and their Forward P/E ratio for the next fiscal year is 17.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84 while its Price-to-Book (P/B) ratio in mrq is 2.85. Its current Enterprise Value per Revenue stands at 3.541 whereas that against EBITDA is 18.599.

Stock Price History:

Over the past 52 weeks, ESI has reached a high of $27.86, while it has fallen to a 52-week low of $17.57. The 50-Day Moving Average of the stock is 10.32%, while the 200-Day Moving Average is calculated to be 21.09%.

Shares Statistics:

The stock has traded on average 1.49M shares per day over the past 3-months and 1486520 shares per day over the last 10 days, according to various share statistics. A total of 241.53M shares are outstanding, with a floating share count of 221.90M. Insiders hold about 8.33% of the company’s shares, while institutions hold 93.05% stake in the company. Shares short for ESI as of 1718323200 were 5190153 with a Short Ratio of 3.49, compared to 1715731200 on 4035154. Therefore, it implies a Short% of Shares Outstanding of 5190153 and a Short% of Float of 2.32.

Dividends & Splits

In the trailing 12 months, ESI’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.011816839

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