Market Recap Check: Trinseo PLC (TSE)’s Positive Finish at 3.14, Up/Down 6.08

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The price of Trinseo PLC (NYSE: TSE) closed at $3.14 in the last session, up 6.08% from day before closing price of $2.96. In other words, the price has increased by $6.08 from its previous closing price. On the day, 0.64 million shares were traded. TSE stock price reached its highest trading level at $3.15 during the session, while it also had its lowest trading level at $2.915.

Ratios:

We take a closer look at TSE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.63.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on October 04, 2023, Downgraded its rating to Hold and sets its target price to $9 from $22 previously.

On August 11, 2022, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $42 to $34.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 14 ’23 when FARRELL MATTHEW bought 50,000 shares for $7.21 per share. The transaction valued at 360,500 led to the insider holds 79,510 shares of the business.

Stasse David Phillip bought 15,000 shares of TSE for $133,350 on Sep 14 ’23. The EVP AND CFO now owns 105,552 shares after completing the transaction at $8.89 per share. On Sep 13 ’23, another insider, Desmond Jeanmarie F., who serves as the Director of the company, bought 2,500 shares for $7.94 each. As a result, the insider paid 19,850 and bolstered with 19,128 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, TSE now has a Market Capitalization of 110823792 and an Enterprise Value of 2305223936. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 0.643 whereas that against EBITDA is 17.319.

Stock Price History:

The Beta on a monthly basis for TSE is 1.59, which has changed by -0.7835975 over the last 52 weeks, in comparison to a change of 0.26159418 over the same period for the S&P500. Over the past 52 weeks, TSE has reached a high of $18.63, while it has fallen to a 52-week low of $2.59. The 50-Day Moving Average of the stock is -12.91%, while the 200-Day Moving Average is calculated to be -53.39%.

Shares Statistics:

According to the various share statistics, TSE traded on average about 389.61K shares per day over the past 3-months and 383820 shares per day over the past 10 days. A total of 35.20M shares are outstanding, with a floating share count of 33.76M. Insiders hold about 4.35% of the company’s shares, while institutions hold 83.32% stake in the company. Shares short for TSE as of 1714435200 were 2118048 with a Short Ratio of 5.44, compared to 1711584000 on 1171670. Therefore, it implies a Short% of Shares Outstanding of 2118048 and a Short% of Float of 7.79.

Dividends & Splits

The forward annual dividend rate for TSE is 0.04, which was 0.04 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.013513513The stock’s 5-year Average Dividend Yield is 4.47.

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