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In the latest session, Element Solutions Inc (NYSE: ESI) closed at $26.10 down -3.05% from its previous closing price of $26.92. In other words, the price has decreased by -$3.05 from its previous closing price. On the day, 1.94 million shares were traded. ESI stock price reached its highest trading level at $27.2 during the session, while it also had its lowest trading level at $25.81.
Ratios:
For a deeper understanding of Element Solutions Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.91. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 6516360704 and an Enterprise Value of 7953410048. As of this moment, Element’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.27, and their Forward P/E ratio for the next fiscal year is 16.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 3.37 whereas that against EBITDA is 16.335.
Stock Price History:
Over the past 52 weeks, ESI has reached a high of $28.68, while it has fallen to a 52-week low of $17.57. The 50-Day Moving Average of the stock is 0.51%, while the 200-Day Moving Average is calculated to be 12.22%.
Shares Statistics:
For the past three months, ESI has traded an average of 1.48M shares per day and 1394060 over the past ten days. 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 95.83% stake in the company. Shares short for ESI as of 1721001600 were 2356189 with a Short Ratio of 1.59, compared to 1718323200 on 5190153. Therefore, it implies a Short% of Shares Outstanding of 2356189 and a Short% of Float of 1.06.
Dividends & Splits
According to the company, the forward annual dividend rate for ESI is 0.32, from 0.16 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0059435363
