It’s still a bull thesis, just subverted: Element Solutions Inc (ESI)

Element Solutions Inc [ESI] stock prices are up 1.87% to $25.57 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ESI shares have gain 4.20% over the last week, with a monthly amount drifted -7.66%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, BMO Capital Markets started tracking the stock with Outperform rating on June 20, 2023, and set its price target to $23. On October 13, 2022, Goldman initiated with a Neutral rating and assigned a price target of $20 on the stock. Credit Suisse started tracking the stock assigning a Underperform rating and suggested a price target of $15 on October 06, 2022. Barclays upgraded its rating to a Overweight and reduced its price target to $22 on July 11, 2022. CL King started tracking with a Buy rating for this stock on January 24, 2022, and assigned it a price target of $28. In a note dated October 13, 2021, Mizuho initiated an Buy rating and provided a target price of $27 on this stock.

The stock price of Element Solutions Inc [ESI] has been fluctuating between $17.57 and $28.68 over the past year. Currently, Wall Street analysts expect the stock to reach $25.6 within the next 12 months. Element Solutions Inc [NYSE: ESI] shares were valued at $25.57 at the most recent close of the market. An investor can expect a potential return of 0.12% based on the average ESI price forecast.

Analyzing the ESI fundamentals

The Element Solutions Inc [NYSE:ESI] reported sales of 2.36B for trailing twelve months, representing a surge of 4.54%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.33 points at the first support level, and at 25.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.73, and for the 2nd resistance point, it is at 25.90.

Ratios To Look Out For

It’s worth pointing out that Element Solutions Inc [NYSE:ESI]’s Current Ratio is 3.50. On the other hand, the Quick Ratio is 2.60, and the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 2.62, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 31.87.

Transactions by insiders

Recent insider trading involved Fricke Richard L., SVP, Electronics, that happened on Feb 28 ’24 when 9500.0 shares were sold. President and CEO, Gliklich Benjamin completed a deal on Feb 15 ’24 to sell 6579.0 shares. Meanwhile, EVP Head of Electronics D’Ambrisi Joseph J. sold 1771.0 shares on Feb 15 ’24.

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