Ingevity Corp [NGVT] stock prices are up 1.59% to $47.20 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NGVT shares have gain 24.21% over the last week, with a monthly amount glided 5.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ingevity Corp [NYSE: NGVT] stock has seen the most recent analyst activity on August 07, 2024, when CJS Securities upgraded its rating to a Market Outperform but kept the price target unchanged to $58 for it. Previously, Jefferies upgraded its rating to Buy on April 22, 2024, and elevated its price target to $62. On November 06, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $49 on the stock. Loop Capital downgraded its rating to a Hold and decreased its price target to $53 on October 03, 2023. BMO Capital Markets downgraded its rating to a Market Perform and reduced its price target to $60 on August 07, 2023. Loop Capital upgraded its rating to Buy for this stock on July 27, 2023, and upped its price target to $75. In a note dated May 05, 2023, Loop Capital downgraded an Hold rating on this stock and revised its target price from $92 to $64.
The stock price of Ingevity Corp [NGVT] has been fluctuating between $30.90 and $56.29 over the past year. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. Ingevity Corp [NYSE: NGVT] shares were valued at $47.20 at the most recent close of the market. An investor can expect a potential drop of -0.42% based on the average NGVT price forecast.
Analyzing the NGVT fundamentals
The Ingevity Corp [NYSE:NGVT] reported sales of 1.48B for trailing twelve months, representing a drop of -15.53%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at -0.47%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -1.33 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.26.
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 46.22 points at the first support level, and at 45.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.95, and for the 2nd resistance point, it is at 48.69.
Ratios To Look Out For
It’s worth pointing out that Ingevity Corp [NYSE:NGVT]’s Current Ratio is 1.76. In addition, the Quick Ratio stands at 1.04 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 8.00.
Transactions by insiders
Recent insider trading involved Cozad Stacy, Officer, that happened on Aug 19 ’24 when 9256.0 shares were purchased.
