Analysts predict Ecovyst Inc (ECVT) stock to reach $9 in the next 12 months

A share price of Ecovyst Inc [ECVT] is currently trading at $6.94, up 2.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ECVT shares have gain 0.14% over the last week, with a monthly amount drifted -12.37%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Ecovyst Inc [NYSE: ECVT] stock has seen the most recent analyst activity on September 11, 2023, when Citigroup initiated its Buy rating and assigned the stock a price target of $12. Previously, BWS Financial started tracking the stock with Buy rating on March 23, 2022, and set its price target to $18. On November 29, 2021, Citigroup initiated with a Neutral rating and assigned a price target of $10.80 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $17 on August 16, 2021.

Ecovyst Inc experienced fluctuations in its stock price throughout the past year between $6.02 and $11.35. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Ecovyst Inc [NYSE: ECVT] shares were valued at $6.94 at the most recent close of the market. An investor can expect a potential return of 29.68% based on the average ECVT price forecast.

Analyzing the ECVT fundamentals

Trailing Twelve Months sales for Ecovyst Inc [NYSE:ECVT] were 704.53M which represents 5.32% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.

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 6.79 points at the first support level, and at 6.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.05, and for the 2nd resistance point, it is at 7.15.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Ecovyst Inc [NYSE:ECVT] is 2.64. Further, the Quick Ratio stands at 2.14, while the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.15.

Transactions by insiders

Recent insider trading involved Whittleston Paul, that happened on Aug 07 ’24 when 7800.0 shares were purchased., Koscinski Joseph S. completed a deal on Aug 05 ’24 to buy 4807.0 shares. Meanwhile, Feehan Michael bought 16000.0 shares on Aug 05 ’24.

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