Ecovyst Inc (NYSE: ECVT) is 7.68% higher on its value in year-to-date trading and has touched a low of $8.26 and a high of $12.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ECVT stock was last observed hovering at around $10.34 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $10.52, the stock is 11.74% and 12.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.32 million and changing 1.74% at the moment leaves the stock 5.76% off its SMA200. ECVT registered 3.14% gain for a year compared to 6-month gain of 6.16%. The firm has a 50-day simple moving average (SMA 50) of $2.96 and a 200-day simple moving average (SMA200) of $9.67.
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The stock witnessed a 5.94% loss in the last 1 month and extending the period to 3 months gives it a 6.05%, and is 15.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.36% over the week and 3.13% over the month.
Ecovyst Inc (ECVT) has around 911 employees, a market worth around $1.23B and $691.11M in sales. Current P/E ratio is 17.45 and Fwd P/E is 9.29. Profit margin for the company is 10.31%. Distance from 52-week low is 27.36% and -14.82% from its 52-week high. The company has generated returns on investments over the last 12 months (4.49%).
Ecovyst Inc quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $169.1M over the same period.The EPS is expected to grow by 14.99% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 5.10% in year-over-year returns.
Ecovyst Inc (ECVT) Top Institutional Holders
235 institutions hold shares in Ecovyst Inc (ECVT), with institutional investors hold 100.58% of the company’s shares. The shares outstanding are 116.12M, and float is at 104.34M with Short Float at 1.25%. Institutions hold 90.69% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 10.7 million shares valued at $112.6 million. The investor’s holdings represent 9.15% of the ECVT Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 8.31 million shares valued at $87.4 million to account for 7.10% of the shares outstanding. The other top investors are Hotchkis & Wiley Capital Management, LLC which holds 6.66 million shares representing 5.69% and valued at over $70.08 million, while Dimensional Fund Advisors LP holds 4.98% of the shares totaling 5.82 million with a market value of $61.27 million.
Ecovyst Inc (ECVT) Insider Activity
The most recent transaction is an insider purchase by Feehan Michael. SEC filings show that Feehan Michael bought 5,000 shares of the company’s common stock on Aug 23 ’23 at a price of $9.67 per share for a total of $48350.0. Following the purchase, the insider now owns 0.34 million shares.
Ecovyst Inc disclosed in a document filed with the SEC on Aug 23 ’23 that Bitting Kurtbought a total of 3,100 shares of the company’s common stock. The trade occurred on Aug 23 ’23 and was made at $9.64 per share for $29891.0. Following the transaction, the insider now directly holds 0.42 million shares of the ECVT stock.
Still, SEC filings show that on May 26 ’23, INEOS Ltd (Former 10% Owner) disposed off 14,000,000 shares at an average price of $10.88 for $152.33 million. The insider now directly holds 10,731,385 shares of Ecovyst Inc (ECVT).
