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Why Ecovyst Inc (ECVT) Stock Could See Much Higher Prices Ahead

Ecovyst Inc (NYSE: ECVT) is 14.12% 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 $11.05 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $11.15, the stock is 16.60% and 17.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.90% at the moment leaves the stock 12.09% off its SMA200. ECVT registered 4.30% gain for a year compared to 6-month loss of 14.12%. The firm has a 50-day simple moving average (SMA 50) of $3.06 and a 200-day simple moving average (SMA200) of $10.02.

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The stock witnessed a 16.39% gain in the last 1 month and extending the period to 3 months gives it a 11.17%, and is 9.74% 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 3.52% over the week and 2.99% over the month.

Ecovyst Inc (ECVT) has around 911 employees, a market worth around $1.30B and $691.11M in sales. Current P/E ratio is 18.49 and Fwd P/E is 9.85. Profit margin for the company is 10.31%. Distance from 52-week low is 34.99% and -9.72% 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 100.56% of the company’s shares. The shares outstanding are 116.12M, and float is at 104.37M with Short Float at 1.71%. Institutions hold 90.69% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 9.67 million shares valued at $110.78 million. The investor’s holdings represent 8.29% of the ECVT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 7.23 million shares valued at $82.82 million to account for 6.20% of the shares outstanding. The other top investors are Shapiro Capital Management Company, Inc. which holds 5.46 million shares representing 4.68% and valued at over $62.53 million, while Westwood Holdings Group Inc. holds 4.52% of the shares totaling 5.27 million with a market value of $60.39 million.

Ecovyst Inc (ECVT) Insider Activity

The most recent transaction is an insider sale by Ward Susan F,the company’sDirector. SEC filings show that Ward Susan F sold 24,436 shares of the company’s common stock on Mar 22 ’24 at a price of $10.28 per share for a total of $0.25 million. Following the sale, the insider now owns 67587.0 shares.

Ecovyst Inc disclosed in a document filed with the SEC on Aug 23 ’23 that Feehan Michaelbought a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 23 ’23 and was made at $9.67 per share for $48350.0. Following the transaction, the insider now directly holds 0.34 million shares of the ECVT stock.

Still, SEC filings show that on Aug 23 ’23, Bitting Kurt () acquired 3,100 shares at an average price of $9.64 for $29891.0. The insider now directly holds 415,718 shares of Ecovyst Inc (ECVT).

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