Ingevity Corp (NYSE: NGVT) is -11.80% lower on its value in year-to-date trading and has touched a low of $30.90 and a high of $56.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NGVT stock was last observed hovering at around $35.32 in the last trading session, with the day’s gains setting it 6.33%.
Currently trading at $41.65, the stock is 20.14% and 13.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 17.92% at the moment leaves the stock -3.94% off its SMA200. NGVT registered 3.89% gain for a year compared to 6-month loss of -19.73%. The firm has a 50-day simple moving average (SMA 50) of $36.6668 and a 200-day simple moving average (SMA200) of $43.3595.
The stock witnessed a 9.92% gain in the last 1 month and extending the period to 3 months gives it a -2.32%, and is 31.85% 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 5.77% over the week and 5.03% over the month.
Ingevity Corp (NGVT) has around 1700 employees, a market worth around $1.51B and $1.48B in sales. Fwd P/E is 10.26. Profit margin for the company is -38.11%. Distance from 52-week low is 34.79% and -26.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.97%).
The EPS is expected to shrink by -25.60% this year
369.0 institutions hold shares in Ingevity Corp (NGVT), with institutional investors hold 97.81% of the company’s shares. The shares outstanding are 36.23M, and float is at 35.98M with Short Float at 2.93%. Institutions hold 96.95% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.67 million shares valued at $247.72 million. The investor’s holdings represent 15.6282 of the NGVT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.16 million shares valued at $181.79 million to account for 11.4686 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 2.18 million shares representing 6.0097 and valued at over $95.26 million, while THRIVENT FINANCIAL FOR LUTHERANS holds 3.7491 of the shares totaling 1.36 million with a market value of $59.43 million.
