Ingevity Corp (NYSE: NGVT) is 1.08% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NGVT stock was last observed hovering at around $47.51 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $47.73, the stock is 3.91% and 18.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.46% at the moment leaves the stock 9.54% off its SMA200. NGVT registered 23.27% gain for a year compared to 6-month loss of -0.58%. The firm has a 50-day simple moving average (SMA 50) of $39.9776 and a 200-day simple moving average (SMA200) of $43.55625.
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The stock witnessed a 35.14% gain in the last 1 month and extending the period to 3 months gives it a 20.93%, and is 3.22% 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 4.37% over the week and 4.47% over the month.
Ingevity Corp (NGVT) has around 1700 employees, a market worth around $1.73B and $1.48B in sales. Fwd P/E is 11.79. Profit margin for the company is -38.11%. Distance from 52-week low is 54.47% and -15.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.12%).
The EPS is expected to shrink by -27.09% this year
355.0 institutions hold shares in Ingevity Corp (NGVT), with institutional investors hold 102.31% of the company’s shares. The shares outstanding are 36.23M, and float is at 35.99M with Short Float at 3.28%. Institutions hold 101.41% 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.
