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Sunday, April 2, 2023

Ecovyst Inc. (NYSE: ECVT) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Ecovyst Inc. (ECVT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $10.09. The Ecovyst Inc. has recorded 189,118 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Ecovyst Announces Secondary Offering of 11,490,444 Shares of Common Stock by Selling Stockholders and Repurchase of Common Stock.

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Stocks Info

Ecovyst Inc. is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $10.09 and fluctuated between $10.27 as its day high and $9.98 as its day low. The current market capitalization of Ecovyst Inc. is $1.25B. A total of 1.43 million shares were traded on the day, compared to an average of 848.06K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ECVT has seen 16 BUY and 3 SELL insider trades, representing the acquisition of 452,236 and the disposition of 22,256 shares. Over the last 12 months, there were 40 BUYs and 45 SELLs from insiders. Insiders purchased 840,801 shares during that period but sold 70,172,286.

In the most recent transaction, CCMP Capital, LP sold 11,490,444 shares of ECVT for 9.95 per share on Mar 07. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Mar 07, CCMP Capital, LP sold 11,490,444 shares at 9.95 per share. ECVT shares that 10% Owner owns now total 0.

Among the insiders who bought shares, Vann Kyle D acquired of 10,000 shares on Mar 03 at a per-share price of $11.02. This resulted in the Director holding 182,320 shares of ECVT after the transaction. In another insider transaction, Ginns Jonny bought 40,402 shares at $9.09 per share on Dec 07. Company shares held by the Director now total 193,245.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. ECVT’s most recent ex-dividend date was 8/11/2021 when it declared a $3.20 quarterly dividend that was paid in cash on 8/23/2021.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ECVT in the last 3 months, the mean price target is $15.58 with high estimates of $18.00 and low estimates of $14.00. In terms of 52-week highs and lows, ECVT has a high of $12.05 and a low of $8.20.

As of this writing, ECVT has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.46 per share and a lower estimate of $0.17. The company reported an EPS of $0.22 in the last quarter, which was 22.20% higher than expectations of $0.18.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ECVT is Overweight with a score of 4.33. A total of 4 analysts rated the stock as Buy while 2 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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