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Friday, September 29, 2023

Are Things Looking Up For Ecovyst Inc. (NYSE: ECVT)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Ecovyst Inc. (ECVT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -1.45%, to $10.20. The Ecovyst Inc. has recorded 14,134 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ecovyst Inc. to Participate in the Jefferies Industrials Conference.

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Stocks Info

The company is listed on the NYSE and operates within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $10.35 and fluctuated between $10.41 as its day high and $10.25 as its day low. The current market capitalization of Ecovyst Inc. is $1.19B. A total of 0.43 million shares were traded on the day, compared to an average of 879.24K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ECVT has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 194,511 shares. Over the last 12 months, there were 25 BUYs and 39 SELLs from insiders. Insiders purchased 576,603 shares during that period but sold 77,488,076.

In the most recent transaction, Feehan Michael bought 5,000 shares of ECVT for 9.67 per share on Aug 23. After the transaction, the insider now owns 340,940 company shares. In a previous transaction on Aug 23, Bitting Kurt bought 3,100 shares at 9.64 per share. ECVT shares that owns now total 415,718.

Among the insiders who sold shares, INEOS Ltd disposed of 14,000,000 shares on May 26 at a per-share price of $10.88. This resulted in the Former 10% Owner holding 10,731,385 shares of ECVT after the transaction. In another insider transaction, CCMP Capital, LP sold 11,490,444 shares at $9.95 per share on Mar 07. Company shares held by the 10% Owner now total 0.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ECVT in the last 3 months, the mean price target is $14.25 with high estimates of $18.00 and low estimates of $12.00. In terms of 52-week highs and lows, ECVT has a high of $12.35 and a low of $8.20.

As of this writing, ECVT has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.17. The company reported an EPS of $0.06 in the last quarter, which was 20.00% higher than expectations of $0.05.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ECVT’s latest balance sheet shows that the firm has $140.90M in Cash & Short Term Investments as of fiscal 2021. There were $911.80M in debt and $145.10M in liabilities at the time. Its Book Value Per Share was $5.63, while its Total Shareholder’s Equity was $740.70M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.43.

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