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. Most recently, Yahoo Finance reported about the stock as it publicized that Ecovyst to Host Fourth Quarter 2023 Earnings Conference Call and Webcast on Wednesday, February 28, 2024 at 11:00 a.m. ET.
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Stocks Info
Ecovyst Inc is listed on the NYSE as a member of the Basic Materials sector and is a part of the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $9.90 and fluctuated between $9.94 as its day high and $9.65 as its day low. The current market capitalization of Ecovyst Inc is $1.15B. A total of 0.64 million shares were traded on the day, compared to an average of 617.34K shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ECVT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 6 BUYs and 22 SELLs from insiders. Insiders purchased 45,584 shares during that period but sold 37,215,820.
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 the insider 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.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ECVT in the last 3 months, the mean price target is $13.57 with high estimates of $18.00 and low estimates of $11.00. In terms of 52-week highs and lows, ECVT has a high of $12.35 and a low of $8.26.
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 $0.26 per share and a lower estimate of $0.21. The company reported an EPS of $0.29 in the last quarter, which was 7.40% higher than expectations of $0.27.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $140.89M in Cash & Short Term Investments as of fiscal 2021. There were $926.71M in debt and $145.08M in liabilities at the time. Its Book Value Per Share was $5.84, while its Total Shareholder’s Equity was $740.74M.
Analysts Opinion
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. 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 4.71.
