Ecovyst Inc (ECVT) Outlook Starting To Look Brighter?

Ecovyst Inc (ECVT) concluded trading on Thursday at a closing price of $7.96, with 4.5 million shares of worth about $35.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.04% during that period and on August 01, 2024 the price saw a loss of about -16.56%. Currently the company’s common shares owned by public are about 116.12M shares, out of which, 106.19M shares are available for trading.

Stock saw a price change of -17.26% in past 5 days and over the past one month there was a price change of -10.36%. Year-to-date (YTD), ECVT shares are showing a performance of -18.53% which decreased to -35.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.26 but also hit the highest price of $12.34 during that period. The average intraday trading volume for Ecovyst Inc shares is 762.01K. The stock is currently trading -15.06% below its 20-day simple moving average (SMA20), while that difference is down -13.84% for SMA50 and it goes to -16.37% lower than SMA200.

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Ecovyst Inc (NYSE: ECVT) currently have 116.12M outstanding shares and institutions hold larger chunk of about 93.81% of that.

The stock has a current market capitalization of $931.32M and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 12.73, while it has posted earnings per share of $0.63 in the same period. Its PEG reads 0.55 and has Quick Ratio of 2.01 while making debt-to-equity ratio of 1.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ECVT, volatility over the week remained 5.73% while standing at 3.42% over the month.

Stock’s fiscal year EPS is expected to rise by 6.85% while it is estimated to increase by 32.85% in next year. EPS is likely to grow at an annualized rate of 23.03% for next 5-years, compared to annual growth of 6.59% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 11, 2023 offering a Buy rating for the stock and assigned a target price of $12 to it. Coverage by BWS Financial stated Ecovyst Inc (ECVT) stock as a Buy in their note to investors on March 23, 2022, suggesting a price target of $18 for the stock. On November 29, 2021, Citigroup Initiated their recommendations, while on August 16, 2021, BMO Capital Markets Initiated their ratings for the stock with a price target of $17.

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