ESI Stock Summary and Trading Ideas (Element Solutions | NYSE:ESI)

Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment which generates majority of the revenue, includes chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and chemistries used in water-based hydraulic control fluids in offshore energy production. Electronics segment researches, formulates and sells specialty chemicals and process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.

Element Solutions trades on the NYSE stock market under the symbol ESI.

As of May 3, 2024, ESI stock price climbed to $23.82 with 958,542 million shares trading.

ESI has a beta of 1.30, meaning it tends to be more sensitive to market movements. ESI has a correlation of 0.49 to the broad based SPY ETF.

ESI has a market cap of $5.76 billion. This is considered a Mid Cap stock.

Last quarter Element Solutions reported $575 million in Revenue and $.34 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.02.

In the last 3 years, ESI stock traded as high as $26.92 and as low as $15.31.

The top ETF exchange traded funds that ESI belongs to (by Net Assets): VTI, VB, VBR, VXF, SCHA.

ESI has outperformed the market in the last year with a return of +33.0%, while the SPY ETF gained +27.0%. In the last 3 month period, ESI beat the market returning +7.4%, while SPY returned +3.7%. However, in the most recent 2 weeks ESI has underperformed the stock market by returning +0.2%, while SPY returned +3.3%.

ESI support price is $23.23 and resistance is $23.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESI stock will trade within this expected range on the day.