Investing in Ecovyst Inc. (ECVT) Is Getting More Attractive


In a filing, Ecovyst Inc. revealed its insider Feehan Michael acquired Company’s shares for reported $48350.0 on Aug 23. In the deal valued at $9.67 per share,5,000 shares were bought. As a result of this transaction, Feehan Michael now holds 340,940 shares worth roughly $ 3.53 million.

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Then, Bitting Kurt bought 3,100 shares, generating $29,891 in total proceeds. Upon buying the shares at $9.64, the insider now owns 415,718 shares.

Before that, INEOS Ltd sold 14,000,000 shares. Ecovyst Inc. shares valued at $152,331,200 were divested by the Former 10% Owner at a price of $10.88 per share. As a result of the transaction, INEOS Ltd now holds 10,731,385 shares, worth roughly $111.07 million.

BWS Financial initiated its Ecovyst Inc. [ECVT] rating to a Buy in a research note published on Friday, March 23, 2022; the price target was $18. PT values the company’s stock at a premium of 42.5 to its Friday closing price.

Price Performance Review of ECVT

On Friday, Ecovyst Inc. [NYSE:ECVT] saw its stock jump 1.07% to $10.35. On the same session, the stock had its day’s lowest price of $10.25, but rose to a high of $10.41. Over the last five days, the stock has gained 4.97%. Ecovyst Inc. shares have risen nearly 16.82% since the year began. Nevertheless, the stocks have risen 12.01% over the past one year. While a 52-week high of $12.35 was reached on 07/26/23, a 52-week low of $8.20 was recorded on 01/03/23. SMA at 50 days reached $10.95, while 200 days put it at $10.43. A total of 0.43 million shares were traded, compared to the trading of 0.63 million shares in the previous session.

Levels Of Support And Resistance For ECVT Stock

The 24-hour chart illustrates a support level at 10.26, which if violated will result in even more drops to 10.18. On the upside, there is a resistance level at 10.42. A further resistance level may holdings at 10.50. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.19%. Stochastics %K at 81.87% indicates the stock is a selling.

How much short interest is there in Ecovyst Inc.?

A steep rise in short interest was recorded in Ecovyst Inc. stocks on Aug 14, 2023, growing by 20000.0 shares to a total of 2.34 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.32 million shares. There was a rise of 0.85%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.66.

Ecovyst Inc. [ECVT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,476,711 shares, or roughly 7.89% of the outstanding ECVT shares. In other words, the investor’s shares have risen by 347,612 from its previous 13-F filing of 9129099.0. Additionally, BlackRock Fund Advisors increased 4.17% of its stake after which the total value it holdings stand at $80,147,219, while Shapiro Capital Management LLC reduced -0.24% of its stake to hold $67.06 million in the firm. Over the last quarter, Westwood Management Corp. sold -197,738 shares of Ecovyst Inc., while Allspring Global Investments LLC sold 2,776 shares. At present, Dimensional Fund Advisors LP is holding 5,091,829 shares valued at $62.58 million. Hotchkis & Wiley Capital Manageme owned 4,962,795 shares of the company at the time of its most recent 13F filing, worth $60.99 million.

According to FactSet, Ecovyst Inc.’s share price will average $14.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.72 percent from its previous closing price of $10.24. Analysts expect Ecovyst Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $12.00. However, 6 analysts have rated ECVT stock as a Buy in their predictions for 2023.


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