Ecolab, Inc. (NYSE:ECL) shares, rose in value on Friday, May 17, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $233.66.
Actively observing the price movement in the last trading, the stock closed the session at $232.63. The PE ratio was 43.25 over 12-month period. Referring to stock’s 52-week performance, its high was $234.68, and the low was $156.72. On the whole, ECL has fluctuated by 6.59% over the past month.
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The company’s Forward Dividend Ratio is 2.20, with its dividend yield at 0.94%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16B, with a low estimate of 3.95B and a high estimate of 4.16B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.03B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ECL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.75, with the price of ECL currently trading nearly 3.00% and 3.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.87, while the 7-day volatility ratio is showing 0.82% which for the 30-day chart, stands at 1.18%. Furthermore, Ecolab, Inc. (ECL)’s beta value is 1.12, and its average true range (ATR) is 2.74.
A comparison of Ecolab, Inc. (ECL) with its peers suggests the former has fared considerably weaker in the market. ECL showed an intraday change of 0.44% in last session, and over the past year, it grew by 33.94%%.
Data on historical trading for Ecolab, Inc. (NYSE:ECL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 285.45 million shares outstanding.
Nearly 11.06% of Ecolab, Inc.’s shares belong to company insiders and institutional investors own 80.19% of the company’s shares. The stock has risen by 17.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ECL stock heading into the next quarter.
