In last trading session, Trinseo PLC (NYSE:TSE) saw 0.34 million shares changing hands with its beta currently measuring 1.55. Company’s recent per share price level of $6.79 trading at $0.16 or 2.41% at ring of the bell on the day assigns it a market valuation of $239.01M. That closing price of TSE’s stock is at a discount of -349.63% from its 52-week high price of $30.53 and is indicating a premium of 19.29% from its 52-week low price of $5.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 920.62K if we extend that period to 3-months.
For Trinseo PLC (TSE), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.67. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$1.34 in the current quarter.
Trinseo PLC (NYSE:TSE) trade information
Upright in the green during last session for gaining 2.41%, in the last five days TSE remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $6.79 price level, adding 5.3% to its value on the day. Trinseo PLC’s shares saw a change of -70.10% in year-to-date performance and have moved 17.68% in past 5-day. Trinseo PLC (NYSE:TSE) showed a performance of 9.16% in past 30-days. Number of shares sold short was 1.45 million shares which calculate 2.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $9.88 to the stock, which implies a rise of 31.28% to its current value. Analysts have been projecting $7.00 as a low price target for the stock while placing it at a high target of $23.00. It follows that stock’s current price would drop -238.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.09% for stock’s current value.
Trinseo PLC (TSE) estimates and forecasts
Statistics highlight that Trinseo PLC is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -52.78% of value to its shares in past 6 months, showing an annual growth rate of -1,041.67% while that of industry is -19.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 22.10% in the current quarter and calculating 28.70% increase in the next quarter. This year revenue growth is estimated to fall -25.90% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $858 million for the same.
Trinseo PLC is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Trinseo PLC (NYSE:TSE)’s Major holders
Insiders are in possession of 1.47% of company’s total shares while institution are holding 96.23 percent of that, with stock having share float percentage of 97.66%. Investors also watch the number of corporate investors in a company very closely, which is 96.23% institutions for Trinseo PLC that are currently holding shares of the company. M&G Investment Management Ltd is the top institutional holder at TSE for having 7.63 million shares of worth $96.61 million. And as of Jun 29, 2023, it was holding 21.67% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 5.79 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 16.45% of outstanding shares, having a total worth of $73.34 million.
On the other hand, Undiscovered Managers Behavioral Value Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.31 million shares of worth $16.55 million or 3.71% of the total outstanding shares. The later fund manager was in possession of 0.83 million shares on Aug 30, 2023, making its stake of worth around $8.7 million in the company or a holder of 2.35% of company’s stock.