In last trading session, Trinseo PLC (NYSE:TSE) saw 0.54 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $2.96 trading at -$0.45 or -13.20% at ring of the bell on the day assigns it a market valuation of $104.37M. That closing price of TSE’s stock is at a discount of -665.88% from its 52-week high price of $22.67 and is indicating a discount of -9.12% from its 52-week low price of $3.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 395.22K if we extend that period to 3-months.
Trinseo PLC (NYSE:TSE) trade information
Upright in the red during last session for losing -13.20%, in the last five days TSE remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $2.96 price level, adding 23.91% to its value on the day. Trinseo PLC’s shares saw a change of -64.64% in year-to-date performance and have moved -18.01% in past 5-day. Trinseo PLC (NYSE:TSE) showed a performance of -43.08% in past 30-days. Number of shares sold short was 1.17 million shares which calculate 2.65 days to cover the short interests.
Trinseo PLC (TSE) estimates and forecasts
Statistics highlight that Trinseo PLC is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -53.89% of value to its shares in past 6 months, showing an annual growth rate of 29.05% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -94.10% in the current quarter and calculating 32.80% increase in the next quarter. This year revenue growth is estimated to fall -2.30% 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 $857 million for the same. And 2 analysts are in estimates of company making revenue of $901 million in the next quarter that will end on Jun 2024. Company posted $1.08 billion and $962.6 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -20.90% while estimating it to be -6.40% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 25.27% while estimates for its earnings growth in next 5 years are of 30.29%.
TSE Dividends
Trinseo PLC is more likely to be releasing its next quarterly report in May 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 3.34% of company’s total shares while institution are holding 84.18 percent of that, with stock having share float percentage of 87.10%. Investors also watch the number of corporate investors in a company very closely, which is 84.18% 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.
