PolyOne Corporation (NYSE:POL) went down by -2.80% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Specialty Chemicals giant went up by $24.65 to trade ended Friday trading at $25.36. This is down from the $25.36 price recorded on Thursday’s trading session. Thanks to this latest performance, POL is closer to the higher price 52-week target of $35.00 and further from the lowest price target of $25.00. Its performance from the start of the year has also been negative, with POL down by -33.00% year-to-date.
PolyOne Corporation (POL) started the day trading at $25.24 and recorded an intraday high of $25.75. It also recorded an intraday low of $24.55 during Friday’s trading session. PolyOne Corporation is a very active stock that recorded a trading volume that is more than 41.46% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1725306, which is more than 41.46 of the total average daily trading volume of 1.01 million.
PolyOne Corporation (NYSE:POL) 2020 Performance Impressive
The increase in POL’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of POL currently stands at $37.33, which is higher than the current trading price of the stock by 33.97%. However, POL’s current trading price is -183.66% lower than the 52-week low price of $8.69. In terms of trading volume, PolyOne Corporation currently experienced healthy participation during the last trading session. 1725306 shares of PolyOne Corporation were traded on the stock exchange on Friday, which is more than 41.46% of the 1.01 million average trading volume of the stock.
The performance of the stock has been positive over the past year. POL’s performance over the past one year has seen it plunge by -16.92%, while the stock has gone down by -24.18% in the last six months. The quarterly performance of POL currently stands at 69.18%, and it is up by 4.85% in the last month. The only negative figure was from the weekly performance, which currently reads -4.83%. At the time of writing POL’s report, the company has a total market cap of $2.32B, making it one of the largest publicly-traded companies in the world.PolyOne Corporation also has over 5600 employees all over the world.
POL Insider Activities
For PolyOne Corporation, insiders hold 94.80% of all company shares. The insider transactions over the past six months are up by 14.10%. During that period, insiders bought 193,615 shares in 45 transactions. In that same period, insiders sold 22,802 of their shares in 8 transactions. After these transactions, insiders at PolyOne Corporation now hold 995.32k shares, which is over 82.39% of the total company stocks. Institutional investors currently hold a large chunk of the POL shares, as they control 1.09% of the company’s total stock.
POL Fundamental Analysis
For PolyOne Corporation, the stock’s diluted earnings per share (EPS) stands at 1.07. In the coming year, analysts expect the EPS to be 1.90. The stock’s EPS growth this year is -8.90%, with analysts expecting almost a 3 growth in the earnings per share next week. In terms of revenue, PolyOne Corporation’s quarterly sales (YOY) is growing at 0.27, which is lower than the average annual revenue of 3.10% over the past half a decade.
The Return on Investment (ROI) on PolyOne Corporation’s stock currently stands at 5.40%. The gross margin of the company is 23.70%.
POL Analysts Prediction
Analysts at Robert W. Baird believe that POL is Outperform, and they have a price target of between $30 and $36.
At the moment, PolyOne Corporation’s Total Debt to Equity ratio stands at 0.80, and they have a long-term Debt to Equity ratio of 0.79.
POL Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of POL currently stands at -5.80%, while the SMA50 is 5.31%. The biggest one is the SMA200, which is currently reading -13.72% ahead of Friday’s trading session. The Relative Strength Index of this stock is 48.05, while its price to earnings ratio (P/E) is 23.02.