Trinseo PLC, a leading company in the Basic Materials Sector, is poised to ride the wave of the artificial intelligence (AI) revolution. With the global AI market projected to soar from $137 billion in 2022 to over $1.81 trillion by 2030, investors are eager to capitalize on this growing trend. To help guide your investment decisions, here are the top AI stocks to consider for 2023.
1. Trinseo PLC (TSE): As a giant in the Basic Materials Sector, Trinseo has experienced sales growth of 7.41% over the last five years. Although its average yearly earnings per share currently stands at -986.87%, the company’s outstanding shares have reached $35.10 million. With a float of $34.38 million, Trinseo PLC is well-positioned for success.
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Trinseo PLC has a workforce of 3,400 employees and demonstrates strong efficiency indicators. Its gross margin is +5.74%, operating margin is -0.54%, and pretax margin is -9.46%. Furthermore, the sentiment of large-scale investors toward Trinseo PLC is positive, with insider ownership at 2.31% and institutional ownership at 81.27%.
Analyzing Trinseo PLC’s recent financial report, the company posted earnings per share (EPS) of -$1.03, slightly lower than the consensus figure of -$1.02. Despite this, Trinseo achieved a net margin of -8.62% and a return on equity of -59.72%. Wall Street experts anticipate earnings of -$0.72 per share for the next fiscal year.
Trinseo PLC’s performance indicators reveal a quick ratio of 1.24 and a price to sales ratio of 0.06. Additionally, its price to free cash flow for the trailing twelve months stands at 4.45.
Examining the stock’s moving averages, Trinseo PLC’s 50-day Moving Average is $7.09, while its 200-day Moving Average is $15.14. In terms of support and resistance levels, the first resistance to watch is $6.68, followed by $6.89 and $7.13. If the stock breaks the first support level at $6.23, it may move towards the next support level at $5.99, with the third support level at $5.78.
With a market capitalization of $227.74 million and 35,195K outstanding shares, Trinseo PLC is a key player in the AI revolution. Sales total 4,966 M, income totals -430,900 K, and the latest quarter income was 879,000 K.
As investors seek to capitalize on the AI boom, Trinseo PLC stands out as a top contender in the Basic Materials Sector. With its strong market position and a growing global AI market, Trinseo PLC is primed for success in 2023.
