General Finance Corporation (NASDAQ:GFN) price closed higher on Friday, Apr 16, jumping 55.71% above its previous close.
A look at the daily price movement shows that the last close reads $12.17, with intraday deals fluctuated between $18.90 and $19.01. The company’s 5Y monthly beta was ticking 1.31 while its P/E ratio in the trailing 12-month period read 526.39. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.14 and 52-week low of $4.62. The stock added 61% on its value in the past month.
General Finance Corporation, which has a market valuation of $367.82 Million, is expected to release its quarterly earnings report in Jun 2021. The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking GFN have forecast the quarterly EPS to grow by $0.08 per share this quarter, while the same analysts predict the annual EPS to hit $0.58 for the year 2021 and up to $0.64 for 2022. In this case, analysts estimate an annual EPS growth of -0.02% for the year and 0.1% for the next year.
On the technical perspective front, indicators give GFN a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned GFN a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the General Finance Corporation (GFN) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 52.64. The overview shows that GFN’s price is at present 60.24% off the SMA20 and 68.44% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 87.58, with weekly volatility standing at 2.63%. The indicator jumps to 6.41% when calculated based on the past 30 days. General Finance Corporation (NASDAQ:GFN)’s beta value is holding at 1.31, while the average true range (ATR) indicator is currently reading 1.11. Considering analysts have assigned the stock a price target range of $16-$16 as the low and high respectively, we find the trailing 12-month average consensus price target to be $16. Based on this estimate, we see that current price is roughly -15.57% off the estimated low and -15.57% off the forecast high. Investors will no doubt be excited to see the share price rise to $16, which is the median consensus price, and at that level GFN would be -15.57% from current price.
Turning out attention to how the General Finance Corporation stock has performed in comparison to its peers in the industry, here’s what we find: GFN’s stock is +55.71% on the day and +182.41% in the past 12 months, while Avis Budget Group (CAR) traded +1.24% in the last session and was positioned +514.04% up on its price 12 months ago. Another comparison is with Api Group Corp (APG) whose stock price was down -0.41% in the last trading session, and has flourished +159.41% over the past year. Also, Sps Commerce Inc (SPSC) showed uptrend of 55.71% while its price kept floating at 182.41% over the past year. As for General Finance Corporation, the P/E ratio stands at 526.39 higher than that of Avis Budget Group’s at 0 and Api Group Corp’s 0. Elsewhere in the market, the S&P 500 Index has rallied 0.36% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with +0.48%.
An analysis of the General Finance Corporation (NASDAQ:GFN) stock in terms of its daily trading volume indicates that the 3-month average is 34.44 Million. However, this figure declines on the past 10-day timeline to an average of 24.75 Million.
Current records show that the company has 30.23 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 54.97% of outstanding shares while the percentage share held by institutions stands at 25.15%. The stats also highlight that short interest as of March 30, 2021, stood at 117.87 Million shares, which puts the short ratio at the time at 2.37. From this we can glean that short interest is 0.39% of company’s current outstanding shares. Notably, we see that shares short in March fell slightly given the previous month’s figure stood at 118.86 Million. But the +122.68% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.