GrafTech International Ltd. (NYSE:EAF) price on Friday, October 25, rose 8.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.97.
A look at the stock’s price movement, the close in the last trading session was $1.82, moving within a range at $1.81 and $2.02. The beta value (5-Year monthly) was 0.991. Turning to its 52-week performance, $3.54 and $0.52 were the 52-week high and 52-week low respectively. Overall, EAF moved 91.26% over the past month.
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GrafTech International Ltd.’s market cap currently stands at around $506.62 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-01.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EAF is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend EAF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EAF’s current price about 21.79% and 74.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.25, while 7-day volatility ratio is 8.78% and 12.40% in the 30-day chart. Further, GrafTech International Ltd. (EAF) has a beta value of 0.98, and an average true range (ATR) of 0.15. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $1 and high of $13. Looking at the price targets, the low is 49.24% off current price level while to achieve the yearly target high, price needs to move -559.9%. Nonetheless, investors will most likely welcome a -204.57% jump to $6 which is the analysts’ median price.
If we refocus on GrafTech International Ltd. (NYSE:EAF), historical trading data shows that trading volumes averaged 1.24 over the past 10 days and 2.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 256.83 million shares.
The 27.72% of GrafTech International Ltd.’s shares are in the hands of company insiders while institutional holders own 69.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.59 million on 2024-09-30, giving us a short ratio of 7.55. The data shows that as of 2024-09-30 short interest in GrafTech International Ltd. (EAF) stood at 806.0 of shares outstanding, with shares short falling to 18.82 million registered in 2024-08-30. Current price change has pushed the stock -10.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EAF stock continues to rise going into the next quarter.
