Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) shares, rose in value on Friday, March 07, with the stock price down by -0.75% to the previous day’s close as strong demand from buyers drove the stock to $7.92.
Actively observing the price movement in the last trading, the stock closed the session at $7.98. The PE ratio was 9.38 over 12-month period. Referring to stock’s 52-week performance, its high was $12.89, and the low was $6.55. On the whole, GLDD has fluctuated by -29.72% over the past month.
With the market capitalization of Great Lakes Dredge & Dock Corporation currently standing at about $532.87 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GLDD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of GLDD currently trading nearly -13.87% and -25.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.98, while the 7-day volatility ratio is showing 4.27% which for the 30-day chart, stands at 5.53%. Furthermore, Great Lakes Dredge & Dock Corporation (GLDD)’s beta value is 1.23, and its average true range (ATR) is 0.44.
A comparison of Great Lakes Dredge & Dock Corporation (GLDD) with its peers suggests the former has fared considerably weaker in the market. GLDD showed an intraday change of -0.75% in last session, and over the past year, it shrunk by -8.97%%.
Data on historical trading for Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) indicates that the trading volumes over the past 3 months, they’ve averaged 453.49K. According to company’s latest data on outstanding shares, there are 67.28 million shares outstanding.
Nearly 2.45% of Great Lakes Dredge & Dock Corporation’s shares belong to company insiders and institutional investors own 83.63% of the company’s shares. The stock has fallen by -29.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GLDD stock heading into the next quarter.
