Granite Construction Inc (NYSE:GVA) shares, rose in value on Friday, May 30, with the stock price down by -0.20% to the previous day’s close as strong demand from buyers drove the stock to $89.45.
Actively observing the price movement in the last trading, the stock closed the session at $89.63. The PE ratio was 39.32 over 12-month period. Referring to stock’s 52-week performance, its high was $105.20, and the low was $58.23. On the whole, GVA has fluctuated by 10.04% over the past month.
With the market capitalization of Granite Construction Inc currently standing at about $3.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.52, with its dividend yield at 0.58%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GVA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy 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% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.91, with the price of GVA currently trading nearly 4.20% and 10.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.88, while the 7-day volatility ratio is showing 2.31% which for the 30-day chart, stands at 1.44%. Furthermore, Granite Construction Inc (GVA)’s beta value is 1.35, and its average true range (ATR) is 2.34.
A comparison of Granite Construction Inc (GVA) with its peers suggests the former has fared considerably weaker in the market. GVA showed an intraday change of -0.20% in last session, and over the past year, it grew by 43.65%%.
Data on historical trading for Granite Construction Inc (NYSE:GVA) indicates that the trading volumes over the past 3 months, they’ve averaged 711.43K. According to company’s latest data on outstanding shares, there are 43.74 million shares outstanding.
Nearly 1.01% of Granite Construction Inc’s shares belong to company insiders and institutional investors own 116.17% of the company’s shares. The stock has risen by 1.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GVA stock heading into the next quarter.
