GrafTech International Ltd (NYSE:EAF) price on Thursday, June 12, fall -7.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.20.
A look at the stock’s price movement, the close in the last trading session was $1.30. Turning to its 52-week performance, $2.53 and $0.52 were the 52-week high and 52-week low respectively. Overall, EAF moved 41.61% over the past month.
GrafTech International Ltd’s market cap currently stands at around $309.74 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 130.44M for the company’s revenue for the quarter, with a low and high estimate of 126M and 136M respectively. The average forecast suggests down to a -5.02% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 529.61M, representing a -1.70% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EAF is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 12.70% and 44.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.55, while 7-day volatility ratio is 8.08% and 6.36% in the 30-day chart. Further, GrafTech International Ltd (EAF) has a beta value of 1.55, and an average true range (ATR) of 0.12. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $2 and high of $13. Looking at the price targets, the low is -66.67% off current price level while to achieve the yearly target high, price needs to move -983.33%. Nonetheless, investors will most likely welcome a -400.0% 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 2.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 258.11 million shares.
The 29.24% of GrafTech International Ltd’s shares are in the hands of company insiders while institutional holders own 56.31% of the company’s shares. Current price change has pushed the stock -30.64% 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.
