In recent trading session, GTT Communications, Inc. (NYSE:GTT) saw 1,605,915 shares changing hands with its beta currently measuring 1.58. Company’s recent per share price level of $5.53 trading at $0.52 or 10.38% at recent trade assigns it a market valuation of $314.1 Million. That current trading price of GTT’s stock is at a discount of -185.17% from its 52-week high price of $15.77 and is indicating a premium of 28.75% from its 52-week low price of $3.94. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 277.56 Million shares which gives us an average trading volume of 465.53 Million if we extend that period to 3-months.
For GTT Communications, Inc. (GTT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3. Splitting up the data highlights that, out of 5 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.49 in the current quarter.
GTT Communications, Inc. (NYSE:GTT) trade information
Upright in the green today for gaining 10.38%, in the last five days GTT remained trading in the green while hitting it’s week-highest on Friday, Oct 16 when the stock touched $6.58-1 price level, adding 15.5% to its value on the day. GTT Communications, Inc.’s shares saw a change of -51.01% in year-to-date performance and have moved 11.42% in past 5-day. GTT Communications, Inc. (NYSE:GTT) showed a performance of -12.85% in past 30-days. Number of shares sold short was 10.35 Million shares which calculate 0.02 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $9 to the stock, which implies a rise of 62.75% to its current value. Analysts have been projecting $7 as a low price target for the stock while placing it at a high target of $11. It follows that stock’s current price would jump +98.92% in reaching the projected high whereas dropping to the targeted low would mean a loss of 26.58% for stock’s current value.
GTT Communications, Inc. (GTT) estimates and forecasts
Statistics highlight that GTT Communications, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -47.59% of value to its shares in past 6 months, showing an annual growth rate of 289.71% while that of industry is 9.2. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 16.9% in the current quarter and calculating 6.5% increase in the next quarter. This year revenue growth is estimated to drop -2.5% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $417.85 Million for the same. And 8 analysts are in estimates of company making revenue of $418.15 Million in the next quarter that will end in September 01, 2020. Company posted $433.8 Million and $420Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -3.7% while estimating it to be -0.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -17.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 60.8% while estimates for its earnings growth in next 5 years are of 25%
GTT Communications, Inc. (NYSE:GTT)’s Major holders
Insiders are in possession of 19.5% of company’s total shares while institution are holding 95.7% percent of that, with stock having share float percentage of 118.89%. Investors also watch the number of corporate investors in a company very closely, which is 155 institutions for GTT Communications, Inc. that are currently holding shares of the company. Spruce House Investment Management LLC is the top institutional holder at GTT for having 15.88 Million shares of worth $129.54 Million. And as of June 29, 2020, it was holding 26.99% of the company’s outstanding shares.
The second largest institutional holder is Neuberger Berman Group, LLC, which was holding about 3.81 Million shares on June 29, 2020. The number of shares represents firm’s hold over 6.48% of outstanding shares, having a total worth of $31.09 Million.
On the other hand, iShares Russell 2000 ETF and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of August 30, 2020, the former fund manager was holding 670906 shares of worth $3.34 Million or 1.14% of the total outstanding shares. The later fund manager was in possession of 663.48 Thousand shares on June 29, 2020, making its stake of worth around $5.41 Million in the company or a holder of 1.13% of company’s stock.