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Glatfelter Corporation (NYSE:GLT) Has Seen A Fall Of -69.45% This Year, Is It Still A Better Option Than Others?

In last trading session, Glatfelter Corporation (NYSE:GLT) saw 1.24 million shares changing hands with its beta currently measuring 1.38. Company’s recent per share price level of $4.39 trading at -$0.02 or -0.45% at ring of the bell on the day assigns it a market valuation of $206.86M. That closing price of GLT’s stock is at a discount of -326.88% from its 52-week high price of $18.74 and is indicating a premium of 13.21% from its 52-week low price of $3.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.5 million shares which gives us an average trading volume of 785.38K if we extend that period to 3-months.

For Glatfelter Corporation (GLT), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.23 in the current quarter.

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Glatfelter Corporation (NYSE:GLT) trade information

Upright in the red during last session for losing -0.45%, in the last five days GLT remained trading in the red while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $4.39 price level, adding 10.04% to its value on the day. Glatfelter Corporation’s shares saw a change of -74.48% in year-to-date performance and have moved -0.68% in past 5-day. Glatfelter Corporation (NYSE:GLT) showed a performance of -15.74% in past 30-days. Number of shares sold short was 1.3 million shares which calculate 3.48 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $9.00 to the stock, which implies a rise of 51.22% to its current value. Analysts have been projecting $9.00 as a low price target for the stock while placing it at a high target of $9.00. It follows that stock’s current price would drop -105.01% in reaching the projected high whereas dropping to the targeted low would mean a loss of -105.01% for stock’s current value.

Glatfelter Corporation (GLT) estimates and forecasts

The company is estimating its revenue growth to decrease by -227.80% in the current quarter and calculating -47.60% decrease in the next quarter. This year revenue growth is estimated to rise 45.50% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $365 million for the same. And 1 analysts are in estimates of company making revenue of $424 million in the next quarter that will end on Sep 2022.

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 19.90% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -52.60% while estimates for its earnings growth in next 5 years are of 0.20%.

GLT Dividends

Glatfelter Corporation is more likely to be releasing its next quarterly report between May 02 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Glatfelter Corporation (NYSE:GLT)’s Major holders

Insiders are in possession of 2.38% of company’s total shares while institution are holding 92.66 percent of that, with stock having share float percentage of 94.92%. Investors also watch the number of corporate investors in a company very closely, which is 92.66% institutions for Glatfelter Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GLT for having 7.21 million shares of worth $89.3 million. And as of Mar 30, 2022, it was holding 16.13% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.81 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 10.75% of outstanding shares, having a total worth of $59.52 million.

On the other hand, iShares Core S&P Smallcap ETF and Undiscovered Managers Behavioral Value Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 3.18 million shares of worth $21.85 million or 7.10% of the total outstanding shares. The later fund manager was in possession of 1.58 million shares on Mar 30, 2022, making its stake of worth around $19.56 million in the company or a holder of 3.53% of company’s stock.

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