GrafTech International Ltd. (NYSE: EAF) Has Succeeded In Generating Interest In 2024, The Stock Is Down -36.99% Year-To-Date

GrafTech International Ltd. (NYSE:EAF)’s traded shares stood at 2.87 million during the last session, with the company’s beta value hitting 1.14. At the close of trading, the stock’s price was $1.38, to imply an increase of 6.15% or $0.08 in intraday trading. The EAF share’s 52-week high remains $5.32, putting it -285.51% down since that peak but still an impressive 14.49% since price per share fell to its 52-week low of $1.18. The company has a valuation of $354.43M, with an average of 3.07 million shares in intraday trading volume over the past 10 days and average of 3.74 million shares over the past 3 months.

GrafTech International Ltd. (NYSE:EAF) trade information

After registering a 6.15% upside in the last session, GrafTech International Ltd. (EAF) has traded red over the past five days. The stock hit a weekly high of 1.5370, jumping 6.15% in its intraday price action. The 5-day price performance for the stock is -10.39%, and -12.66% over 30 days. With these gigs, the year-to-date price performance is -36.99%. Short interest in GrafTech International Ltd. (NYSE:EAF) saw shorts transact 14.05 million shares and set a 4.13 days time to cover.

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GrafTech International Ltd. (EAF) estimates and forecasts

Looking at statistics comparing GrafTech International Ltd. share performance against respective industry, we note that the company has underperformed competitors. GrafTech International Ltd. (EAF) shares are -62.80% down over the last 6 months, with its year-to-date growth rate lower than industry average at -25.64% against 11.40%. Revenue is forecast to shrink -550.00% this quarter before falling -450.00% for the next one. The rating firms project that company’s revenue will shrink -12.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $125.69 million. Meanwhile, for the quarter ending Jun 2024, a total of 3 analyst(s) estimate revenue growth to $127.12 million.

EAF Dividends

GrafTech International Ltd. has its next earnings report out between April 26 and April 30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. GrafTech International Ltd. has a forward dividend ratio of 0.01, with the share yield ticking at 0.72% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

GrafTech International Ltd. (NYSE:EAF)’s Major holders

GrafTech International Ltd. insiders hold 15.69% of total outstanding shares, with institutional holders owning 85.83% of the shares at 101.79% float percentage. In total, 85.83% institutions holds shares in the company, led by Brookfield Corp /ON/. As of Jun 29, 2023, the company held over 63.97 million shares (or 24.91% of shares), all amounting to roughly $322.43 million.

The next major institution holding the largest number of shares is FMR, LLC with 38.51 million shares, or about 14.99% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $194.07 million.

We also have Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the GrafTech International Ltd. (EAF) shares. Going by data provided on Jul 30, 2023, Fidelity Low-Priced Stock Fund holds roughly 17.83 million shares. This is just over 6.94% of the total shares, with a market valuation of $94.15 million. Data from the same date shows that the other fund manager holds a little less at 5.98 million, or 2.33% of the shares, all valued at about 30.16 million.