With 15.62% Distance From Low, Could GrafTech International Ltd. (NYSE:EAF) Post Further Gains?

In last trading session, GrafTech International Ltd. (NYSE:EAF) saw 3.5 million shares changing hands with its beta currently measuring 0.93. Company’s recent per share price level of $0.96 trading at $0.02 or 1.73% at ring of the bell on the day assigns it a market valuation of $246.91M. That closing price of EAF’s stock is at a discount of -454.17% from its 52-week high price of $5.32 and is indicating a premium of 15.62% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.74 million shares which gives us an average trading volume of 3.40 million if we extend that period to 3-months.

For GrafTech International Ltd. (EAF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.40. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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GrafTech International Ltd. (NYSE:EAF) trade information

Upright in the green during last session for gaining 1.73%, in the last five days EAF remained trading in the red while hitting it’s week-highest on Wednesday, 07/24/24 when the stock touched $0.96 price level, adding 9.43% to its value on the day. GrafTech International Ltd.’s shares saw a change of -56.16% in year-to-date performance and have moved -3.88% in past 5-day. GrafTech International Ltd. (NYSE:EAF) showed a performance of -3.99% in past 30-days. Number of shares sold short was 17.94 million shares which calculate 4.43 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 84.0% to its current value. Analysts have been projecting 4.93 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -413.54% in reaching the projected high whereas dropping to the targeted low would mean a loss of -413.54% for stock’s current value.

GrafTech International Ltd. (EAF) estimates and forecasts

Statistics highlight that GrafTech International Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -40.37% of value to its shares in past 6 months, showing an annual growth rate of -12.82% while that of industry is 14.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 58.19% while estimates for its earnings growth in next 5 years are of -5.87%.

EAF Dividends

GrafTech International Ltd. is more likely to be releasing its next quarterly report in August 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.

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

Insiders are in possession of 18.52% of company’s total shares while institution are holding 76.46 percent of that, with stock having share float percentage of 93.83%. Investors also watch the number of corporate investors in a company very closely, which is 76.46% institutions for GrafTech International Ltd. that are currently holding shares of the company. FMR LLC is the top institutional holder at EAF for having 38.5 million shares of worth $53.12 million. And as of 2024-03-31, it was holding 14.9763 of the company’s outstanding shares.

The second largest institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, which was holding about 22.77 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.8596 of outstanding shares, having a total worth of $31.43 million.