During the last session, GrafTech International Ltd. (NYSE:EAF)’s traded shares were 3.19 million, with the beta value of the company hitting 1.02. At the end of the trading day, the stock’s price was $0.61, reflecting an intraday gain of 6.53% or $0.04. The 52-week high for the EAF share is $4.56, that puts it down -647.54 from that peak though still a striking 14.75% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $156.90M, and the average intraday trading volume over the past 10 days was 3.78 million shares, and the average trade volume was 3.45 million shares over the past three months.
GrafTech International Ltd. (EAF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.50. EAF has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.
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GrafTech International Ltd. (NYSE:EAF) trade information
GrafTech International Ltd. (EAF) registered a 6.53% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.53% in intraday trading to $0.61, hitting a weekly high. The stock’s 5-day price performance is -12.89%, and it has moved by -37.22% in 30 days. Based on these gigs, the overall price performance for the year is -85.78%. The short interest in GrafTech International Ltd. (NYSE:EAF) is 17.84 million shares and it means that shorts have 4.31 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 89.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $13 respectively. As a result, EAF is trading at a discount of -2031.15% off the target high and -63.93% off the low.
GrafTech International Ltd. (EAF) estimates and forecasts
Statistics show that GrafTech International Ltd. has underperformed its competitors in share price, compared to the industry in which it operates. GrafTech International Ltd. (EAF) shares have gone down -54.47% during the last six months, with a year-to-date growth rate less than the industry average at -10.26% against 10.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -50.00% this quarter and then jump 55.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -14.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 128.85M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 131.77M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 158.99M and 137.15M respectively. In this case, analysts expect current quarter sales to shrink by -19.00% and then drop by -3.90% in the coming quarter.
While earnings are projected to return 55.62% in 2024, the next five years will return -5.87% per annum.
EAF Dividends
The average dividend yield of the company for the last 5 years is 1.41%.
GrafTech International Ltd. (NYSE:EAF)’s Major holders
GrafTech International Ltd. insiders own 18.52% of total outstanding shares while institutional holders control 75.66%, with the float percentage being 92.85%. FMR LLC is the largest shareholder of the company, while 212.0 institutions own stock in it. As of 2024-03-31, the company held over 38.5 million shares (or 14.9763% of all shares), a total value of $53.12 million in shares.
The next largest institutional holding, with 22.77 million shares, is of GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC’s that is approximately 8.8596% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $31.43 million.
