In the last trading session, 1.79 million shares of the GrafTech International Ltd (NYSE:EAF) were traded, and its beta was 0.97. Most recently the company’s share price was $2.12, and it changed around -$0.03 or -1.40% from the last close, which brings the market valuation of the company to $537.58M. EAF currently trades at a discount to its 52-week high of $2.76, offering almost -30.19% off that amount. The share price’s 52-week low was $0.52, which indicates that the current value has risen by an impressive 75.47% since then. We note from GrafTech International Ltd’s average daily trading volume that its 10-day average is 2.14 million shares, with the 3-month average coming to 2.17 million.
GrafTech International Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 3.50. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended EAF as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. GrafTech International Ltd is expected to report earnings per share of -0.13 for the current quarter.
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GrafTech International Ltd (NYSE:EAF) trade information
Instantly EAF has showed a red trend with a performance of -1.40% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.53 on recent trading dayincreased the stock’s daily price by 16.21%. The company’s shares are currently down -3.20% year-to-date, but still down -0.47% over the last five days. On the other hand, GrafTech International Ltd (NYSE:EAF) is 25.44% up in the 30-day period. We can see from the shorts that 15.19 million shares have been sold at a short interest cover period of 6.5 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 64.67% from its current value. Analyst projections state that EAF is forecast to be at a low of $2 and a high of $13.
GrafTech International Ltd (EAF) estimates and forecasts
GrafTech International Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 21.84 percent over the past six months and at a -10.26% annual growth rate that is well below the industry average of 12.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 53.60% in revenue this quarter, and will report a decrease of -15.31% in the next quarter. The year-over-year growth rate is expected to be -14.18%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 129M in revenue for the current quarter. 1 analysts expect GrafTech International Ltd to make 142M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 137.15M and 136.58M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.94%. Forecasts for the next quarter put sales growth at 3.97%.
GrafTech International Ltd earnings are expected to increase by 56.39% in 2024, but the outlook is negative -5.87% per year for the next five years.
EAF Dividends
GrafTech International Ltd’s next quarterly earnings report is expected to be released in December. The average dividend yield for the past five years averaged 1.41 per year.
GrafTech International Ltd (NYSE:EAF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.81% of GrafTech International Ltd shares, and 66.42% of them are in the hands of institutional investors. The stock currently has a share float of 90.75%. GrafTech International Ltd stock is held by 172.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.9192% of the shares, which is about 38.4 million shares worth $37.25 million.
GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, with 8.8473% or 22.77 million shares worth $22.09 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
