During the last session, GrafTech International Ltd (NYSE:EAF)’s traded shares were 2.0 million, with the beta value of the company hitting 0.96. The 52-week high for the EAF share is $2.76, that puts it down -32.69 from that peak though still a striking 75.0% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $534.91M, and the average intraday trading volume over the past 10 days was 2.19 million shares, and the average trade volume was 2.21 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 -0.13.
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GrafTech International Ltd (NYSE:EAF) trade information
The stock’s 5-day price performance is -3.26%, and it has moved by 20.23% in 30 days. Based on these gigs, the overall price performance for the year is -15.10%. The short interest in GrafTech International Ltd (NYSE:EAF) is 15.19 million shares and it means that shorts have 6.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 65.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $13 respectively. As a result, EAF is trading at a discount of -525.0% off the target high and 3.85% 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 up 10.64% during the last six months, with a year-to-date growth rate less than the industry average at -10.26% against 12.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 53.60% this quarter and then drop -15.31% in the quarter after that. In the rating firms’ projections, revenue will decrease -14.18% 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 129M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 142M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 137.15M and 136.58M respectively. In this case, analysts expect current quarter sales to shrink by -5.94% and then jump by 3.97% in the coming quarter.
While earnings are projected to return 56.39% in 2024, the next five years will return -5.87% per annum.
EAF Dividends
GrafTech International Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. 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 26.81% of total outstanding shares while institutional holders control 66.47%, with the float percentage being 90.82%. FMR LLC is the largest shareholder of the company, while 172.0 institutions own stock in it. As of 2024-06-30, the company held over 38.4 million shares (or 14.9192% of all shares), a total value of $37.25 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 8.8473% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $22.09 million.
Also, the Mutual Funds coming in first place with the largest holdings of GrafTech International Ltd (EAF) shares are Fidelity Low-Priced Stock Fund and AMG Yacktman Fd . Data provided on Aug 31, 2024 indicates that Fidelity Low-Priced Stock Fund owns about 17.89 shares. This amounts to just over 6.96 percent of the company’s overall shares, with a $37.21 million market value. The same data shows that the other fund manager holds slightly less at 8.0, or about 3.11% of the stock, which is worth about $16.64 million.
