GrafTech International Ltd (NYSE:EAF) has a beta value of 0.98 and has seen 2.38 million shares traded in the last trading session. The company, currently valued at $542.62M, closed the last trade at $2.11 per share which meant it lost -$0.03 on the day or -1.40% during that session. The EAF stock price is -30.81% off its 52-week high price of $2.76 and 75.36% above the 52-week low of $0.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.18 million shares traded. The 3-month trading volume is 2.23 million shares.
The consensus among analysts is that GrafTech International Ltd (EAF) is Buy stock at the moment, with a recommendation rating of 3.50. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
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GrafTech International Ltd (NYSE:EAF) trade information
Sporting -1.40% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the EAF stock price touched $2.11 or saw a rise of 3.65%. Year-to-date, GrafTech International Ltd shares have moved -3.65%, while the 5-day performance has seen it change -1.86%. Over the past 30 days, the shares of GrafTech International Ltd (NYSE:EAF) have changed 0.96%. Short interest in the company has seen 15.19 million shares shorted with days to cover at 6.5.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 64.83% from current levels. The projected low price target is $2.0 while the price target rests at a high of $13.0. In that case, then, we find that the current price level is -516.11% off the targeted high while a plunge would see the stock lose 5.21% from current levels.
GrafTech International Ltd (EAF) estimates and forecasts
Figures show that GrafTech International Ltd shares have underperformed across the wider relevant industry. The company’s shares have gained 19.21% over the past 6 months, with this year growth rate of -10.26%, compared to 13.90% for the industry. Revenue growth from the last financial year stood is estimated to be -13.91%.
2 analysts offering their estimates for the company have set an average revenue estimate of 130.27M for the current quarter. 1 have an estimated revenue figure of 142M for the next ending quarter. Year-ago sales stood 137.15M and 136.58M respectively for this quarter and the next, and analysts expect sales will shrink by -5.01% for the current quarter and -13.91% for the next.
Earnings growth for 2024 is a modest 56.39% while over the next 5 years, the company’s earnings are expected to decrease by -5.87%.
EAF Dividends
GrafTech International Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
GrafTech International Ltd (NYSE:EAF)’s Major holders
Insiders own 26.81% of the company shares, while shares held by institutions stand at 66.47% with a share float percentage of 90.82%. Investors are also buoyed by the number of investors in a company, with GrafTech International Ltd having a total of 172.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 38.4 million shares worth more than $37.25 million. As of 2024-06-30, FMR LLC held 14.9192% of shares outstanding.
The other major institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, with the holding of over 22.77 million shares as of 2024-06-30. The firm’s total holdings are worth over $22.09 million and represent 8.8473% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Low-Priced Stock Fund and AMG Yacktman Fd . As of Aug 31, 2024 , the former fund manager holds about 6.96% shares in the company for having 17.89 shares of worth $37.75 million while later fund manager owns 8.0 shares of worth $16.88 million as of Jun 30, 2024 , which makes it owner of about 3.11% of company’s outstanding stock.
