Should GrafTech International Ltd (NYSE: EAF) Rally After -48.82% Drop From High?

GrafTech International Ltd (NYSE:EAF)’s traded shares stood at 1.14 million during the last session, with the company’s beta value hitting 1.00. At the close of trading, the stock’s price was $1.70, to imply an increase of 7.59% or $0.12 in intraday trading. The EAF share’s 52-week high remains $2.53, putting it -48.82% down since that peak but still an impressive 69.41% since price per share fell to its 52-week low of $0.52. The company has a valuation of $470.38M, with an average of 2.17 million shares in intraday trading volume over the past 10 days and average of 2.21 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for GrafTech International Ltd (EAF), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 1 analyst(s) give EAF a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.

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GrafTech International Ltd (NYSE:EAF) trade information

After registering a 7.59% upside in the last session, GrafTech International Ltd (EAF) has traded red over the past five days. The 5-day price performance for the stock is -12.37%, and -18.27% over 30 days. With these gigs, the year-to-date price performance is -22.37%. Short interest in GrafTech International Ltd (NYSE:EAF) saw shorts transact 14.65 million shares and set a 7.51 days time to cover.

The extremes give us $2 and $2 for target low and target high price respectively. As such, EAF has been trading -17.65% off suggested target high and -17.65% from its likely low.

GrafTech International Ltd (EAF) estimates and forecasts

Looking at statistics comparing GrafTech International Ltd share performance against respective industry, we note that the company has underperformed competitors. GrafTech International Ltd (EAF) shares are 65.05% up over the last 6 months, with its year-to-date growth rate lower than industry average at -10.26% against 8.30%. The rating firms project that company’s revenue will shrink -13.49% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 131.99M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 133.75M.Earnings reports from the last fiscal year show that sales brought in 137.15M and 136.58M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.76% before dropping -2.07% in the following quarter.

EAF Dividends

GrafTech International Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 1.41%.

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

GrafTech International Ltd insiders hold 26.81% of total outstanding shares, with institutional holders owning 66.42% of the shares at 90.75% float percentage. In total, 66.42% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 38.4 million shares (or 14.9192% of shares), all amounting to roughly $37.25 million.

The next major institution holding the largest number of shares is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with 22.77 million shares, or about 8.8473% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $22.09 million.