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GrafTech International Ltd. (NYSE: EAF): No Stopping The Stock Plunge?

GrafTech International Ltd. (NYSE:EAF) price closed higher on Monday, February 12, jumping 10.00% above its previous close.

A look at the daily price movement shows that the last close reads $1.30. The company’s 5Y monthly beta was ticking 1.10 while its P/E ratio in the trailing 12-month period read 29.36. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.82 and 52-week low of $1.18. The stock subtracted -16.86% on its value in the past month.

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GrafTech International Ltd., which has a market valuation of $367.24 million, is expected to release its quarterly earnings report Feb 14, 2024. The company stock has a Forward Dividend ratio of 0.02 (1.54%), while the dividend yield is 0.02 (1.40%). It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking EAF have forecast the quarterly EPS to shrink by -0.12 per share this quarter, while the same analysts predict the annual EPS to hit -$0.26 for the year 2024 and up to -$0.2 for 2024. In this case, analysts estimate an annual EPS growth of -117.70% for the year and 23.10% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $141.21 million, with the likely lows of $115.91 million and highs of $162 million. The average estimate suggests sales growth for the quarter will likely fall by -42.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $624.56 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow -51.30% below that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give EAF a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that EAF’s price is at present -1.95% off the SMA20 and -26.27% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 40.65, with weekly volatility standing at 9.55%. The indicator jumps to 8.38% when calculated based on the past 30 days. GrafTech International Ltd. (NYSE:EAF)’s beta value is holding at 1.09, while the average true range (ATR) indicator is currently reading 0.13.

An analysis of the GrafTech International Ltd. (NYSE:EAF) stock in terms of its daily trading volume indicates that the 3-month average is 0.35. However, this figure increases on the past 10-day timeline to an average of 3.99 million.

Current records show that the company has 256.60M in outstanding shares. The insiders’ percentage holdings are 9.27% of outstanding shares while the percentage share held by institutions stands at 68.92%. The stats also highlight that short interest as of Jan 31, 2024, stood at 9.55 million shares, which puts the short ratio at the time at 2.25. From this we can glean that short interest is 3.72% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 11.31 million. But the -34.70% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.