GrafTech International Ltd. (NYSE:EAF) shares, rose in value, with the stock price up by 10.07% to the previous day’s close as strong demand from buyers drove the stock to $1.53.
Actively observing the price movement in the last trading, the stock closed the session at $1.39. The value of beta (5-year monthly) was 1.17. Referring to stock’s 52-week performance, its high was $5.32, and the low was $1.18. On the whole, EAF has fluctuated by -8.38% over the past month.
With the market capitalization of GrafTech International Ltd. currently standing at about $392.95 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2024 – Apr 30, 2024. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.65%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to increase to -$0.09 for fiscal year -$0.4 and then to about $0.01 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.60% in 2025, while the next year’s EPS growth is forecast to be 102.50%.
Analysts have estimated the company’s revenue for the quarter at $125.69 million, with a low estimate of $117 million and a high estimate of $132.17 million. According to the average forecast, sales growth in current quarter could jump down -9.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $540.87 million, representing a decrease of -12.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EAF’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EAF currently trading nearly -3.44% and 2.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.97, while the 7-day volatility ratio is showing 10.64% which for the 30-day chart, stands at 8.99%. Furthermore, GrafTech International Ltd. (EAF)’s beta value is 1.16, and its average true range (ATR) is 0.14.
A comparison of GrafTech International Ltd. (EAF) with its peers suggests the former has fared considerably weaker in the market. EAF showed an intraday change of 10.07% in last session, and over the past year, it shrunk by -68.52%%.
Data on historical trading for GrafTech International Ltd. (NYSE:EAF) indicates that the trading volumes over the past 10 days have averaged 2.3 million and over the past 3 months, they’ve averaged 3.47 million. According to company’s latest data on outstanding shares, there are 256.83 million shares outstanding.
Nearly 24.77% of GrafTech International Ltd.’s shares belong to company insiders and institutional investors own 74.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.05 million shares as on Mar 15, 2024, resulting in a short ratio of 4.13. According to the data, the short interest in GrafTech International Ltd. (EAF) stood at 5.47% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.6 million. The stock has fallen by -30.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EAF stock heading into the next quarter.
