The Business Case For Buying GrafTech International Ltd. (NYSE: EAF) Stock Now

GrafTech International Ltd. (NYSE:EAF) price closed on Monday, May 06, remained unchanged from its previous close.

A look at the daily price movement shows that the last close reads $1.81. The company’s 5Y monthly beta was ticking 1.16. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.32 and 52-week low of $1.18. The stock added 19.87% on its value in the past month.

GrafTech International Ltd., which has a market valuation of $465.48 million, is expected to release its quarterly earnings report Apr 26, 2024. The company stock has a Forward Dividend ratio of 0.01, while the dividend yield is 0.55%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give EAF a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

The overview shows that EAF’s price is at present 10.94% off the SMA20 and 13.57% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.48, with weekly volatility standing at 6.99%. The indicator jumps to 10.37% when calculated based on the past 30 days. GrafTech International Ltd. (NYSE:EAF)’s beta value is holding at 1.05, while the average true range (ATR) indicator is currently reading 0.15.

An analysis of the GrafTech International Ltd. (NYSE:EAF) stock in terms of its daily trading volume indicates that the 3-month average is 3.23 million.

Current records show that the company has 256.83M in outstanding shares. The insiders’ percentage holdings are 38.55% of outstanding shares while the percentage share held by institutions stands at 75.39%. But the -17.35% 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.

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