How GCP Applied Technologies Inc. (GCP) Works From A Technical Perspective

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GCP Applied Technologies Inc. (NYSE:GCP) traded with an addition of $0.38 to $31.99 on Thursday, an upside of 1.20 percent. An average of 937,888 shares of common stock have been traded in the last five days. There was a gain of $0.53 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 575,162 shares traded, while the 50-day average volume stands at 515,837.

GCP stock has decreased by -0.25% in the last month. The company shares reached their 1-month lowest point of $31.38 on 09/02/22. With the stock rallying to its 52-week high on 01/24/22, shares of the company touched a low of $20.76 and a high of $32.28 in 52 weeks. It has reached a new high 8 times so far this year and lost -0.16% or $0.33 in price. In spite of this, the price is down -0.90% from the 52-week high.


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Valuation Metrics

GCP Applied Technologies Inc. (GCP) has a trailing price-to-earnings (P/E) ratio of 177.58. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.34, the price-to-book (PB) ratio at 3.64.

Financial Health

The quick ratio of GCP Applied Technologies Inc. for the three months ended March 30 was 3.20, and the current ratio was 3.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.54 for the quarter ending March 30. Its gross profit as reported stood at $343.9 million compared to revenue of $970.1 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, GCP Applied Technologies Inc.’s return on assets was 0.80%.

Earnings Surprise

For the three-month period that ended March 30, GCP Applied Technologies Inc. had $348.1 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.5 million in the quarter, while revenues were shrunk -85.45%. The analyst consensus anticipated GCP Applied Technologies Inc.’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.04, a -60.00% surprise. For the quarter, EBITDA amounted to $31.2 million. Shareholders own equity worth $74.02 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GCP Applied Technologies Inc. (GCP) price momentum. RSI 9-day as of the close on 21 September was 77.72%, suggesting the stock is Overbought, with historical volatility in this time frame at 6.28%.

As of today, GCP’s price is $31.60 +1.68% or $0.53 from its 5-day moving average. GCP is currently trading +1.39% higher than its 20-day SMA and +1.98% higher than its 100-day SMA. However, the stock’s current price level is +1.17% above the SMA50 and +1.11% above the SMA200.

The stochastic %K and %D were 65.73% and 48.64%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 98.39% and the average true range at 0.15, the RSI (14) stands at 69.84%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.13.

Analyst Ratings

Jefferies downgraded GCP Applied Technologies Inc. (NYSE: GCP) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for GCP Applied Technologies Inc. (GCP) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GCP, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is GCP’s price target for the next 12 months?

Analysts predict a range of price targets between $32.00 and $32.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for GCP Applied Technologies Inc. (GCP) stock is $32.00.

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