How Griffon Corporation (GFF) Works From A Technical Perspective

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Griffon Corporation (NYSE:GFF) finished Friday with an addition of $0.99 to close at $35.79, an upside of 2.84 percent. An average of 561,960 shares of common stock have been traded in the last five days. There was a gain of $0.81 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 493,550 shares traded, while the 50-day average volume stands at 425,394.

GFF stock has increased by 1.36% in the last month. The company shares reached their 1-month lowest point of $33.82 on 12/16/22. With the stock rallying to its 52-week high on 12/13/22, shares of the company touched a low of $16.32 and a high of $37.69 in 52 weeks. It has reached a new high 18 times so far this year and achieved 35.24% or $7.31 in price. In spite of this, the price is down -5.04% from the 52-week high.


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Valuation Metrics

Griffon Corporation (GFF) stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.70, the price-to-book (PB) ratio at 3.90.

The company’s most recent quarterly dividend payment was $0.10 a share, representing a up of 11.11% from $0.09 last year. Its latest increase dividend $0.01 reported on Wednesday November 16 2022.

Financial Health

The quick ratio of Griffon Corporation for the three months ended September 29 was 1.30, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.27 and a total debt to equity ratio of 3.30 for the quarter ending September 29. Its gross profit as reported stood at $936.89 million compared to revenue of $2.85 billion.

Earnings Surprise

For the three-month period that ended September 29, Griffon Corporation had $1.57 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $140.29 million in the quarter, while revenues of $65.69 million were grew 88.09%. The analyst consensus anticipated Griffon Corporation’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $1.09, a 39.70% surprise. For the quarter, EBITDA amounted to $102.11 million. Shareholders own equity worth $57.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Griffon Corporation (GFF) price momentum. RSI 9-day as of the close on 30 December was 55.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.60%.

As of today, GFF’s price is $35.56 +2.32% or $0.81 from its 5-day moving average. GFF is currently trading +0.85% higher than its 20-day SMA and +14.82% higher than its 100-day SMA. However, the stock’s current price level is +19.46% above the SMA50 and +59.56% above the SMA200.

The stochastic %K and %D were 32.82% and 40.60%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 50.90% and the average true range at 1.30, the RSI (14) stands at 54.73%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.31.

Analyst Ratings

Raymond James upgraded Griffon Corporation (NYSE: GFF) to a a Strong buy rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Griffon Corporation (GFF) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GFF, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

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

Analysts predict a range of price targets between $42.00 and $54.00, with a median target of $46.00. Taking a look at these predictions, the average price target given by analysts for Griffon Corporation (GFF) stock is $47.40.

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