As of Wednesday close, GFL Environmental Inc.’s (NYSE:GFL) stock was up $0.72, moving up 2.20 percent to $33.48. The average number of shares traded per day over the past five days has been 1,188,740 shares. 2 times new highs have been achieved over the past 5 days, with a $0.40 gain in that time frame. In the last twenty days, the average volume was 1,351,305, while in the previous 50 days, it was 941,744.
Since last month, GFL stock retreated -9.66%. Shares of the company fell to $32.43 on 08/16/23, the lowest level in the past month. A 52-week high of $39.06 was reached on 07/05/23 after having rallying from a 52-week low of $23.10. Since the beginning of this year, GFL’s stock price has risen by 14.54% or $4.25, and marked a new high 25 times. However, the stock has declined by -14.27% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 2.24, the price-to-book (PB) ratio of 1.78, and the price-to-cash flow ratio of 52.47 may also be considered.
The latest dividend of $0.0130 per share was paid out, remained unchanged from last year’s $0.0130. On Thursday April 6 2023, a $0.0010 dividend increase was announced.
Financial Health
In the three months ended June 29, GFL Environmental Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.42, and the total debt-to-equity ratio was 1.43. On the profitability front, the trailing twelve-month gross margin is 14.00% percent. In the year ended June 29, EBITDA margin amounted to 24.75%, whereas operating margins totaled 0.90%. Based on annual data, GFL earned $613.51 million in gross profit and brought in $5.2 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.50%. Return on equity (ROE) for the past 12 months was -4.90%.
In GFL Environmental Inc.’s quarter-end financial report for June 29, it reported total debt of $28.5 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GFL’s revenue rose 100.0% during the quarter, while net income inched up to $3.21 billion. While analysts expected GFL Environmental Inc. to report $0.19 quarterly earnings, the actual figure was $0.36 per share, beating the consensus estimate by 89.50%. During the quarter, the company generated $366.65 million in EBITDA. The liabilities of GFL Environmental Inc. were 8.5 billion at the end of its most recent quarter ended June 29, and its total debt was $8.29 billion.
Technical Picture
This quick technical analysis looks at GFL Environmental Inc.’s (GFL) price momentum. With a historical volatility rate of 16.41%, the RSI 9-day stood at 40.94% on 16 August.
With respect to its five-day moving average, the current GFL Environmental Inc. price is up by +1.21% percent or $0.40. At present, GFL shares trade -9.66% below its 20-day simple moving average and +3.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.65% below its SMA50 and +27.45% above its SMA200.
Stochastic coefficient K was 16.25% and Stochastic coefficient D was 9.08%, while ATR was 0.81. Given the Stochastic reading of 37.10% for the 14-day period, the RSI (14) reading has been calculated as 36.48%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.31.
Analyst Ratings
GFL Environmental Inc. (GFL) has been rated Buy by analysts. According to 1 brokerage firm, GFL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate GFL Environmental Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $42.06, the current consensus forecast for the stock is $29.18 – $45.00. Based on these forecasts, analysts predict GFL Environmental Inc. (GFL) will achieve an average price target of $41.42.
