GrafTech International Ltd. (NYSE:EAF) saw a downside of -5.04% to close Tuesday at $3.58 after subtracting -$0.19 on the day. The 5-day average trading volume is 1,544,820 shares of the company’s common stock. It has gained $4.32 in the past week and touched a new high 1 time within the past 5 days. An average of 1,671,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,553,352.
EAF’s 1-month performance is -27.68% or -$1.21 on its low of $3.56 reached on 08/22/23. The company’s shares have touched a 52-week low of $3.75 and high of $6.78, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, EAF has lost -24.79% or -$1.18 and has reached a new high 19 times. However, the current price is down -47.16% from the 52-week high price.
Valuation Metrics
EAF stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.07 while the price-to-book (PB) in the most recent quarter is 2.86, with the price to cash flow ratio at 18.30.
GrafTech International Ltd.’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 4.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.88, while the total debt to equity was 2.88.. In terms of profitability, the gross margin trailing 12 months is 31.10%. The trailing 12-month EBITDA margin is 40.61% while for the period ending June 29, GrafTech International Ltd.’s operating margin was 21.60%. The firm’s gross profit as reported stood at $554.88 million against revenue of $1.28 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1564.97% to -$7.85 million, while revenue of -$7.37 million was 6.11% off the previous quarter. Analysts expected EAF to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.02, representing a -100.00% surprise. EBITDA for the quarter stood at more than $23.92 million. EAF stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.2 billion, with total debt at $927.32 million. Shareholders hold equity totaling $256.81 million.
Let’s look briefly at GrafTech International Ltd. (EAF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 20.16% to suggest the stock is trending oversold, with historical volatility in this time period at 39.78%.
The stock’s 5-day moving average is $3.84, reflecting a -16.94% or -$0.73 change from its current price. EAF is currently trading -28.26% above its 20-day SMA, -23.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.31% and SMA200 by-26.64%.
Stochastic %K and %D was 4.18% and 8.67% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 27.40%, while the 14-day stochastic is at 1.47% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.31 and -0.44 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for GrafTech International Ltd. (NYSE: EAF), RBC Capital Mkts downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for EAF stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate EAF as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is EAF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $4.50, with their median price target at $4.25. Looking at these predictions, the average price target given by analysts is for GrafTech International Ltd. (EAF) stock is $4.25.
