GrafTech International Ltd. (EAF) stock expected to rise by 389.4%: What’s driving the optimism?

Currently, GrafTech International Ltd. [EAF] is trading at $1.51, up 6.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EAF shares have gain 9.42% over the last week, with a monthly amount drifted -14.69%, and not seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

On 4, April 2024, GrafTech Announces First Quarter 2024 Earnings Conference Call and Webcast. In a post published today on Yahoo Finance, GrafTech International Ltd. (NYSE:EAF) (the “Company”) will hold its First Quarter 2024 Earnings Conference Call and Webcast on Friday, April 26, 2024 at 10:00 a.m. (EDT). The call will be hosted by senior management to discuss financial results for the first quarter ended March 31, 2024 and current business initiatives. These financial results will be released on Friday, April 26, 2024 before market open and will be available on our investor relations website at: http://ir.graftech.com.

From an analyst’s perspective:

GrafTech International Ltd. [NYSE: EAF] stock has seen the most recent analyst activity on January 16, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $2. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on July 13, 2022, and dropped its price target to $7. On June 07, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. RBC Capital Mkts upgraded its rating to a Outperform and raised its price target to $16 on May 13, 2021. Citigroup upgraded its rating to Buy for this stock on February 08, 2021. In a note dated February 13, 2020, RBC Capital Mkts downgraded an Sector Perform rating on this stock.

This stock has fluctuated between a low of $1.18 and a high of $5.32 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $7.39 within the next 12 months. GrafTech International Ltd. [NYSE: EAF] shares were valued at $1.51 at the most recent close of the market. An investor can expect a potential return of 389.4% based on the average EAF price forecast.

Analyzing the EAF fundamentals

Trailing Twelve Months sales for GrafTech International Ltd. [NYSE:EAF] were 620.50M which represents -44.59% decline. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.44%, and Net Profit Margin reading is -0.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -1.0 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of11.86.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4233 points at the first support level, and at 1.3367 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5633, and for the 2nd resistance point, it is at 1.6167.

GrafTech International Ltd. [EAF] reported earnings per share of -$0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.12/share, meaning a difference of -$0.15 and a surprise factor of -125.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 per share as compared to estimates of -$0.03 per share, a difference of -$0.05 representing a surprise of -166.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for GrafTech International Ltd. [NYSE:EAF] is 3.54. Also, the Quick Ratio is 1.73, while the Cash Ratio stands at 0.93. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 4.96.

Transactions by insiders

Recent insider trading involved BCP GP Ltd, Former 10% Owner, that happened on Jan 02 ’24 when 3.92 million shares were sold. Former 10% Owner, BCP GP Ltd completed a deal on Jan 02 ’24 to sell 3.92 million shares. Meanwhile, Former 10% Owner BCP GP Ltd sold 3.92 million shares on Jan 02 ’24.

Related Posts