Granite Ridge Resources Inc [GRNT] stock prices are down -1.20% to $6.59 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GRNT shares have gain 8.57% over the last week, with a monthly amount glided 6.63%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, ROTH MKM started tracking the stock with Buy rating on May 15, 2024, and set its price target to $8.80. On November 07, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $9 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $8 on September 27, 2023.
The stock price of Granite Ridge Resources Inc [GRNT] has been fluctuating between $5.20 and $7.10 over the past year. Granite Ridge Resources Inc [NYSE: GRNT] shares were valued at $6.59 at the most recent close of the market.
Analyzing the GRNT fundamentals
The Granite Ridge Resources Inc [NYSE:GRNT] reported sales of 380.52M for trailing twelve months, representing a drop of -13.22%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 11.06, Equity is 0.07 and Total Capital is -1.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 6.52 points at the first support level, and at 6.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.69, and for the 2nd resistance point, it is at 6.80.
Ratios To Look Out For
It’s worth pointing out that Granite Ridge Resources Inc [NYSE:GRNT]’s Current Ratio is 1.56. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 18.04.
Transactions by insiders
Recent insider trading involved Miller Matthew Reade, Director, that happened on Sep 13 ’24 when 495.0 shares were purchased. Director, Perry Griffin completed a deal on Sep 12 ’24 to buy 5000.0 shares. Meanwhile, Chief Financial Officer Farquharson Tyler bought 5000.0 shares on Sep 11 ’24.
