GrafTech International Ltd (EAF) stock forecast: Can it reach its 52-week high of $2.76

GrafTech International Ltd [EAF] stock prices are down -0.94% to $2.10 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 EAF shares have gain 1.45% over the last week, with a monthly amount glided 20.69%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

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

The stock price of GrafTech International Ltd [EAF] has been fluctuating between $0.52 and $2.76 over the past year. Currently, Wall Street analysts expect the stock to reach $6.59 within the next 12 months. GrafTech International Ltd [NYSE: EAF] shares were valued at $2.10 at the most recent close of the market. An investor can expect a potential return of 213.81% based on the average EAF price forecast.

Analyzing the EAF fundamentals

The GrafTech International Ltd [NYSE:EAF] reported sales of 541.71M for trailing twelve months, representing a drop of -17.82%. Gross Profit Margin for this corporation currently stands at -0.1% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.59%, and Net Profit Margin reading is -0.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -9.72 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-108.6.

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 2.04 points at the first support level, and at 1.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.20, and for the 2nd resistance point, it is at 2.31.

Ratios To Look Out For

It’s worth pointing out that GrafTech International Ltd [NYSE:EAF]’s Current Ratio is 3.79. In addition, the Quick Ratio stands at 1.98 and the Cash Ratio stands at 0.96. Considering the valuation of this stock, the price to sales ratio is 0.98.

Transactions by insiders

Recent insider trading involved Colonial House Capital Ltd, 10% Owner, that happened on May 17 ’24 when 0.33 million shares were purchased. 10% Owner, Colonial House Capital Ltd completed a deal on May 10 ’24 to buy 0.5 million shares. Meanwhile, 10% Owner Colonial House Capital Ltd bought 0.11 million shares on May 09 ’24.

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