Is GrafTech International Ltd. (NYSE: EAF) Back In The Buying Zone?

Currently, there are 256.60M common shares owned by the public and among those 233.01M shares have been available to trade.

Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 78,458 shares. Insider sales of the common stock occurred on 48 occasions, with total insider shares sold totaling 3,313,384 shares.

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The company’s stock has a 5-day price change of -18.95% and -63.42% over the past three months. EAF shares are trading -43.38% year to date (YTD), with the 12-month market performance down to -81.18% lower. It has a 12-month low price of $1.27 and touched a high of $5.97 over the same period. EAF has an average intraday trading volume of 3.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -22.43%, -39.67%, and -65.25% respectively.

Institutional ownership of GrafTech International Ltd. (NYSE: EAF) shares accounts for 70.72% of the company’s 256.60M shares outstanding.

It has a market capitalization of $318.44M and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 25.46, while the earnings-per-share (ttm) stands at $0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.13% over the week and 8.40% over the month.

Analysts forecast that GrafTech International Ltd. (EAF) will achieve an EPS of -$0.12 for the current quarter, -$0.1 for the next quarter and -$0.2 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.17 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -118.89%, and 23.92% over the next financial year. EPS should shrink at an annualized rate of -5.87% over the next five years, compared to 123.73% over the past 5-year period.

Looking at the support for the EAF, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on January 16, 2024, with the firm’s price target at $2.

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