Is GrafTech International Ltd. (NYSE: EAF) Proving The Doubters Wrong?

GrafTech International Ltd. (EAF) concluded trading on Thursday at a closing price of $1.76, with 7.57 million shares of worth about $13.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -50.00% during that period and on Thursday the price saw a gain of about 11.39%. Currently the company’s common shares owned by public are about 256.83M shares, out of which, 208.03M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 47 times over the past 12 months. They bought 36,451 shares in 2 of the transactions. In 45 selling transactions, insiders dumped 3,303,243 shares.

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Stock saw a price change of 39.68% in past 5 days and over the past one month there was a price change of 19.73%. Year-to-date (YTD), EAF shares are showing a performance of -19.63% which decreased to -68.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.18 but also hit the highest price of $5.82 during that period. The average intraday trading volume for GrafTech International Ltd. shares is 4.02 million. The stock is currently trading 29.70% above its 20-day simple moving average (SMA20), while that difference is up 6.29% for SMA50 and it goes to -46.77% lower than SMA200.

GrafTech International Ltd. (NYSE: EAF) currently have 256.83M outstanding shares and institutions hold larger chunk of about 74.37% of that.

The stock has a current market capitalization of $452.02M and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$0.99 in the same period. It has Quick Ratio of 1.73 while making debt-to-equity ratio of 11.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EAF, volatility over the week remained 12.50% while standing at 11.35% over the month.

Analysts are in expectations that GrafTech International Ltd. (EAF) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is $0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.14 which is -$0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 64.41% while it is estimated to increase by 104.50% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on January 16, 2024 offering a Neutral rating for the stock and assigned a target price of $2 to it. Coverage by RBC Capital Mkts stated GrafTech International Ltd. (EAF) stock as a Sector perform in their note to investors on July 13, 2022, suggesting a price target of $7 for the stock. On June 07, 2022, Citigroup Downgrade their recommendations, while on June 16, 2021, JP Morgan Resumed their ratings for the stock with a price target of $18. Stock get an Outperform rating from RBC Capital Mkts on May 13, 2021.

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