After finishing at $2.98 in the prior trading day, Glatfelter Corporation (NYSE: GLT) closed at $2.80, down -6.04%. In other words, the price has decreased by -$0.1800 from its previous closing price. On the day, 938081 shares were traded. GLT stock price reached its highest trading level at $2.9100 during the session, while it also had its lowest trading level at $2.7400.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Our goal is to gain a better understanding of GLT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.49.
Upgrades & Downgrades
On April 20, 2021, BMO Capital Markets Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $21 to $19.
BMO Capital Markets Upgraded its Market Perform to Outperform on May 05, 2017, whereas the target price for the stock was revised from $23 to $24.
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 24 when ELDER DAVID C bought 8,800 shares for $3.52 per share. The transaction valued at 31,001 led to the insider holds 90,023 shares of the business.
Laures Wolfgang bought 277,000 shares of GLT for $1,030,994 on Feb 23. The SVP, IGSC and IT now owns 316,568 shares after completing the transaction at $3.72 per share. On Sep 07, another insider, Hackett Darrel H., who serves as the Director of the company, bought 25,000 shares for $4.20 each. As a result, the insider paid 105,000 and bolstered with 36,702 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.40.
Stock Price History:
Over the past 52 weeks, GLT has reached a high of $13.78, while it has fallen to a 52-week low of $2.08. The 50-Day Moving Average of the stock is 3.7052, while the 200-Day Moving Average is calculated to be 4.5090.
The stock has traded on average 511.31K shares per day over the past 3-months and 521.66k shares per day over the last 10 days, according to various share statistics. A total of 44.88M shares are outstanding, with a floating share count of 43.43M. Insiders hold about 2.00% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for GLT as of Jan 30, 2023 were 1.21M with a Short Ratio of 0.98M, compared to 929.78k on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.70% and a Short% of Float of 3.77%.
Dividends & Splits
In the trailing 12 months, GLT’s forward annual dividend rate was 0.54, compared to 0.56 this year. The stock’s 5-year Average Dividend Yield is 4.75.
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.05 and a low estimate of $0.05, while EPS last year was $0.04. The consensus estimate for the next quarter is $0.06, with high estimates of $0.06 and low estimates of $0.06.
Analysts are recommending an EPS of between -$0.22 and -$0.22 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is $0.34, with 1 analysts recommending between $0.34 and $0.34.
1 analysts predict $397M in revenue for the current quarter. It ranges from a high estimate of $397M to a low estimate of $397M. As of the current estimate, Glatfelter Corporation’s year-ago sales were $334.46M, an estimated increase of 18.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $400.9M, an increase of 5.00% less than the figure of $18.70% in the same quarter last year. There is a high estimate of $400.9M for the next quarter, whereas the lowest estimate is $400.9M.
A total of 1 analysts have provided revenue estimates for GLT’s current fiscal year. The highest revenue estimate was $1.51B, while the lowest revenue estimate was $1.51B, resulting in an average revenue estimate of $1.51B. In the same quarter a year ago, actual revenue was $1.08B, up 39.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $1.59B in the next fiscal year. The high estimate is $1.59B and the low estimate is $1.59B. The average revenue growth estimate for next year is up 4.80% from the average revenue estimate for this year.