Market Momentum: GFL Environmental Inc. (GFL) Registers a -3.14 Decrease, Closing at 38.24

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GFL Environmental Inc. (NYSE: GFL) closed the day trading at $38.24 down -3.14% from the previous closing price of $39.48. In other words, the price has decreased by -$3.14 from its previous closing price. On the day, 1.36 million shares were traded. GFL stock price reached its highest trading level at $39.81 during the session, while it also had its lowest trading level at $38.24.

Ratios:

For a better understanding of GFL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 1.34 whereas as Long-Term Debt/Eq ratio is at 1.33.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on July 09, 2024, Downgraded its rating to Market Perform and sets its target price to $42 from $43 previously.

On January 31, 2024, UBS started tracking the stock assigning a Buy rating and target price of $44.UBS initiated its Buy rating on January 31, 2024, with a $44 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GFL now has a Market Capitalization of 14863085568 and an Enterprise Value of 24151959552. As of this moment, GFL’s Price-to-Earnings (P/E) ratio for their current fiscal year is 978.01, and their Forward P/E ratio for the next fiscal year is 36.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 3.213 whereas that against EBITDA is 13.792.

Stock Price History:

Over the past 52 weeks, GFL has reached a high of $40.27, while it has fallen to a 52-week low of $26.87. The 50-Day Moving Average of the stock is 5.05%, while the 200-Day Moving Average is calculated to be 13.86%.

Shares Statistics:

Over the past 3-months, GFL traded about 1.35M shares per day on average, while over the past 10 days, GFL traded about 1040820 shares per day. A total of 359.35M shares are outstanding, with a floating share count of 238.37M. Insiders hold about 36.68% of the company’s shares, while institutions hold 59.88% stake in the company. Shares short for GFL as of 1721001600 were 8045389 with a Short Ratio of 5.33, compared to 1718323200 on 6880138. Therefore, it implies a Short% of Shares Outstanding of 8045389 and a Short% of Float of 4.8.

Dividends & Splits

GFL’s forward annual dividend rate is 0.05, up from 0.07 a year ago. Against a Trailing Annual Dividend Yield of 0.0017730497

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