Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) closed the day trading at $7.10 down -0.56% from the previous closing price of $7.14. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 0.52 million shares were traded. GLDD stock price reached its highest trading level at $7.22 during the session, while it also had its lowest trading level at $7.04.
Ratios:
For a better understanding of GLDD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 1.31 whereas as Long-Term Debt/Eq ratio is at 1.23.
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, Imperial Capital on August 08, 2016, Downgraded its rating to In-line and sets its target price to $4 from $5.50 previously.
On August 05, 2016, DA Davidson reiterated its Neutral rating and also upped its target price recommendation from $5 to $4.
Imperial Capital reiterated its Outperform rating for the stock on February 24, 2016, while the target price for the stock was revised from $6.50 to $5.50.
Insider Transactions:
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 May 19 ’23 when Levenson Ryan bought 121,721 shares for $6.82 per share. The transaction valued at 830,490 led to the insider holds 333,888 shares of the business.
Levenson Ryan bought 6,860 shares of GLDD for $46,286 on May 18 ’23. The Director now owns 212,167 shares after completing the transaction at $6.75 per share. On May 17 ’23, another insider, Levenson Ryan, who serves as the Director of the company, bought 5,207 shares for $6.64 each. As a result, the insider paid 34,552 and bolstered with 205,307 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLDD now has a Market Capitalization of 476495872 and an Enterprise Value of 956057792. As of this moment, Great’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.63, and their Forward P/E ratio for the next fiscal year is 10.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 1.621 whereas that against EBITDA is 15.691.
Stock Price History:
The Beta on a monthly basis for GLDD is 0.98, which has changed by 0.2262522 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, GLDD has reached a high of $9.78, while it has fallen to a 52-week low of $5.28. The 50-Day Moving Average of the stock is -15.20%, while the 200-Day Moving Average is calculated to be -10.32%.
Shares Statistics:
Over the past 3-months, GLDD traded about 373.66K shares per day on average, while over the past 10 days, GLDD traded about 301180 shares per day. A total of 66.62M shares are outstanding, with a floating share count of 64.34M. Insiders hold about 3.61% of the company’s shares, while institutions hold 83.63% stake in the company. Shares short for GLDD as of 1713139200 were 1366581 with a Short Ratio of 3.66, compared to 1710460800 on 1575807. Therefore, it implies a Short% of Shares Outstanding of 1366581 and a Short% of Float of 2.3599999.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.12.
Earnings Estimates
The stock of Great Lakes Dredge & Dock Corporation (GLDD) is currently in the spotlight, with 4.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.01, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.12, with high estimates of $0.16 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.75 and $0.45 for the fiscal current year, implying an average EPS of $0.61. EPS for the following year is $0.69, with 4.0 analysts recommending between $0.85 and $0.53.
Revenue Estimates
4 analysts predict $173.5M in revenue for the current quarter. It ranges from a high estimate of $182.9M to a low estimate of $167.5M. As of the current estimate, Great Lakes Dredge & Dock Corporation’s year-ago sales were $147.67MFor the next quarter, 4 analysts are estimating revenue of $171.07M. There is a high estimate of $183.4M for the next quarter, whereas the lowest estimate is $158.4M.
A total of 4 analysts have provided revenue estimates for GLDD’s current fiscal year. The highest revenue estimate was $750M, while the lowest revenue estimate was $675M, resulting in an average revenue estimate of $718.65M. In the same quarter a year ago, actual revenue was $589.62MBased on 4 analysts’ estimates, the company’s revenue will be $769.17M in the next fiscal year. The high estimate is $805M and the low estimate is $720M.
