The time has not yet come to remove your chips from the table: GrafTech International Ltd. (EAF)

GrafTech International Ltd. (NYSE: EAF) stock jumped 0.25% on Friday to $3.94 against a previous-day closing price of $3.93. With 2.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.54 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $3.9700 whereas the lowest price it dropped to was $3.8500. The 52-week range on EAF shows that it touched its highest point at $6.74 and its lowest point at $3.32 during that stretch. It currently has a 1-year price target of $4.51. With its current market cap of 1.01 billion, EAF has annualized dividend of $0.04 while the current yield stands at 1.02%. Beta for the stock currently stands at 1.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EAF was up-trending over the past week, with a rise of 14.53%, but this was down by -0.76% over a month. Three-month performance dropped to -20.72% while six-month performance fell -17.57%. The stock lost -28.10% in the past year, while it has lost -17.23% so far this year. A look at the trailing 12-month EPS for EAF yields 0.50 with Next year EPS estimates of 0.34. For the next quarter, that number is -0.01. This implies an EPS growth rate of 1.50% for this year and 780.00% for next year. EPS is expected to decline by -5.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.30%.

Float and Shares Shorts:

At present, 257.00 million EAF shares are outstanding with a float of 256.40 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.6 million, which was 2.18% higher than short shares on Jul 30, 2023. In addition to Mr. Marcel Kessler as the firm’s CEO, Pres & Director, Mr. Timothy K. Flanagan serves as its CFO, Sr. VP of Fin. & Treasurer.

Institutional Ownership:

Through their ownership of 97.34% of EAF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.76% of EAF, in contrast to 25.09% held by mutual funds. Shares owned by individuals account for 22.05%. As the largest shareholder in EAF with 12.84% of the stake, Fidelity Management & Research Co holds 32,976,462 shares worth 32,976,462. A second-largest stockholder of EAF, The Vanguard Group, Inc., holds 21,860,021 shares, controlling over 8.51% of the firm’s shares. Grantham, Mayo, Van Otterloo & Co is the third largest shareholder in EAF, holding 20,353,111 shares or 7.93% stake. With a 6.94% stake in EAF, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 17,830,495 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 3.23% of EAF stock, is the second-largest Mutual Fund holder. It holds 8,290,957 shares valued at 29.35 million. Vanguard Total Stock Market ETF holds 2.33% of the stake in EAF, owning 5,984,730 shares worth 21.19 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, EAF reported revenue of $363.65M and operating income of $143.40M. The EBITDA in the recently reported quarter was $158.90M and diluted EPS was $0.44.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EAF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EAF analysts setting a high price target of $6.00 and a low target of $4.00, the average target price over the next 12 months is $4.83. Based on these targets, EAF could surge 52.28% to reach the target high and rise by 1.52% to reach the target low. Reaching the average price target will result in a growth of 22.59% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded EAF stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 12,480 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 54,487 while 10,141 shares were sold.

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