Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) does about 431.77K shares in volume on a normal day but saw 1415209 shares change hands in the recent trading day. The company now has a market cap of 680.63M USD. Its current market price is $10.13, marking an increase of 2.95% compared to the previous close of $9.84. The 52 week high reached by this stock is $9.93 whilst the lowest price level in 52 weeks is $6.11.
Great Lakes Dredge & Dock Corporation (GLDD) has a 20-day trading average at $8.96 and the current price is 2.02% off the 52-week high compared with 65.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.93 and its 200-day simple moving average is $8.25. If we look at the stock’s price movements over the week, volatility stands at 4.76%, which decreases to 4.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.78 to suggest the stock is neutral.
The consensus objective for the share price is $13.25, suggesting that the stock has a potential upside of 23.55% over the period.
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The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 08, 2016 when Imperial Capital downgraded the stock to “In-line” and issued a price target of between $5.50 and $4. Imperial Capital reiterated its price target at $6.50-$5.50.
The current price level is 13.69%, 13.72%, and 23.12% away from its SMA20, SMA50, and SMA200 respectively, with the GLDD price moving below the 50-day SMA on current market day. Great Lakes Dredge & Dock Corporation (GLDD) stock is up 15.38% over the week and 10.11% over the past month. Its price is 31.90% year-to-date and 17.52% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -0.09 above consensus estimates by 0.03. The company’s next earnings report forecasts estimating quarterly EPS at 0.18 and 0.81 for whole year. Expected sales for next quarter are $197.2M, which analysts say will come at $750.02M for the current fiscal year and next year at $793.42M. In addition, estimates put the company’s current quarterly revenue at an average of $184.1M.
To reach the target analysts have set, the stock logically needs to grow 23.55 percent from here.
Outstanding shares total 66.62M with insiders holding 2.20% of the shares and institutional holders owning 81.71% of the company’s common stock. The company has a return on investment of 5.02% and return on equity of 11.21%. The price to earnings ratio (P/E ratio) amounts to 15.52 while the forward price to earnings ratio is 12.24. The beta has a value of 1.15. Price to book ratio is 1.63 and price to sales ratio is 1.02.
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