Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) does about 422.64K shares in volume on a normal day but saw 185667 shares change hands in the recent trading day. The company now has a market cap of 783.05M USD. Its current market price is $11.64, marking an increase of 0.82% compared to the previous close of $11.55. The 52 week high reached by this stock is $12.89 whilst the lowest price level in 52 weeks is $6.55.
Great Lakes Dredge & Dock Corporation (GLDD) has a 20-day trading average at $12.22 and the current price is -9.70% off the 52-week high compared with 77.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.11 and its 200-day simple moving average is $9.81. If we look at the stock’s price movements over the week, volatility stands at 4.15%, which decreases to 2.99% 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 41.01 to suggest the stock is neutral.
The consensus objective for the share price is $14.75, suggesting that the stock has a potential upside of 21.08% over the period.
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 -4.76%, -3.84%, and 18.64% away from its SMA20, SMA50, and SMA200 respectively, with the GLDD price moving above the 50-day SMA on current market day. Great Lakes Dredge & Dock Corporation (GLDD) stock is down -2.02% over the week and -5.60% over the past month. Its price is 51.56% year-to-date and 52.56% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.23 and 0.78 for whole year. Expected sales for next quarter are $196.5M, which analysts say will come at $771.2M for the current fiscal year and next year at $830.73M. In addition, estimates put the company’s current quarterly revenue at an average of $211.2M.
To reach the target analysts have set, the stock logically needs to grow 21.08 percent from here.
The company has a return on investment of 6.70% and return on equity of 14.94%. The price to earnings ratio (P/E ratio) amounts to 13.29 while the forward price to earnings ratio is 13.86. The beta has a value of 1.16. Price to book ratio is 1.84 and price to sales ratio is 1.06.
