Global Industrial Co (GIC) At $21.46 Offering A Unique Opportunity

money audit

Global Industrial Co (NYSE:GIC) currently has a daily average trading volume of 119.29K but it saw 215844 shares traded in last market. With a market cap of 822.16M USD, the company’s current market price of $21.46 came falling about -2.45 while comparing to the previous closing price of $22.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.38 and as low as $20.79. In the recent trading on the day, stock has struck highest price mark of $21.35 while lowest mark touched by it was $22.029.

Taking a look at 20-day trading activity of Global Industrial Co (GIC) gives us an average price of $22.29, while its current price level is -48.14% below from 52-week high level whereas it is 3.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.04 while that of 200 days or SMA-200 reads an average of $28.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.94% during that period while stretching the period over a month that increases to 3.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.66 which implies that the stock is in neutral territory.

Over the week, GIC’s stock price is moving -1.87% down while it is -5.55% when we observe its performance for the past one month. Year-to-date it is -13.43% down and over the past year, the stock is showing a downside performance of -47.54%.

The company is expected to be releasing its next quarterly report on 2025-Feb-24, for which analysts forecasted an EPS of 0.2 while estimate for next year EPS is 1.52. In next quarter, company is expected to be making quarterly sales of $344.53M as analysts are expecting the sales for current fiscal year at $1.34B and seeing the company making $1.39B in sales next year. Moreover, analysts are in estimates of $307.15M for current-quarter revenue.

Currently, Global Industrial Co’s total number of outstanding shares is 38.23M with 53.19% of that held by the insiders while 34.49% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 17.31% and return on equity (ROE) at 22.49%. It has a price to earnings ratio (P/E ratio) of 13.60 while having a 11.32 of forward P/E ratio. Stock’s beta reads 0.82. Stock has a price to book (P/B) ratio of 2.92 while price to sale or P/S ratio amounts to 0.62. Its return on asset (ROA) is 11.66% on average.