Company’s 36-month beta value is 1.71.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for GLT is 43.62M, and currently, short sellers hold a 6.29% ratio of that floaft. The average trading volume of GLT on April 18, 2024 was 1.61M shares.
GLT) stock’s latest price update
Glatfelter Corporation (NYSE: GLT)’s stock price has dropped by -7.50 in relation to previous closing price of 1.60. Nevertheless, the company has seen a loss of -16.38% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-04 that CHARLOTTE, N.C., April 04, 2024 (GLOBE NEWSWIRE) — Glatfelter Corporation (NYSE: GLT) announced today that it expects to issue its 2024 first-quarter results on Thursday, May 9, 2024. Management will hold a conference call at 11:00 AM (ET) that morning to discuss the Company’s results. Glatfelter’s earnings release and an accompanying financial supplement, which includes significant financial information to be discussed on the conference call, will be available on its Investor Relations website at https://www.glatfelter.com/investors/.
GLT’s Market Performance
Glatfelter Corporation (GLT) has experienced a -16.38% fall in stock performance for the past week, with a -15.43% drop in the past month, and a 6.47% rise in the past quarter. The volatility ratio for the week is 6.48%, and the volatility levels for the past 30 days are at 7.25% for GLT. The simple moving average for the past 20 days is -17.53% for GLT’s stock, with a -25.82% simple moving average for the past 200 days.
Analysts’ Opinion of GLT
Many brokerage firms have already submitted their reports for GLT stocks, with BMO Capital Markets repeating the rating for GLT by listing it as a “Outperform.” The predicted price for GLT in the upcoming period, according to BMO Capital Markets is $17 based on the research report published on July 26, 2021 of the previous year 2021.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see GLT reach a price target of $19, previously predicting the price at $21. The rating they have provided for GLT stocks is “Market Perform” according to the report published on April 20th, 2021.
BMO Capital Markets gave a rating of “Outperform” to GLT, setting the target price at $24 in the report published on May 05th of the previous year.
GLT Trading at -24.08% from the 50-Day Moving Average
After a stumble in the market that brought GLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.72% of loss for the given period.
Volatility was left at 7.25%, however, over the last 30 days, the volatility rate increased by 6.48%, as shares sank -12.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.63% upper at present.
During the last 5 trading sessions, GLT fell by -16.38%, which changed the moving average for the period of 200-days by -50.99% in comparison to the 20-day moving average, which settled at $1.7840. In addition, Glatfelter Corporation saw -23.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLT starting from CARLSON CAPITAL L P, who purchase 50,000 shares at the price of $1.60 back on Oct 26 ’23. After this action, CARLSON CAPITAL L P now owns 7,176,000 shares of Glatfelter Corporation, valued at $80,000 using the latest closing price.
CARLSON CAPITAL L P, the 10% Owner of Glatfelter Corporation, purchase 25,000 shares at $1.55 during a trade that took place back on Oct 25 ’23, which means that CARLSON CAPITAL L P is holding 7,126,000 shares at $38,698 based on the most recent closing price.
Stock Fundamentals for GLT
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.09 for the gross margin
The net margin for Glatfelter Corporation stands at -0.06. The total capital return value is set at 0.0. Equity return is now at value -27.17, with -4.86 for asset returns.
Based on Glatfelter Corporation (GLT), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 3.37. The interest coverage ratio of the stock is 0.01.
Currently, EBITDA for the company is 84.68 million with net debt to EBITDA at 13.23. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 8.1for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In a nutshell, Glatfelter Corporation (GLT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
