Global Industrial Co (NYSE: GIC) has experienced a decline in its stock price by -10.36 compared to its previous closing price of 38.51. However, the company has seen a fall of -15.72% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that Global Industrial (GIC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.35 per share a year ago.
Is It Worth Investing in Global Industrial Co (NYSE: GIC) Right Now?
Global Industrial Co (NYSE: GIC) has a higher price-to-earnings ratio of 18.74x compared to its average ratio, The 36-month beta value for GIC is at 0.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GIC is 7.85M, and currently, shorts hold a 4.36% of that float. The average trading volume for GIC on May 02, 2024 was 80.12K shares.
GIC’s Market Performance
GIC’s stock has seen a -15.72% decrease for the week, with a -23.24% drop in the past month and a -18.83% fall in the past quarter. The volatility ratio for the week is 3.67%, and the volatility levels for the past 30 days are at 2.53% for Global Industrial Co The simple moving average for the past 20 days is -17.27% for GIC’s stock, with a -7.73% simple moving average for the past 200 days.
GIC Trading at -20.65% from the 50-Day Moving Average
After a stumble in the market that brought GIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.50% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 3.67%, as shares sank -22.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.36% lower at present.
During the last 5 trading sessions, GIC fell by -15.72%, which changed the moving average for the period of 200-days by +25.03% in comparison to the 20-day moving average, which settled at $41.23. In addition, Global Industrial Co saw -11.12% 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 GIC starting from LEEDS BRUCE, who sale 380,000 shares at the price of $41.15 back on Mar 14 ’24. After this action, LEEDS BRUCE now owns 139,800 shares of Global Industrial Co, valued at $15,637,000 using the latest closing price.
LEEDS ROBERT, the Vice Chairman of Global Industrial Co, sale 380,000 shares at $41.15 during a trade that took place back on Mar 14 ’24, which means that LEEDS ROBERT is holding 139,800 shares at $15,637,000 based on the most recent closing price.
Stock Fundamentals for GIC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.34 for the gross margin
The net margin for Global Industrial Co stands at 0.05. The total capital return value is set at 0.28. Equity return is now at value 30.24, with 14.54 for asset returns.
Based on Global Industrial Co (GIC), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 74.15.
Currently, EBITDA for the company is 103.9 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 9.89for trailing twelve months and the total asset turnover is 2.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
Conclusion
In conclusion, Global Industrial Co (GIC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
