Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has seen a rise in its stock price by 19.18 in relation to its previous close of 7.04. However, the company has experienced a 27.12% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to loss of $0.05 per share a year ago.
Is It Worth Investing in Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) Right Now?
The price-to-earnings ratio for Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is 40.93x, which is above its average ratio. Moreover, the 36-month beta value for GLDD is 1.07. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GLDD is 64.31M and currently, short sellers hold a 2.12% of that float. On May 07, 2024, GLDD’s average trading volume was 387.78K shares.
GLDD’s Market Performance
GLDD stock saw an increase of 27.12% in the past week, with a monthly gain of 1.08% and a quarterly increase of 7.29%. The volatility ratio for the week is 4.01%, and the volatility levels for the last 30 days are 3.30% for Great Lakes Dredge & Dock Corporation (GLDD). The simple moving average for the last 20 days is 13.19% for GLDD stock, with a simple moving average of 6.42% for the last 200 days.
Analysts’ Opinion of GLDD
Many brokerage firms have already submitted their reports for GLDD stocks, with Imperial Capital repeating the rating for GLDD by listing it as a “In-line.” The predicted price for GLDD in the upcoming period, according to Imperial Capital is $4 based on the research report published on August 08, 2016 of the previous year 2016.
DA Davidson, on the other hand, stated in their research note that they expect to see GLDD reach a price target of $4, previously predicting the price at $5. The rating they have provided for GLDD stocks is “Neutral” according to the report published on August 05th, 2016.
Imperial Capital gave a rating of “Outperform” to GLDD, setting the target price at $5.50 in the report published on February 24th of the previous year.
GLDD Trading at 3.02% from the 50-Day Moving Average
After a stumble in the market that brought GLDD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.21% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares surge +1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.94% lower at present.
During the last 5 trading sessions, GLDD rose by +27.88%, which changed the moving average for the period of 200-days by +9.33% in comparison to the 20-day moving average, which settled at $7.42. In addition, Great Lakes Dredge & Dock Corporation saw 9.24% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLDD starting from Levenson Ryan, who purchase 121,721 shares at the price of $6.82 back on May 19 ’23. After this action, Levenson Ryan now owns 333,888 shares of Great Lakes Dredge & Dock Corporation, valued at $830,490 using the latest closing price.
Levenson Ryan, the Director of Great Lakes Dredge & Dock Corporation, purchase 6,860 shares at $6.75 during a trade that took place back on May 18 ’23, which means that Levenson Ryan is holding 212,167 shares at $46,286 based on the most recent closing price.
Stock Fundamentals for GLDD
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.13 for the gross margin
The net margin for Great Lakes Dredge & Dock Corporation stands at 0.02. The total capital return value is set at 0.02. Equity return is now at value 3.69, with 1.27 for asset returns.
Based on Great Lakes Dredge & Dock Corporation (GLDD), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is 1.51.
Currently, EBITDA for the company is 62.05 million with net debt to EBITDA at 9.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The receivables turnover for the company is 4.77for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To wrap up, the performance of Great Lakes Dredge & Dock Corporation (GLDD) has been better in recent times. The stock has received a mixed of “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.
