The stock of Griffon Corp. (GFF) has seen a 8.20% increase in the past week, with a 3.84% gain in the past month, and a 6.99% flourish in the past quarter. The volatility ratio for the week is 4.21%, and the volatility levels for the past 30 days are at 3.24% for GFF. The simple moving average for the last 20 days is 7.81% for GFF’s stock, with a simple moving average of 35.16% for the last 200 days.
Is It Worth Investing in Griffon Corp. (NYSE: GFF) Right Now?
The price-to-earnings ratio for Griffon Corp. (NYSE: GFF) is above average at 19.18x, Company’s 36-month beta value is 1.34.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GFF is 45.12M, and currently, short sellers hold a 4.65% ratio of that floaft. The average trading volume of GFF on May 09, 2024 was 363.17K shares.
GFF) stock’s latest price update
Griffon Corp. (NYSE: GFF)’s stock price has gone rise by 7.29 in comparison to its previous close of 67.75, however, the company has experienced a 8.20% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that Griffon (GFF) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.21 per share a year ago.
Analysts’ Opinion of GFF
Many brokerage firms have already submitted their reports for GFF stocks, with Deutsche Bank repeating the rating for GFF by listing it as a “Buy.” The predicted price for GFF in the upcoming period, according to Deutsche Bank is $65 based on the research report published on October 27, 2023 of the previous year 2023.
Raymond James, on the other hand, stated in their research note that they expect to see GFF reach a price target of $40, previously predicting the price at $33. The rating they have provided for GFF stocks is “Strong Buy” according to the report published on May 02nd, 2022.
Stephens gave a rating of “Overweight” to GFF, setting the target price at $30 in the report published on November 11th of the previous year.
GFF Trading at 4.43% from the 50-Day Moving Average
After a stumble in the market that brought GFF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.31% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares surge +7.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.60% upper at present.
During the last 5 trading sessions, GFF rose by +8.20%, which changed the moving average for the period of 200-days by +72.70% in comparison to the 20-day moving average, which settled at $67.67. In addition, Griffon Corp. saw 19.26% 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 GFF starting from Coben Jerome L, who sale 2,000 shares at the price of $69.44 back on Feb 26 ’24. After this action, Coben Jerome L now owns 17,052 shares of Griffon Corp., valued at $138,880 using the latest closing price.
Renuart Victor Eugene, the Director of Griffon Corp., sale 5,000 shares at $68.08 during a trade that took place back on Feb 12 ’24, which means that Renuart Victor Eugene is holding 34,917 shares at $340,400 based on the most recent closing price.
Stock Fundamentals for GFF
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.39 for the gross margin
The net margin for Griffon Corp. stands at 0.07. The total capital return value is set at 0.18. Equity return is now at value 58.91, with 7.77 for asset returns.
Based on Griffon Corp. (GFF), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 8.73. The interest coverage ratio of the stock is 7.15.
Currently, EBITDA for the company is 376.55 million with net debt to EBITDA at 3.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.98. The receivables turnover for the company is 7.55for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.78.
Conclusion
In a nutshell, Griffon Corp. (GFF) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
