The stock of Griffon Corp. (GFF) has seen a 0.30% increase in the past week, with a 0.10% gain in the past month, and a -2.46% decrease in the past quarter. The volatility ratio for the week is 2.48%, and the volatility levels for the past 30 days are at 3.25% for GFF. The simple moving average for the last 20 days is -1.71% for GFF stock, with a simple moving average of 21.78% for the last 200 days.
Is It Worth Investing in Griffon Corp. (NYSE: GFF) Right Now?
Griffon Corp. (NYSE: GFF) has a price-to-earnings ratio of 17.78x that is above its average ratio. Additionally, the 36-month beta value for GFF is 1.33. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GFF is 40.69M and currently, short sellers hold a 5.79% ratio of that float. The average trading volume of GFF on May 27, 2024 was 375.91K shares.
GFF) stock’s latest price update
The stock price of Griffon Corp. (NYSE: GFF) has surged by 2.49 when compared to previous closing price of 65.84, but the company has seen a 0.30% gain in its stock price over the last five trading sessions. zacks.com reported 2024-05-24 that Weakness in the manufacturing sector and supply chain issues dampen the prospects of the Zacks Diversified Operations industry. CSL, GFF and ITT are notable stocks in the industry.
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 -2.89% 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 -13.48% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares sank -1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.71% lower at present.
During the last 5 trading sessions, GFF rose by +0.30%, which changed the moving average for the period of 200-days by +58.66% in comparison to the 20-day moving average, which settled at $68.61. In addition, Griffon Corp. saw 10.71% 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 0.26. The debt to equity ratio resting at 8.73. The interest coverage ratio of the stock is 3.6.
Currently, EBITDA for the company is 376.55 million with net debt to EBITDA at 3.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. 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 conclusion, Griffon Corp. (GFF) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
