GFL Environmental Inc. (NYSE: GFL)’s stock price has gone rise by 0.45 in comparison to its previous close of 42.02, however, the company has experienced a 2.53% increase in its stock price over the last five trading days. investorplace.com reported 2024-08-12 that One of my favorite quotes comes from “Rich Dad Poor Dad” author Robert Kiyosaki. “In 1971, the U.S.
Is It Worth Investing in GFL Environmental Inc. (NYSE: GFL) Right Now?
Company’s 36-month beta value is 1.16.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GFL is 237.79M, and currently, short sellers hold a 2.94% ratio of that floaft. The average trading volume of GFL on August 23, 2024 was 1.35M shares.
GFL’s Market Performance
GFL stock saw an increase of 2.53% in the past week, with a monthly gain of 6.91% and a quarterly increase of 32.78%. The volatility ratio for the week is 1.56%, and the volatility levels for the last 30 days are 2.71% for GFL Environmental Inc. (GFL). The simple moving average for the last 20 days is 5.86% for GFL’s stock, with a simple moving average of 22.17% for the last 200 days.
Analysts’ Opinion of GFL
Many brokerage firms have already submitted their reports for GFL stocks, with BMO Capital Markets repeating the rating for GFL by listing it as a “Market Perform.” The predicted price for GFL in the upcoming period, according to BMO Capital Markets is $42 based on the research report published on July 09, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see GFL reach a price target of $46. The rating they have provided for GFL stocks is “Outperform” according to the report published on April 08th, 2024.
UBS gave a rating of “Buy” to GFL, setting the target price at $44 in the report published on January 31st of the current year.
GFL Trading at 8.00% from the 50-Day Moving Average
After a stumble in the market that brought GFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.02% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +10.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.99% upper at present.
During the last 5 trading sessions, GFL rose by +2.53%, which changed the moving average for the period of 200-days by +41.03% in comparison to the 20-day moving average, which settled at $40.07. In addition, GFL Environmental Inc. saw 22.31% 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 GFL starting from Patrick Dovigi, who proposed sale 600,000 shares at the price of $39.86 back on Aug 08 ’24. After this action, Patrick Dovigi now owns shares of GFL Environmental Inc., valued at $23,916,000 using the latest closing price.
Stock Fundamentals for GFL
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.18 for the gross margin
The net margin for GFL Environmental Inc. stands at -0.09. The total capital return value is set at 0.02. Equity return is now at value -9.59, with -3.43 for asset returns.
Based on GFL Environmental Inc. (GFL), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 1.88 billion with net debt to EBITDA at 5.34. When we switch over and look at the enterprise to sales, we see a ratio of 4.05. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In a nutshell, GFL Environmental Inc. (GFL) 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.
