Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has a price-to-earnings ratio that is above its average at 16.15x. The stock has a 36-month beta value of 1.15. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GLDD is 65.28M, and at present, short sellers hold a 1.48% of that float. On August 27, 2024, the average trading volume of GLDD was 431.77K shares.
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GLDD) stock’s latest price update
The stock of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) has increased by 7.09 when compared to last closing price of 9.84. Despite this, the company has experienced a 20.02% gain in its stock price over the last five trading sessions. zacks.com reported 2024-08-27 that Great Lakes Dredge & Dock (GLDD) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our “Recent Price Strength” screen.
GLDD’s Market Performance
GLDD’s stock has risen by 20.02% in the past week, with a monthly rise of 14.54% and a quarterly rise of 14.17%. The volatility ratio for the week is 4.50% while the volatility levels for the last 30 days are 4.35% for Great Lakes Dredge & Dock Corporation The simple moving average for the past 20 days is 18.27% for GLDD’s stock, with a 28.08% simple moving average for the past 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 18.30% 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 able to rebound, for now settling with 6.12% of gains for the given period.
Volatility was left at 4.35%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares surge +15.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.70% upper at present.
During the last 5 trading sessions, GLDD rose by +19.70%, which changed the moving average for the period of 200-days by +68.16% in comparison to the 20-day moving average, which settled at $8.98. In addition, Great Lakes Dredge & Dock Corporation saw 37.21% 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 Petterson Lasse, who sale 46,510 shares at the price of $9.08 back on Aug 23 ’24. After this action, Petterson Lasse now owns 931,101 shares of Great Lakes Dredge & Dock Corporation, valued at $422,306 using the latest closing price.
Petterson Lasse, the CEO & President of Great Lakes Dredge & Dock Corporation, sale 28,709 shares at $9.24 during a trade that took place back on Aug 26 ’24, which means that Petterson Lasse is holding 902,392 shares at $265,363 based on the most recent closing price.
Stock Fundamentals for GLDD
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.18 for the gross margin
The net margin for Great Lakes Dredge & Dock Corporation stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value 11.21, with 4.13 for asset returns.
Based on Great Lakes Dredge & Dock Corporation (GLDD), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 11.2.
Currently, EBITDA for the company is 62.05 million with net debt to EBITDA at 4.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 5.27for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To sum up, Great Lakes Dredge & Dock Corporation (GLDD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
