The stock of Glatfelter Corporation (GLT) has gone up by 19.33% for the week, with a 0.00% drop in the past month and a 10.49% rise in the past quarter. The volatility ratio for the week is 6.45%, and the volatility levels for the past 30 days are 6.63% for GLT. The simple moving average for the past 20 days is 9.11% for GLT’s stock, with a 6.14% simple moving average for the past 200 days.
Is It Worth Investing in Glatfelter Corporation (NYSE: GLT) Right Now?
The stock has a 36-month beta value of 1.73. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for GLT is 43.78M, and at present, short sellers hold a 1.68% of that float. On September 19, 2024, the average trading volume of GLT was 365.59K shares.
GLT) stock’s latest price update
Glatfelter Corporation (NYSE: GLT) has experienced a rise in its stock price by 6.55 compared to its previous closing price of 1.68. However, the company has seen a gain of 19.33% in its stock price over the last five trading days. globenewswire.com reported 2024-08-16 that CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) — Glatfelter Corporation (NYSE: GLT), and Berry Global Group, Inc. (NYSE: BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films (“HHNF”) business with Glatfelter. As previously disclosed, upon closing of the transaction, the combined company will be renamed Magnera Corporation (“Magnera”).
Analysts’ Opinion of GLT
Many brokerage firms have already submitted their reports for GLT stocks, with BMO Capital Markets repeating the rating for GLT by listing it as a “Outperform.” The predicted price for GLT in the upcoming period, according to BMO Capital Markets is $17 based on the research report published on July 26, 2021 of the previous year 2021.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see GLT reach a price target of $19, previously predicting the price at $21. The rating they have provided for GLT stocks is “Market Perform” according to the report published on April 20th, 2021.
BMO Capital Markets gave a rating of “Outperform” to GLT, setting the target price at $24 in the report published on May 05th of the previous year.
GLT Trading at 11.79% from the 50-Day Moving Average
After a stumble in the market that brought GLT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.95% of loss for the given period.
Volatility was left at 6.63%, however, over the last 30 days, the volatility rate increased by 6.45%, as shares surge +1.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.17% upper at present.
During the last 5 trading sessions, GLT rose by +19.33%, which changed the moving average for the period of 200-days by +21.77% in comparison to the 20-day moving average, which settled at $1.6415. In addition, Glatfelter Corporation saw -7.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLT starting from CARLSON CAPITAL L P, who sale 2,262,984 shares at the price of $1.40 back on Jun 28 ’24. After this action, CARLSON CAPITAL L P now owns 4,705,691 shares of Glatfelter Corporation, valued at $3,168,178 using the latest closing price.
CARLSON CAPITAL L P, the 10% Owner of Glatfelter Corporation, sale 207,325 shares at $1.65 during a trade that took place back on Jun 27 ’24, which means that CARLSON CAPITAL L P is holding 6,968,675 shares at $342,086 based on the most recent closing price.
Stock Fundamentals for GLT
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.11 for the gross margin
The net margin for Glatfelter Corporation stands at -0.05. The total capital return value is set at 0.02. Equity return is now at value -29.00, with -4.56 for asset returns.
Based on Glatfelter Corporation (GLT), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 4.23. The interest coverage ratio of the stock is 0.42.
Currently, EBITDA for the company is 84.68 million with net debt to EBITDA at 9.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 7.34for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
To sum up, Glatfelter Corporation (GLT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
