The stock of Granite Construction Inc. (GVA) has gone up by 6.72% for the week, with a 12.79% rise in the past month and a 26.93% rise in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are 2.46% for GVA. The simple moving average for the past 20 days is 7.45% for GVA’s stock, with a 36.45% simple moving average for the past 200 days.
Is It Worth Investing in Granite Construction Inc. (NYSE: GVA) Right Now?
The price-to-earnings ratio for Granite Construction Inc. (NYSE: GVA) is 50.98x, which is above its average ratio. Moreover, the 36-month beta value for GVA is 1.39. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for GVA is 43.27M and currently, short sellers hold a 11.57% of that float. On September 19, 2024, GVA’s average trading volume was 666.78K shares.
GVA) stock’s latest price update
The stock of Granite Construction Inc. (NYSE: GVA) has increased by 2.30 when compared to last closing price of 77.50.Despite this, the company has seen a gain of 6.72% in its stock price over the last five trading days. zacks.com reported 2024-09-11 that GVA’s new $65M UDOT contract strengthens its market position in Utah.
Analysts’ Opinion of GVA
Many brokerage firms have already submitted their reports for GVA stocks, with DA Davidson repeating the rating for GVA by listing it as a “Buy.” The predicted price for GVA in the upcoming period, according to DA Davidson is $55 based on the research report published on April 15, 2021 of the previous year 2021.
Goldman, on the other hand, stated in their research note that they expect to see GVA reach a price target of $26, previously predicting the price at $29. The rating they have provided for GVA stocks is “Sell” according to the report published on January 13th, 2020.
DA Davidson gave a rating of “Neutral” to GVA, setting the target price at $30 in the report published on October 28th of the previous year.
GVA Trading at 13.32% from the 50-Day Moving Average
After a stumble in the market that brought GVA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.14% of gains for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +11.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.13% upper at present.
During the last 5 trading sessions, GVA rose by +6.74%, which changed the moving average for the period of 200-days by +69.14% in comparison to the 20-day moving average, which settled at $74.19. In addition, Granite Construction Inc. saw 55.88% 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 GVA starting from CAMPBELL MOLLY, who sale 2,810 shares at the price of $71.43 back on Aug 20 ’24. After this action, CAMPBELL MOLLY now owns 14,713 shares of Granite Construction Inc., valued at $200,718 using the latest closing price.
CAMPBELL MOLLY, the Director of Granite Construction Inc., proposed sale 2,810 shares at $71.38 during a trade that took place back on Aug 20 ’24, which means that CAMPBELL MOLLY is holding shares at $200,572 based on the most recent closing price.
Stock Fundamentals for GVA
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.13 for the gross margin
The net margin for Granite Construction Inc. stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 9.77, with 3.41 for asset returns.
Based on Granite Construction Inc. (GVA), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 4.63.
Currently, EBITDA for the company is 143.99 million with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 3.74for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
To wrap up, the performance of Granite Construction Inc. (GVA) has been better in recent times. The stock has received a bullish of “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.
