The price-to-earnings ratio for Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is 14.17x, which is above its average ratio. Moreover, the 36-month beta value for GLDD is 1.15. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GLDD is 65.40M and currently, short sellers hold a 1.03% of that float. On November 21, 2024, GLDD’s average trading volume was 486.52K shares.
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GLDD) stock’s latest price update
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD)’s stock price has gone rise by 1.51 in comparison to its previous close of 12.22, however, the company has experienced a 2.27% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-18 that HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that its newly launched Multi Cat dredge support vessels, Cape Hatteras and Cape Canaveral, have been awarded the prestigious 2024 Significant Boat of the Year title at the International WorkBoat Show. This award underscores the Company’s commitment to safety, innovation, and operational excellence in the dredging and maritime sectors.
GLDD’s Market Performance
Great Lakes Dredge & Dock Corporation (GLDD) has experienced a 2.27% rise in stock performance for the past week, with a 4.24% rise in the past month, and a 36.77% rise in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are at 3.96% for GLDD. The simple moving average for the past 20 days is 3.18% for GLDD’s stock, with a 31.63% 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 8.03% 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 unable to rebound, for now settling with -3.31% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +4.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.74% upper at present.
During the last 5 trading sessions, GLDD rose by +1.57%, which changed the moving average for the period of 200-days by +60.63% in comparison to the 20-day moving average, which settled at $12.02. In addition, Great Lakes Dredge & Dock Corporation saw 61.52% 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 DICKERSON LAWRENCE R, who sale 15,936 shares at the price of $12.04 back on Nov 14 ’24. After this action, DICKERSON LAWRENCE R now owns 82,148 shares of Great Lakes Dredge & Dock Corporation, valued at $191,799 using the latest closing price.
DICKERSON LAWRENCE R, the Director of Great Lakes Dredge & Dock Corporation, proposed sale 15,936 shares at $12.04 during a trade that took place back on Nov 14 ’24, which means that DICKERSON LAWRENCE R is holding shares at $191,793 based on the most recent closing price.
Stock Fundamentals for GLDD
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.2 for the gross margin
The net margin for Great Lakes Dredge & Dock Corporation stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 14.94, with 5.46 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 0.16. The debt to equity ratio resting at 1.02. The interest coverage ratio of the stock is 5.12.
Currently, EBITDA for the company is 72.98 million with net debt to EBITDA at 3.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 5.52for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To wrap up, the performance of Great Lakes Dredge & Dock Corporation (GLDD) has been better in recent times. The stock has received a mixed 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.
