The stock of GrafTech International Ltd. (NYSE:EAF) is now priced at $6.25 and the shares are -0.27 points down or -4.14% lower compared to its previous closing price of $6.52. The stock had 1.443 million contracts set over the past session. EAF shares’ daily volume is compared to its average trading volume at 1.584 million shares. However, it has a float of 267 million and although its performance was -11.22% over the week, it’s one to watch. Analysts have given the EAF stock a yearly average price target of $8.7 per share. It means the stock’s upside potential is 39.2% with the EAF share price recently placing at $6.23 to $6.59. However, some brokerage firms have priced the stock below the average, including one that has called $7.

The shorts are running away from the GrafTech International Ltd. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the EAF shares have declined. Short interest in the stock represents just 3.6% of its float, but the volume has dropped by 0.

In the last trading session, GrafTech International Ltd. (NYSE:EAF) dropped by -$0.79 over the week and lost -$1.78 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $14.84. The stock recorded its established 52-week high on 11/20/19.

Since 05/15/20, the stock has traded to a low of $5.56 at 12.41%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.

Looking at current readings, GrafTech International Ltd.’s two-week RSI is 36.36. This suggests that the stock is neutral at the moment and that EAF shares’ price movement remains stable. The stochastic readings are equally revealing at 18.86% meaning the EAF share price is currently in overbought territory.

The technical chart shows that the EAF stock will likely settle at between $6.48 and $6.72 per share. However, if the stock dips below $6.12, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $6.

Currently, the stock is trading in the red of MACD, with a reading of -0.49. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at RBC Capital Mkts cut their recommendation for EAF from Outperform to Sector Perform in February 13 review. BMO Capital Markets analysts downgraded their recommendation of the stock from Outperform to Market Perform while keeping its target price at $16 to $14 in a flash note released to investors on December 17. Citigroup seeing the improvements upgraded the stock from Sell to Neutral on July 25, placing it at $12.

The average rating for the EAF equity is 2.83 and is currently gathering a bullish momentum. Of 6 analysts tracking GrafTech International Ltd. polled by Reuters, 3 rated EAF as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the EAF stock price is 3.41X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 2.8below the group’s average of 44.5. GrafTech International Ltd. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 3.8 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for GrafTech International Ltd. (NYSE:EAF) will decrease by about -99.93%, which will see them reach $226.33 million. The company’s full-year revenues are, however, expected to diminish by about -37.43%, down from $1790 million to $1120 million. EAF’s expected adjusted earnings should drop almost -67.65% to end up at $0.22 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -46.12% to record $1.39/share.


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