Stocks of GrafTech International Ltd. (NYSE:EAF) traded higher last session on Wall Street, down -12.18% to $0.84.
EAF stock price is now -35.45% away from the 50-day moving average and -54.78% away from the 200-day moving average. The market capitalization of the company currently stands at $216.85M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On January 16, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Colonial House Capital Ltd, 10% Owner bought 332,770 shares of the company’s stock on May 17 ’24. The stock was bought for $572,897 at an average price of $1.72. Upon completion of the transaction, the 10% Owner now directly owns 31,358,061 shares in the company, valued at $26.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, 10% Owner Colonial House Capital Ltd bought 500,000 shares of the business’s stock. A total of $870,250 was incurred on buying the stock at an average price of $1.74. This leaves the insider owning 31,025,291 shares of the company worth $26.06 million. A total of 34.33% of the company’s stock is owned by insiders.
During the past 12 months, GrafTech International Ltd. has had a low of $0.81 and a high of $5.32. As of last week, the company has a debt-to-equity ratio of 24.64, a current ratio of 3.73, and a quick ratio of 1.91. The fifty day moving average price for EAF is $1.28718 and a two-hundred day moving average price translates $1.851045 for the stock.
The latest earnings results from GrafTech International Ltd. (NYSE: EAF) was released for 2024-03-31. The net profit margin was -45.08% and return on equity was -151.45% for EAF. The company reported revenue of $136.58 million for the quarter, compared to $138.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.6 percent.
