16.84% percent quarterly performance for GFL Environmental Inc. (GFL) is not indicative of the underlying story

On May 23, 2023, GFL Environmental Inc. (NYSE: GFL) opened at $36.97, lower -1.05% from the last session. During the day, the shares moved up to $37.23 and dropped to $36.50 before settling in for the closing price of $37.10. Price fluctuations for GFL have ranged from $23.10 to $38.26 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 38.40% over the last five years. Company’s average yearly earnings per share was noted 70.20% at the time writing. With a float of $320.12 million, this company’s outstanding shares have now reached $369.18 million.

The firm has a total of 19500 workers. Let’s measure their productivity.

GFL Environmental Inc. (GFL) Insider Activity

A key investor’s attitude towards the stock of the Waste Management industry is another important factor to consider. The insider ownership of GFL Environmental Inc. is 3.21%, while institutional ownership is 96.09%.

GFL Environmental Inc. (GFL) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.03) by $0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 70.20% per share during the next fiscal year.

GFL Environmental Inc. (NYSE: GFL) Trading Performance Indicators

Check out the current performance indicators for GFL Environmental Inc. (GFL). In the past quarter, the stock posted a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.55. Likewise, its price to free cash flow for the trailing twelve months is 75.76.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.53, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.38 in one year’s time.

Technical Analysis of GFL Environmental Inc. (GFL)

Analysing the last 5-days average volume posted by the [GFL Environmental Inc., GFL], we can find that recorded value of 1.71 million was better than the volume posted last year of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 49.33%. Additionally, its Average True Range was 0.84.

During the past 100 days, GFL Environmental Inc.’s (GFL) raw stochastic average was set at 83.84%, which indicates a significant increase from 50.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.47% in the past 14 days, which was lower than the 26.95% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $34.95, while its 200-day Moving Average is $30.29. Now, the first resistance to watch is $37.13. This is followed by the second major resistance level at $37.54. The third major resistance level sits at $37.86. If the price goes on to break the first support level at $36.40, it is likely to go to the next support level at $36.08. Should the price break the second support level, the third support level stands at $35.67.

GFL Environmental Inc. (NYSE: GFL) Key Stats

There are currently 343,443K shares outstanding in the company with a market cap of 18.29 billion. Presently, the company’s annual sales total 5,201 M according to its annual income of -239,840 K. Last quarter, the company’s sales amounted to 1,330 M and its income totaled -162,180 K.