3.25% volatility in Great Lakes Dredge & Dock Corporation (GLDD) last month: This is a red flag warning

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) on Monday, soared 7.19% from the previous trading day, before settling in for the closing price of $8.07. Within the past 52 weeks, GLDD’s price has moved between $4.74 and $9.67.

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A company in the Industrials sector has jumped its sales by 1.51% annually for the last half of the decade. The company achieved an average annual earnings per share of 95.67%. With a float of $64.51 million, this company’s outstanding shares have now reached $66.19 million.

In an organization with Dec 19 2012 employees, it is important to assess its efficiency.

Great Lakes Dredge & Dock Corporation (GLDD) Insider Updates

Observing investor behavior towards Engineering & Construction industry stocks is more important than anything else. The insider ownership of Great Lakes Dredge & Dock Corporation is 3.15%, while institutional ownership is 84.89%. The most recent insider transaction that took place on May 19, was worth 830,490. In this transaction Director of this company bought 121,721 shares at a rate of $6.82, taking the stock ownership to the 333,888 shares. Before that another transaction happened on May 18, when Company’s Director bought 6,860 for $6.75, making the entire transaction worth $46,286. This insider now owns 212,167 shares in total.

Great Lakes Dredge & Dock Corporation (GLDD) Performance Highlights and Predictions

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.09 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.12) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 95.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -13.00% during the next five years compared to -0.24% drop over the previous five years of trading.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) Trading Performance Indicators

Great Lakes Dredge & Dock Corporation (GLDD) is currently performing well based on its current performance indicators. A quick ratio of 0.83 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.59, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.61 in one year’s time.

Technical Analysis of Great Lakes Dredge & Dock Corporation (GLDD)

Let’s dig in a bit further. During the last 5-days, its volume was 0.31 million. That was better than the volume of 0.3 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 91.24%. Additionally, its Average True Range was 0.28.

During the past 100 days, Great Lakes Dredge & Dock Corporation’s (GLDD) raw stochastic average was set at 97.31%, which indicates a significant increase from 94.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.50% in the past 14 days, which was higher than the 42.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.52, while its 200-day Moving Average is $7.57. However, in the short run, Great Lakes Dredge & Dock Corporation’s stock first resistance to watch stands at $8.89. Second resistance stands at $9.13. The third major resistance level sits at $9.53. If the price goes on to break the first support level at $8.24, it is likely to go to the next support level at $7.84. Assuming the price breaks the second support level, the third support level stands at $7.60.

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) Key Stats

Market capitalization of the company is 576.18 million based on 66,612K outstanding shares. Right now, sales total 648,780 K and income totals -34,060 K. The company made 117,190 K in profit during its latest quarter, and -6,150 K in sales during its previous quarter.