A look at GFL Environmental Inc.’s (GFL) recent performance gives investors their first glimpse of hope.

GFL Environmental Inc. (NYSE: GFL) on Monday, soared 1.74% from the previous trading day, before settling in for the closing price of $39.57. Within the past 52 weeks, GFL’s price has moved between $26.87 and $40.71.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 33.09%. The company achieved an average annual earnings per share of -8.57%. With a float of $238.41 million, this company’s outstanding shares have now reached $359.35 million.

Considering the fact that the conglomerate employs 20000 people, you should pay attention to its efficiency factor.

GFL Environmental Inc. (GFL) Insider Activity

Observing investor behavior towards Waste Management industry stocks is more important than anything else. The insider ownership of GFL Environmental Inc. is 36.68%, while institutional ownership is 60.30%. The most recent insider transaction that took place on Aug 08 ’24, was worth 23,916,000.

GFL Environmental Inc. (GFL) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -8.57% per share during the next fiscal year.

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

GFL Environmental Inc. (GFL) is currently performing well based on its current performance indicators. A quick ratio of 0.89 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 2.69. Likewise, its price to free cash flow for the trailing twelve months is 564.39.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.41, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.03 in one year’s time.

Technical Analysis of GFL Environmental Inc. (GFL)

Compared to the last year’s volume of 1.26 million, its volume of 1.55 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 76.37%. Additionally, its Average True Range was 1.17.

During the past 100 days, GFL Environmental Inc.’s (GFL) raw stochastic average was set at 95.56%, which indicates a significant increase from 87.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.22% in the past 14 days, which was lower than the 32.21% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $38.37, while its 200-day Moving Average is $34.11. Nevertheless, the first resistance level for the watch stands at $40.54 in the near term. At $40.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.34. If the price goes on to break the first support level at $39.74, it is likely to go to the next support level at $39.23. Should the price break the second support level, the third support level stands at $38.95.

GFL Environmental Inc. (NYSE: GFL) Key Stats

Market capitalization of the company is 15.16 billion based on 376,471K outstanding shares. Right now, sales total 5,567 M and income totals 33,630 K. The company made 1,505 M in profit during its latest quarter, and -344,310 K in sales during its previous quarter.