A new trading day began on Friday, with Glatfelter Corporation (NYSE: GLT) stock price up 5.33% from the previous day of trading, before settling in for the closing price of $1.50. GLT’s price has ranged from $1.22 to $2.71 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 10.93% over the last five years. With a float of $43.78 million, this company’s outstanding shares have now reached $45.09 million.
The firm has a total of 2920 workers. Let’s measure their productivity. In terms of profitability, gross margin is 11.21%, operating margin of 2.27%, and the pretax margin is -4.99%.
Glatfelter Corporation (GLT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Paper & Paper Products Industry. The insider ownership of Glatfelter Corporation is 3.56%, while institutional ownership is 71.89%. The most recent insider transaction that took place on Jun 28 ’24, was worth 3,168,178. In this transaction 10% Owner of this company sold 2,262,984 shares at a rate of $1.40, taking the stock ownership to the 4,705,691 shares. Before that another transaction happened on Jun 27 ’24, when Company’s 10% Owner sold 207,325 for $1.65, making the entire transaction worth $342,086. This insider now owns 6,968,675 shares in total.
Glatfelter Corporation (GLT) Earnings and Forecasts
For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.20% during the next five years compared to 15.44% growth over the previous five years of trading.
Glatfelter Corporation (NYSE: GLT) Trading Performance Indicators
Here are Glatfelter Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.57
Technical Analysis of Glatfelter Corporation (GLT)
Analysing the last 5-days average volume posted by the [Glatfelter Corporation, GLT], we can find that recorded value of 0.2 million was lower than the volume posted last year of 0.76 million. As of the previous 9 days, the stock’s Stochastic %D was 24.44%. Additionally, its Average True Range was 0.11.
During the past 100 days, Glatfelter Corporation’s (GLT) raw stochastic average was set at 51.05%, which indicates a significant increase from 22.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.94% in the past 14 days, which was lower than the 66.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5946, while its 200-day Moving Average is $1.6837. Now, the first resistance to watch is $1.6633. This is followed by the second major resistance level at $1.7467. The third major resistance level sits at $1.8333. If the price goes on to break the first support level at $1.4933, it is likely to go to the next support level at $1.4067. Should the price break the second support level, the third support level stands at $1.3233.
Glatfelter Corporation (NYSE: GLT) Key Stats
With a market capitalization of 71.73 million, the company has a total of 45,253K Shares Outstanding. Currently, annual sales are 1,386 M while annual income is -79,050 K. The company’s previous quarter sales were 329,440 K while its latest quarter income was -16,280 K.
