GFL Environmental Inc (GFL) 20 Days SMA touches -2.02%: The odds favor the bear

A new trading day began on Tuesday, with GFL Environmental Inc (NYSE: GFL) stock price down -1.18% from the previous day of trading, before settling in for the closing price of $44.21. GFL’s price has ranged from $30.57 to $48.87 over the past 52 weeks.

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During the last 5-year period, the sales growth of Industrials Sector giant was 22.24%. Meanwhile, its annual earnings per share averaged -19.54%. With a float of $258.55 million, this company’s outstanding shares have now reached $381.57 million.

Let’s determine the extent of company efficiency that accounts for 20000 employees. In terms of profitability, gross margin is 18.05%, operating margin of 5.06%, and the pretax margin is -8.59%.

GFL Environmental Inc (GFL) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Waste Management Industry. The insider ownership of GFL Environmental Inc is 34.28%, while institutional ownership is 65.66%. The most recent insider transaction that took place on Sep 06 ’24, was worth 24,366,000. Before that another transaction happened on Aug 08 ’24, when Company’s Director proposed sale 600,000 for $39.86, making the entire transaction 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 0.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -19.54% per share during the next fiscal year.

GFL Environmental Inc (NYSE: GFL) Trading Performance Indicators

Here are GFL Environmental Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.01. Likewise, its price to free cash flow for the trailing twelve months is 92.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.20, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.95 in one year’s time.

Technical Analysis of GFL Environmental Inc (GFL)

Looking closely at GFL Environmental Inc (NYSE: GFL), its last 5-days average volume was 2.13 million, which is a jump from its year-to-date volume of 1.6 million. As of the previous 9 days, the stock’s Stochastic %D was 29.88%. Additionally, its Average True Range was 1.19.

During the past 100 days, GFL Environmental Inc’s (GFL) raw stochastic average was set at 48.67%, which indicates a significant increase from 20.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.93% in the past 14 days, which was lower than the 22.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $44.86, while its 200-day Moving Average is $39.45. However, in the short run, GFL Environmental Inc’s stock first resistance to watch stands at $44.34. Second resistance stands at $45.00. The third major resistance level sits at $45.48. If the price goes on to break the first support level at $43.20, it is likely to go to the next support level at $42.72. Should the price break the second support level, the third support level stands at $42.06.

GFL Environmental Inc (NYSE: GFL) Key Stats

With a market capitalization of 17.19 billion, the company has a total of 393,383K Shares Outstanding. Currently, annual sales are 5,567 M while annual income is 33,630 K. The company’s previous quarter sales were 1,477 M while its latest quarter income was 80,920 K.