Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is 19.66% higher on its value in year-to-date trading and has touched a low of $5.76 and a high of $9.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GLDD stock was last observed hovering at around $8.75 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $9.19, the stock is 23.62% and 12.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 5.03% at the moment leaves the stock 16.49% off its SMA200. GLDD registered 57.09% gain for a year compared to 6-month gain of 22.53%.
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The stock witnessed a 10.46% loss in the last 1 month and extending the period to 3 months gives it a 19.82%, and is 34.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.72% over the week and 4.37% over the month.
Great Lakes Dredge & Dock Corporation (GLDD) has around 364 employees, a market worth around $613.34M and $630.24M in sales. Current P/E ratio is 16.26 and Fwd P/E is 12.94. Profit margin for the company is 6.05%. Distance from 52-week low is 59.55% and -6.03% from its 52-week high. The company has generated returns on investments over the last 12 months (4.51%).
The EPS is expected to grow by 196.83% this year
The shares outstanding are 66.62M, and float is at 64.31M with Short Float at 2.12%.
Great Lakes Dredge & Dock Corporation (GLDD) Insider Activity
The most recent transaction is an insider purchase by Levenson Ryan, the company’s Director. SEC filings show that Levenson Ryan bought 121,721 shares of the company’s common stock on May 19 ’23 at a price of $6.82 per share for a total of $0.83 million. Following the purchase, the insider now owns 0.33 million shares.
Great Lakes Dredge & Dock Corporation disclosed in a document filed with the SEC on May 18 ’23 that Levenson Ryan (Director) bought a total of 6,860 shares of the company’s common stock. The trade occurred on May 18 ’23 and was made at $6.75 per share for $46286.0. Following the transaction, the insider now directly holds 0.21 million shares of the GLDD stock.
Still, SEC filings show that on May 17 ’23, Levenson Ryan (Director) acquired 5,207 shares at an average price of $6.64 for $34552.0. The insider now directly holds 205,307 shares of Great Lakes Dredge & Dock Corporation (GLDD).
