GTT Communications Inc. [GTT] Revenue clocked in at $1.70 billion, down -47.34% YTD: What’s Next?

GTT Communications Inc. [NYSE: GTT] price plunged by -13.76 percent to reach at -$0.3. The company report on February 27, 2021 that Rosen, A Longstanding and Trusted Firm, Encourages GTT Communications, Inc. Investors to Secure Counsel Before Important Deadline – GTT.

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New York, New York–(Newsfile Corp. – February 26, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of GTT Communications, Inc. (NYSE: GTT) between May 5, 2016 and November 9, 2020, inclusive (the “Class Period”), of the important March 15, 2021 lead plaintiff deadline in the securities class action first filed by the firm.

SO WHAT: If you purchased GTT securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

A sum of 7012966 shares traded at recent session while its average daily volume was at 1.75M shares. GTT Communications Inc. shares reached a high of $2.18 and dropped to a low of $1.79 until finishing in the latest session at $1.88.

Guru’s Opinion on GTT Communications Inc. [GTT]:

Raymond James have made an estimate for GTT Communications Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on August 11, 2020. The new note on the price target was released on May 26, 2020, representing the official price target for GTT Communications Inc. stock. Previously, the target price had yet another drop from $10 to $7, while SunTrust kept a Hold rating on GTT stock.

The Average True Range (ATR) for GTT Communications Inc. is set at 0.47, with the Price to Sales ratio for GTT stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 1.56. Price to Free Cash Flow for GTT in the course of the last twelve months was 0.90 with Quick ratio for the last quarter at 0.60.

GTT Stock Performance Analysis:

GTT Communications Inc. [GTT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.34. With this latest performance, GTT shares dropped by -66.73% in over the last four-week period, additionally sinking by -61.63% over the last 6 months – not to mention a drop of -87.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GTT stock in for the last two-week period is set at 24.40, with the RSI for the last a single of trading hit 17.27, and the three-weeks RSI is set at 29.71 for GTT Communications Inc. [GTT]. The present Moving Average for the last 50 days of trading for this stock 3.7456, while it was recorded at 2.1420 for the last single week of trading, and 5.4423 for the last 200 days.

Insight into GTT Communications Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and GTT Communications Inc. [GTT] shares currently have an operating margin of +9.22 and a Gross Margin at +31.09. GTT Communications Inc.’s Net Margin is presently recorded at -6.13.

Return on Total Capital for GTT is now 4.22, given the latest momentum, and Return on Invested Capital for the company is -2.86. Return on Equity for this stock declined to -30.01, with Return on Assets sitting at -2.28. When it comes to the capital structure of this company, GTT Communications Inc. [GTT] has a Total Debt to Total Equity ratio set at 1,240.98. Additionally, GTT Total Debt to Total Capital is recorded at 92.54, with Total Debt to Total Assets ending up at 75.93. Long-Term Debt to Equity for the company is recorded at 1,203.30, with the Long-Term Debt to Total Capital now at 89.73.

Reflecting on the efficiency of the workforce at the company, GTT Communications Inc. [GTT] managed to generate an average of -$34,161 per employee. Receivables Turnover for the company is 9.88 with a Total Asset Turnover recorded at a value of 0.37.GTT Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

GTT Stock EPS

With the latest financial reports released by the company, GTT Communications Inc. posted -0.59/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,375.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GTT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GTT Communications Inc. go to 25.00%.

GTT Communications Inc. [GTT] Insider Position Details

There are presently around $72 million, or 71.40% of GTT stock, in the hands of institutional investors. The top three institutional holders of GTT stocks are: SPRUCE HOUSE INVESTMENT MANAGEMENT LLC with ownership of 15,875,000, which is approximately 0% of the company’s market cap and around 4.70% of the total institutional ownership; CONIFER MANAGEMENT, L.L.C., holding 5,209,971 shares of the stock with an approximate value of $9.79 million in GTT stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $9.03 million in GTT stock with ownership of nearly 9.97% of the company’s market capitalization.

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Positions in GTT Communications Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 37 institutional holders increased their position in GTT Communications Inc. [NYSE:GTT] by around 1,200,879 shares. Additionally, 41 investors decreased positions by around 2,988,396 shares, while 22 investors held positions by with 34,205,933 shares. The mentioned changes placed institutional holdings at 38,395,208 shares, according to the latest SEC report filing. GTT stock had 11 new institutional investments in for a total of 206,230 shares, while 19 institutional investors sold positions of 305,237 shares during the same period.

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