Granite Construction Inc [NYSE: GVA] gained 0.95% or 1.03 points to close at $109.15 with a heavy trading volume of 6177697 shares.
It opened the trading session at $107.97, the shares rose to $109.19 and dropped to $106.6, the range by which the price of stock traded the whole day. The daily chart for GVA points out that the company has recorded 40.06% gains over the past six months.
If we look at the average trading volume of 539.13K shares, GVA reached to a volume of 6177697 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Granite Construction Inc [GVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GVA shares is $129.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GVA stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for Granite Construction Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 15, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $29 to $26. The new note on the price target was released on January 13, 2020, representing the official price target for Granite Construction Inc stock. Previously, the target price had yet another drop from $45 to $30, while DA Davidson kept a Neutral rating on GVA stock. On August 08, 2019, analysts decreased their price target for GVA shares from 50 to 31.
The Price to Book ratio for the last quarter was 4.50, with the Price to Cash per share for the same quarter was set at 8.80. Price to Free Cash Flow for GVA in the course of the last twelve months was 15.46 with Quick ratio for the last quarter at 1.45.
Trading performance analysis for GVA stock
Granite Construction Inc [GVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.48. With this latest performance, GVA shares gained by 3.23% in over the last four-week period, additionally plugging by 40.06% over the last 6 months – not to mention a rise of 24.44% 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 GVA stock in for the last two-week period is set at 54.07, with the RSI for the last a single of trading hit 2.21, and the three-weeks RSI is set at 2.25 for Granite Construction Inc [GVA]. The present Moving Average for the last 50 days of trading for this stock 105.85, while it was recorded at 108.99 for the last single week of trading, and 90.57 for the last 200 days.
Granite Construction Inc [GVA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Granite Construction Inc [GVA] shares currently have an operating margin of 5.33% and a Gross Margin at 15.61%. Granite Construction Inc’s Net Margin is presently recorded at 3.89%.
Granite Construction Inc (GVA) Capital Structure & Debt Analysis
According to recent financial data for Granite Construction Inc. ( GVA), the Return on Equity (ROE) stands at 15.89%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 5.29%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Granite Construction Inc’s Return on Invested Capital (ROIC) is 8.44%, showcasing its effectiveness in deploying capital for earnings.
Granite Construction Inc (GVA) Efficiency & Liquidity Metrics
Based on Granite Construction Inc’s (GVA) latest financial statements, the Debt-to-Equity Ratio is 0.79%, indicating its reliance on debt financing relative to shareholder equity.
Granite Construction Inc (GVA) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Granite Construction Inc. (GVA) effectively leverages its workforce, generating an average of $36018.18 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.57% and a Quick Ratio of 1.45%, indicating strong ability to cover short-term liabilities.
Granite Construction Inc [GVA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Granite Construction Inc posted 2.05/share EPS, while the average EPS was predicted by analysts to be reported at 2.46/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.42. 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 GVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Granite Construction Inc go to 37.22%.
An analysis of Institutional ownership at Granite Construction Inc [GVA]
There are presently around $117.41%, or 118.72%% of GVA stock, in the hands of institutional investors. The top three institutional holders of GVA stocks are: BLACKROCK INC. with ownership of 7.09 million shares, which is approximately 16.0831%. VANGUARD GROUP INC, holding 4.95 million shares of the stock with an approximate value of $$306.84 million in GVA stocks shares; and VANGUARD GROUP INC, currently with $$174.97 million in GVA stock with ownership which is approximately 6.4082%.
