While GMS Inc has overperformed by 0.14%%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GMS rose by 18.37%, with highs and lows ranging from $105.54 to $65.77, whereas the simple moving average jumped by 19.90% in the last 200 days.
On November 26, 2024, DA Davidson Downgraded GMS Inc (NYSE: GMS) to Neutral. A report published by DA Davidson on August 23, 2023, Initiated its previous ‘Buy’ rating for GMS. Loop Capital also Downgraded GMS shares as ‘Hold’, setting a target price of $60 on the company’s shares in a report dated December 09, 2022. Truist September 07, 2022d the rating to Hold on September 07, 2022, and set its price target from $50 to $46. RBC Capital Mkts June 22, 2022d its ‘Outperform’ rating to ‘Sector Perform’ for GMS, as published in its report on June 22, 2022. Loop Capital’s report from March 18, 2022 suggests a price prediction of $62 for GMS shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Outperform’.
Analysis of GMS Inc (GMS)
Further, the quarter-over-quarter decrease in sales is -5.61%, showing a negative trend in the upcoming months.
To gain a thorough understanding of GMS Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 8.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GMS is recording an average volume of 489.52K. On a monthly basis, the volatility of the stock is set at 5.56%, whereas on a weekly basis, it is put at 11.26%, with a gain of 32.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $96.16, showing decline from the present price of $100.41, which can serve as yet another indication of whether GMS is worth investing in or should be passed over.
How Do You Analyze GMS Inc Shares?
A leading company in the Building Products & Equipment sector, GMS Inc (GMS) is based in the USA. When comparing GMS Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 34.73, there is a growth in quarterly earnings of -51.66%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 106.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GMS shares are owned by institutional investors to the tune of 106.26% at present.
