EAF Stock Summary and Trading Ideas (Graftech International Ltd. | NYSE:EAF)

GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals. The company has only reportable segment, Industrial Materials, is comprised of its two major product categories: graphite electrodes and petroleum needle coke products. Petroleum needle coke is key raw material used in the production of graphite electrodes.

Graftech International Ltd. trades on the NYSE stock market under the symbol EAF.

As of April 23, 2024, EAF stock price declined to $1.57 with 1,539,033 million shares trading.

EAF has a beta of 0.51, meaning it tends to be less sensitive to market movements. EAF has a correlation of 0.01 to the broad based SPY ETF.

EAF has a market cap of $402.86 million. This is considered a Small Cap stock.

Last quarter Graftech International Ltd. reported $137 million in Revenue and -$.27 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.15.

In the last 3 years, EAF stock traded as high as $14.17 and as low as $1.18.

The top ETF exchange traded funds that EAF belongs to (by Net Assets): FNDA, VTI, IWM, VXF, PRFZ.

EAF has underperformed the market in the last year with a return of -67.3%, while the SPY ETF gained +24.3%. In the last 3 month period, EAF fell short of the market, returning +1.9%, while SPY returned +4.9%. However, in the most recent 2 weeks EAF has outperformed the stock market by returning +6.8%, while SPY returned -2.5%.

EAF support price is $1.49 and resistance is $1.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EAF stock will trade within this expected range on the day.