Gulf Island Fabrication Inc. (GIFI) shares are trading at higher $2.90. while the current analyst price target stands at $5.00.
To add more color to this target, the company’s high over the last year is $6.64 and the low is $2.67. Over the last 52 weeks, GIFI is down -52.30% while the S&P 500 is up 19.82%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, GIFI reported a profit of $-1.7 million. Gulf Island Fabrication Inc. also saw revenues decrease to $59.97 million. In addition, GIFI has free cash flow of -$11.5 million as of 06-2020. The company’s EBITDA came in at -$3.34 million which compares well with its peers.
GIFI booked profit margins of -13.90%, its Return on Equity (ROE) is -25.00%, and its Return on Assets is -15.60%. All told, it is clear that, GIFI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GIFI has a short ratio of 2.58 and outstanding shares of 15.30M.
GIFI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21980.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.67. Gulf Island Fabrication Inc. GIFI also noted assets of $262.55 million at the end of the last quarter. Investors should also keep an eye on sector updates as GIFI has historically followed its peers on positive news.
All told, Gulf Island Fabrication Inc. GIFI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GIFI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Gulf Island Fabrication Inc. GIFI is now commanding a market cap of 42.60M and a float of 12.43M. GIFI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GIFI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in GIFI, either long or short, and we have not been compensated for this article.