GTT stock: buy or sell?
May 21st, 2019
GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government customers worldwide.
Should I buy GTT stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with GTT stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is GTT Communications stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we collected 3 ratings published for GTT stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
GTT stock analysis
After sliding for 4 days, Tuesday GTT boosted an amazing 5.79%, closing at $27.24.
After sliding for 4 days, Tuesday GTT boosted an amazing 5.79%, closing at $27.24. Since price and SMA200d lines crossed down on May/8, GTT fell $-13.05 per share (-32.39%). Since March when SMA50d and SMA100d crossed up, GTT price slipped $-6.07 per share (-18.22%).
After sliding a bloodcurdling -11.79% in a week last week, GTT closed this week at $27.24 and escalated a cool 4.61%. Early April GTT climbed a brilliant 5.59% in just one week.
If you observe the weekly chart, price is in a simple uptrend, tested $25.24 level and now climbing back aiming its last top at $43.35. Since early May, when GTT stock price broke down the 40-weeks moving avarage line, it slid $-15.12 per share (-35.69%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.
GTT stock price history
GTT stock went public on November 29th, 2006 with a price of $3.401. Since then, GTT stock grew a 701.20%, with an average of 58.40% per year. If you had invested right after GTT's IPO a $1,000 in GTT stock in 2006, it would worth $7,012.00 today.
1: Adjusted price after possible price splits or reverse-splits.
GTT stock historical price chart
GTT stock reached 52-week highs on June at $52.45, and all-time highs 2018-03-26 with a price of 62.32.
GTT stock price target is $46.30Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' GTT stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 3 price predictions for GTT stock published in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-8||BTIG Research||Lowers Target||n/a||$49.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, GTT Communications didn't meet the forecasts of the analysts and posted a godawful EPS of $-0.22 per share when experts were expecting $-0.27.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a dazzling growth of 80.07% to $1,490.80 million USD. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) slipped a -7.69% to -16.33%.
|2013||$157 M||-||$-20.79 M-13.2%||-|
|2014||$207 M||31.76%||$-22.98 M-11.1%||10.53%|
|2015||$369 M||78.09%||$19 M5.2%||-184.01%|
|2016||$522 M||41.28%||$5.26 M1.0%||-72.75%|
|2017||$828 M||58.70%||$-71.50 M-8.6%||-1,459.32%|
|2018||$1,491 M||80.07%||$-243.40 M-16.3%||240.42%|
Quarterly financial resultsGTT Communications reported $454.80 M in sales for 2018-Q4, a 1.38% improvement compared to previous quarter. Reported quarter earnings marked $-53.00 million with a profit margin of -11.65%. Profit margin fell a -6.44% compared to previous quarter when profit margin was -5.22%. When comparing turnover to same quarter last year, GTT sales marked an astounding increase and climbed a 82.43%. Looking back to recent quarterly results, GTT posted 7 negative quarters in a row.
|2017-Q1||$182 M||-||$-13.11 M-7.2%||-|
|2017-Q2||$186 M||2.11%||$0.65 M0.3%||-104.95%|
|2017-Q3||$199 M||6.79%||$-9.52 M-4.8%||-1,566.72%|
|2017-Q4||$249 M||25.37%||$-49.50 M-19.9%||420.01%|
|2018-Q1||$261 M||4.57%||$-30.70 M-11.8%||-37.98%|
|2018-Q2||$327 M||25.35%||$-136.30 M-41.7%||343.97%|
|2018-Q3||$449 M||37.27%||$-23.40 M-5.2%||-82.83%|
|2018-Q4||$455 M||1.38%||$-53.00 M-11.7%||126.50%|
GTT ownershipWhen you are planning to buy shares of a company, it's always worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For GTT Communications, 18.81% of all outstanding shares are owned by its staff.
Bearish positions for GTT stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to GTT:
|Market cap||$1.5 B||$196.1 B||$11.2 B||$187.8 M||$2.2 B|
|Total shares||55.9 M||4,530.0 M||1,090.0 M||24.7 M||49.8 M|
|Float shares||28.9 M||4,500.0 M||976.2 M||14.9 M||47.0 M|
|- Institutional holdings (%)||91.1%||84.7%||75.2%||43.4%||50.5%|
|- Insider holdings (%)||18.8%||0.7%||0.8%||22.7%||5.4%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$25.67 - $27.59|
|Average true range||$2.25|
|50d mov avg||$35.96|
|100d mov avg||$31.91|
|200d mov avg||$34.38|
GTT performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare GTT Communications to Comcast, CenturyLink, IDT, Shenandoah Telecommunications, AT&T and Verizon Communications: