Granite Construction Incorporated Stock Price on April 29, 2024
| GVA Stock | USD 59.16 0.75 1.25% |
Below is the normalized historical share price chart for Granite Construction Incorporated extending back to April 20, 1990. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Granite Construction stands at 59.16, as last reported on the 7th of June, with the highest price reaching 59.98 and the lowest price hitting 58.38 during the day.
If you're considering investing in Granite Stock, it is important to understand the factors that can impact its price. We consider Granite Construction very steady. Granite Construction holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Granite Construction, which you can use to evaluate the volatility of the firm. Please check out Granite Construction's market risk adjusted performance of 0.2529, and Risk Adjusted Performance of 0.1238 to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
At present, Granite Construction's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0, whereas Total Stockholder Equity is forecasted to decline to about 648.2 M. . At present, Granite Construction's Price Earnings Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 16.52, whereas Price To Sales Ratio is forecasted to decline to 0.42. Granite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of April 1990 | 200 Day MA 48.3951 | 50 Day MA 58.3506 | Beta 1.467 |
Granite |
Sharpe Ratio = 0.1034
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| Cash | GVA | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Granite Construction is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Granite Construction by adding it to a well-diversified portfolio.
Price Book 2.49 | Enterprise Value Ebitda 14.9119 | Price Sales 0.6935 | Shares Float 43.7 M | Dividend Share 0.52 |
Granite Construction Main Headline on 29th of April 2024
Filed transaction by Granite Construction Incorporated Officer Senior Vice President. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Granite Construction Valuation on April 29, 2024
It is possible to determine the worth of Granite Construction on a given historical date. On April 29, 2024 Granite was worth 55.86 at the beginning of the trading date compared to the closed value of 55.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Granite Construction stock. Still, in general, we apply an absolute valuation method to find Granite Construction's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Granite Construction where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Granite Construction's related companies.
| Open | High | Low | Close | Volume | |
| 54.85 | 55.69 | 54.85 | 55.53 | 203,581 | |
04/29/2024 | 55.86 | 56.15 | 55.49 | 55.72 | 163,056 |
| 55.33 | 55.57 | 54.99 | 55.50 | 300,395 |
| Backtest Granite Construction | | | Granite Construction History | | | Granite Construction Valuation | Previous | Next |
Granite Construction Trading Date Momentum on April 29, 2024
| On April 30 2024 Granite Construction Incorporated was traded for 55.50 at the closing time. Highest Granite Construction's price during the trading hours was 55.57 and the lowest price during the day was 54.99 . The net volume was 300.4 K. The overall trading history on the 30th of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.39% . The overall trading delta to current price is 10.41% . |
Granite Construction Fundamentals Correlations and Trends
By evaluating Granite Construction's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Granite Construction's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Granite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Granite Construction Stock history
Granite Construction investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Granite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Granite Construction will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Granite Construction stock prices may prove useful in developing a viable investing in Granite Construction
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 52.6 M | 44.8 M | |
| Net Income Applicable To Common Shares | 75 M | 78.7 M |
Granite Construction Quarterly Net Working Capital |
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Granite Construction Stock Technical Analysis
Granite Construction technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Granite Construction Period Price Range
Low | April 29, 2024
| High |
55.86 | 55.72 |
Granite Construction June 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Granite Construction stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Granite Construction shares will generate the highest return on investment. By undertsting and applying Granite Construction stock market strength indicators, traders can identify Granite Construction Incorporated entry and exit signals to maximize returns
| Accumulation Distribution | 1916.6 | |||
| Daily Balance Of Power | (0.21) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 55.82 | |||
| Day Typical Price | 55.79 | |||
| Price Action Indicator | (0.17) | |||
| Period Momentum Indicator | 3.44 |
Granite Construction Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Granite Construction's price direction in advance. Along with the technical and fundamental analysis of Granite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Granite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1238 | |||
| Jensen Alpha | 0.2114 | |||
| Total Risk Alpha | 0.1831 | |||
| Sortino Ratio | 0.2151 | |||
| Treynor Ratio | 0.2429 |
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Complementary Tools for Granite Stock analysis
When running Granite Construction's price analysis, check to measure Granite Construction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.
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