I find that Great Lakes Dredge & Dock’s ratio of 20.96x is trading slightly below its industry peers’ ratio of 24.94x, which means if you buy Great Lakes Dredge & Dock today, you’d be paying a decent price for it. In this instance, I’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows.
See our latest analysis for Great Lakes Dredge & Dock What Is Great Lakes Dredge & Dock Worth?Īccording to my price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. A question to answer is whether Great Lakes Dredge & Dock's current trading price of US$6.92 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Great Lakes Dredge & Dock’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price.
While Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the NASDAQGS, rising to highs of US$10.56 and falling to the lows of US$6.47.
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