GTT Communications, Inc. (GTT) Stock: Seeing Declines In Today’s Session

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GTT Communications, Inc. (GTT) is making a move down in the market in today’s trading session. The company, one that is focused in the tech space, is currently priced at $15.61 after tumbling -6.75% so far today. In terms of technology companies, there are a number of aspects that have the ability to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines relating to GTT:

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Jul-11-19 07:03AM Investors Who Bought GTT Communications (NYSE:GTT) Shares A Year Ago Are Now Down 64%
Jul-08-19 02:00AM GTT to Acquire KPN International
Jul-02-19 01:54PM GTT Communications’s M&A Integration Beset By ‘Miscues,’ KeyBanc Says In Downgrade
Jun-17-19 08:00AM GTT Appoints Ernie Ortega as Division President, Americas
Jun-10-19 04:23PM Dan David on Wolfpack Research’s latest short: GTT

However, when making a decision with regard to investing, prospective investors should focus on far more than news, especially in the ever evolving tech sector. Here’s what’s happening in regard to GTT Communications, Inc..

Trends That We’ve Seen From GTT

Although a decline in a single session, like the fall that we’re seeing from GTT Communications, Inc. may cause fear in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It’s always smart to look into trends for a period longer than a single trading session. In the case of GTT, below are the returns that we’ve seen:

  • Past 5 Sessions – Over the last week, GTT has seen a change in price that amounts to -13.52%.
  • Past 30 Days – The return on investment from GTT Communications, Inc. over the last month works out to -31.83%.
  • Past Three Months – Throughout the past quarter, the stock has produced a ROI that works out to -60.98%
  • Bi-Annually – Throughout the previous six months, we have seen a performance that works out to -40.15% from the stock.
  • Year To Date – Since the open of this year GTT has resulted in a ROI of -34.02%.
  • Annually – Lastly, throughout the last full year, we have seen a change amounting to -65.31% out of GTT. Over this period of time, the stock has sold at a high of -67.68% and a low of 0.64%.

Rations That Investors Should Look Into

Digging into various ratios having to do with a company can provide prospective investors an understanding of how dangerous and/or potentially profitable a stock pick might be. Here are some of the most important ratios to consider when digging into GTT.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors believe that the value of the stock is going to tumble. In general, strong tech stocks can carry a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, as it relates to GTT Communications, Inc., it’s short ratio comes to 26.03.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure whether or not a company can pay for its debts when they mature using current assets or quick assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can be bad. However, some better companies in the tech space do have good quick and current ratios. As it relates to GTT, the quick and current ratios total up to 0.60 and 0.60 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price. In this case, the book to share value ratio comes in at 6.45.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value works out to 0.82.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in GTT, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions own 88.90% of GTT. On the other hand, it’s worth considering that institutional ownership has moved in the amount of -0.37% over the past 3 months.
  • Insider Moves – When it comes to insiders, those close to the company currently own 27.70% of GTT Communications, Inc.. Insider ownership of the company has changed in the amount of 9.04% over the last 3 months.

What Analysts Think About GTT Communications, Inc.

Although it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their analysis to validate your own opinions when it comes to making an investment decision in the tech sector. Below you’ll find the recent moves that we’ve seen from analysts with regard to GTT.

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Jul-02-19 Downgrade KeyBanc Capital Markets Overweight → Sector Weight
Jun-24-19 Reiterated Craig Hallum Buy $45 → $40
May-08-19 Downgrade BTIG Research Buy → Neutral
Aug-06-18 Initiated BWS Financial Sell $5
May-04-18 Upgrade KeyBanc Capital Mkts Sector Weight → Overweight

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.64. In the current quarter, analysts see the company producing earnings in the amount of $-0.02. Over the last 5 years, GTT has generated revenue in the amount of $56.80% with earnings coming in at -38.40%. On a quarter over quarter basis, earnings have seen movement of 28.90% and revenue has seen movement of 72.70%.

Looking At Share Counts

Traders seem to like to know the total numbers of shares both available and outstanding. As far as GTT Communications, Inc., currently there are 61.75M with a float of 41.43M. These numbers mean that of the total of 61.75M shares of GTT in existence today, 41.43M are available to trade hands in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to GTT, the short percent of the float is 31.00%.

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