Digging Through Chart Industries Inc. (NASDAQ:GTLS) Technicals

Chart Industries Inc. (NASDAQ: GTLS) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at -0.23 points down or -0.40% lower on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The GTLS stock is trading at $58.92 from a close of $59.15 on 11/05/19. The day’s price range saw the stock hit a low of $58.84, while the highest price level was $60.73 during the intraday trading.

Is the GTLS stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $60.73. Chart Industries Inc. (NASDAQ: GTLS) has a 52-week price range of between $54.12 and $95.66. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 331518, compared to its 3-months daily average volume of 426.19K. In comparison, the average volume for the last 50 days stands at 415,802.

What about the stock’s price forecasts? GTLS had 10 analysts who offered their 12-month price predictions for the Chart Industries Inc. shares. The group has given the stock a consensus price target of $95.20, with the lowest forecast being put at $72.00. The highest estimate by the 10 analysts is $121.00. The median price target estimate of $97.50 for the stock represents a 39.57% jump in value from the previous price of $58.92. Looking at the 52-week price ranges, the stock’s current price level is 8.87% from its 52-week high price and -38.41% down from its 52-week low in the same period.

Chart Industries Inc. shares have plunged -2.43% over the past week, but its 1-month performance is in the green at 1.81%. Its performance in the current quarter is down -6.45%, while that figure shoots to -31.57% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -16.70%, with the year-to-date prices down by -9.40%.

The company has a market cap of 2.09 billion and a return on assets (ROA) of 3.90%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with GTLS’s at 7.80% indicating that the management is able to generate impressive income with whatever equity at their disposal. If you put your money on this stock, then a forecast ROI is at 5.30%.

But what do Wall Street analysts tracking this stock recommend, given that it has 35.47 million shares outstanding? 10 analysts polled have a consensus recommendation rating of 4.29, indicating that GTLS is a Buy stock at the moment. This mean rating was at 4.29 a month ago. JP Morgan called it a Neutral stock on September 25, 2019, while Raymond James rated it a Outperform in its note released on August 13, 2019. Of the 10 analysts, 1 analysts rate the GTLS stock as Overweight, while 1 of them rated it as a Hold. 8 analysts rate Chart Industries Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.

Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Dec 2019) ranged from a low of $0.86 per share to $1.12 per share. The average estimate by the 10 analysts for the GTLS shares was $0.94 a share, while the company’s last-quarter results returned an EPS of $0.51. Looking at the current EPS trends, seven days ago, GTLS had its Dec 2019 estimates at $0.94 per share while the stock’s EPS was forecasted at the $1.08, a month ago. However, the company’s EPS growth for this quarter stands at 54.10%, while that growth rate for the next fiscal quarter is forecasted at 138.50%. The annual earnings per share growth for the next five years is estimated to be 44.55%, which compares to the 5.61% recorded in the past five-year period.

Let’s briefly check out revenue growth estimates for the company, which is put at 33.30% in the current quarter. However, the next quarter should see net revenue growth of over 26.20%, with analysts forecasting the company’s 12-month growth estimates at 24.00%. 8 analysts have forecast that Chart Industries Inc. will see its revenue growth net between $373.8 million and $429 million for the current quarter. The next quarter should see revenue returns of between $356.11 million and $387.3 million.The average revenue for the quarter is expected at $386.6 million, while for the next quarter, it jumps to $368.93 million. Sales growth for the year are estimated at 24.00%.