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Perhaps this is the right time to buy: Gildan Activewear Inc. (GIL)

Let’s start up with the current stock price of Gildan Activewear Inc. (GIL), which is $28.85 to be very precise. The Stock rose vividly during the last session to $28.97 after opening rate of $28.50 while the lowest price it went was recorded $28.44 before closing at $28.72.Recently in News on November 17, 2022, Tackling Climate Change: Gildan’s Climate, Energy, and Water Goals. Since Gildan’s beginnings, respect for the environment has been central to the way the Company operates. In fact, one of Gildan’s ESG priorities as a global manufacturer is to conduct business in a way that optimizes and conserves resources. With an ESG journey spanning over 20 years, Gildan has made consistent efforts to minimize its environmental impact and become a leading sustainable apparel manufacturer. You can read further details here

Gildan Activewear Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $43.42 on 01/04/22, with the lowest value was $25.67 for the same time period, recorded on 07/14/22.

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Gildan Activewear Inc. (GIL) full year performance was -31.65%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Gildan Activewear Inc. shares are logging -33.56% during the 52-week period from high price, and 12.39% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $25.67 and $43.42.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 334635 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Gildan Activewear Inc. (GIL) recorded performance in the market was -31.94%, having the revenues showcasing -8.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.03B, as it employees total of 52000 workers.

The Analysts eye on Gildan Activewear Inc. (GIL)

During the last month, 0 analysts gave the Gildan Activewear Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 29.83, with a change in the price was noted +1.25. In a similar fashion, Gildan Activewear Inc. posted a movement of +4.53% for the period of last 100 days, recording 623,475 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GIL is recording 0.55 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.46.

Technical rundown of Gildan Activewear Inc. (GIL)

Raw Stochastic average of Gildan Activewear Inc. in the period of last 50 days is set at 33.61%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 37.63%. In the last 20 days, the company’s Stochastic %K was 33.00% and its Stochastic %D was recorded 30.54%.

Considering, the past performance of Gildan Activewear Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -31.94%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -2.34%, alongside a downfall of -31.65% for the period of the last 12 months. The shares increased approximately by 2.85% in the 7-day charts and went up by -9.31% in the period of the last 30 days. Common stock shares were lifted by -8.47% during last recorded quarter.

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