10 Cheapest Stocks Insiders Are Buying Recently

5. GrafTech International Ltd. (NYSE:EAF)

Average price per share: $1.06

Market capitalization: $280.42 million

GrafTech International Ltd. is a producer of graphite electrodes and petroleum coke, which are essential for the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Brooklyn Heights, Ohio-headquartered company was founded in 1886 and has a comprehensive portfolio of affordable, ultra-high power graphite electrode production facilities. It has vertical integration within the petroleum needle coke industry. GrafTech sells its products primarily through a direct sales force, independent sales representatives, and distributors.

On February 13, two insiders, including the CEO, acquired a total of around $105,595 worth of GrafTech shares at an average price of $1.06 per share. Year-to-date, the stock declined 36.99% and is now trading at $1.09 per share. On February 12, its shares hit the lowest point this year, trading at $1.02, which may suggest that insiders wanted to use the drop and acquire more shares at a more affordable price.

For the full year 2024, the company disclosed net sales of $538.78 million, compared to net sales of $620.50 million in 2023. Net loss for the year amounted to $131.17 million, which compares to net loss of $255.25 million for the full year 2023. Adjusted EBITDA for 2024 was $2 million, compared to adjusted EBITDA of $20 million in the prior year.

The earnings came lower than expected, which could be the reason behind the recent drop in its share price. However, insider trading activity still indicates confidence in this stock’s growth.

Five analysts have an average “Hold” rating on GrafTech stock, with a 12-month stock price target of $1.73, according to data from Stock Analysis.