To predict the stock price of GMS for the next trading week, we analyze both fundamental and technical factors.
GMS Inc. has faced recent challenges, with Q3 adjusted EPS of 92 cents, missing the consensus estimate of $1.40. Analysts have lowered price targets, with Baird reducing it to $93 from $110 and Truist lowering it to $80 from $97, reflecting weak market outlook and disappointing Q3 results.
The stock is oversold, with RSI values below 30. The MACD is negative, indicating bearish momentum. Fibonacci levels suggest resistance at $81.46 and support at $69.14. The price is below key moving averages, confirming a downtrend.
Given the bearish technical indicators and negative sentiment, GMS is expected to decline further. The target price for the next trading week is $68.00.
Recommendation: Sell GMS stock as it is likely to test lower support levels.
The price of GMS is predicted to go up 19.86%, based on the high correlation periods with OTRK. The similarity of these two price pattern on the periods is 97.1%.
GMS
OTRK
Loop Capital
2025-03-10
Price Target
$93 → $80
Upside
+9.97%
Barclays
2025-03-10
Price Target
$80 → $71
Downside
-2.41%
DA Davidson
2025-03-07
Price Target
$94 → $80
Upside
+8.08%