On Thursday GMS stock rose 6.79% to $24.21 that boosted daily volume to 499,657 shares. The company is still undervalued on the market while actual fair value looks realistic and guarantees overall financial stability.
Slow growth since March 16 could indicate that contractors order construction materials aggressively. This will be obvious in Q2 2020 financial reports. Its positive 12 months based EPS is the main factor in attracting long term investors who are interested in getting dividends and slow growth.
As urbanization grows exponentially worldwide the construction materials will be on high demand from contractors. COVID-19 pandemic didn’t spread in building sites as people keep long-distance. We may conclude GMS’ revenue and stock are destined to surge further non-aggressively.