Granite Construction Inc

GVA remains in a definitive Stage 4 decline with a series of lower highs and lower lows, confirmed by the recent support failure and declining EMAs. Price is extended well below the 9, 21, and 50 EMAs and trading in extreme oversold territory without any evident exhaustion bounce. Medium-term structure is bearish, with rallies routinely failing at descending EMA levels and prior support now acting as resistance. Trimming exposure should be deferred until a rebound brings price back into these key resistance zones (EMAs or 50 DMA).

• ↑Q1 revenue jumped 30% YoY to $912M, driven by federal IIJA projects
• ↑Raised 2026 revenue guidance to $5.2–$5.4B; acquisitions like Kenny Sane add ~$150M annually
• ↓Q1 used $31M operating cash vs $4M inflow prior-year, highlighting cash flow volatility