Should You Invest in Generac Holdings Inc (GNRC) Now?

Generac Holdings Inc (NYSE: GNRC) has a higher price-to-earnings ratio of 38.90x compared to its average ratio, The 36-month beta value for GNRC is at 1.44. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”

The public float for GNRC is 59.26M, and currently, shorts hold a 6.28% of that float. The average trading volume for GNRC on April 03, 2024 was 985.76K shares.

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GNRC) stock’s latest price update

Generac Holdings Inc (NYSE: GNRC)’s stock price has increased by 0.58 compared to its previous closing price of 127.41. However, the company has seen a 8.59% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-25 that ITT announces investment of $11 million to boost the company’s pump testing capabilities at three of its IP sites.

GNRC’s Market Performance

GNRC’s stock has risen by 8.59% in the past week, with a monthly rise of 12.24% and a quarterly drop of -0.84%. The volatility ratio for the week is 3.08% while the volatility levels for the last 30 days are 2.96% for Generac Holdings Inc The simple moving average for the last 20 days is 9.98% for GNRC stock, with a simple moving average of 8.69% for the last 200 days.

Analysts’ Opinion of GNRC

Many brokerage firms have already submitted their reports for GNRC stocks, with TD Cowen repeating the rating for GNRC by listing it as a “Outperform.” The predicted price for GNRC in the upcoming period, according to TD Cowen is $144 based on the research report published on February 15, 2024 of the current year 2024.

BofA Securities gave a rating of “Neutral” to GNRC, setting the target price at $110 in the report published on November 15th of the previous year.

GNRC Trading at 9.71% from the 50-Day Moving Average

After a stumble in the market that brought GNRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.35% of loss for the given period.

Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares surge +13.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.70% upper at present.

During the last 5 trading sessions, GNRC rose by +8.59%, which changed the moving average for the period of 200-days by +7.19% in comparison to the 20-day moving average, which settled at $117.27. In addition, Generac Holdings Inc saw -0.84% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GNRC starting from Jagdfeld Aaron, who sale 5,000 shares at the price of $126.94 back on Apr 01 ’24. After this action, Jagdfeld Aaron now owns 592,177 shares of Generac Holdings Inc, valued at $634,700 using the latest closing price.

Jagdfeld Aaron, the Chief Executive Officer of Generac Holdings Inc, sale 5,000 shares at $115.00 during a trade that took place back on Mar 14 ’24, which means that Jagdfeld Aaron is holding 597,177 shares at $575,000 based on the most recent closing price.

Stock Fundamentals for GNRC

Current profitability levels for the company are sitting at:

  • 0.1 for the present operating margin
  • 0.33 for the gross margin

The net margin for Generac Holdings Inc stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 8.83, with 3.96 for asset returns.

Based on Generac Holdings Inc (GNRC), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 3.96.

Currently, EBITDA for the company is 552.8 million with net debt to EBITDA at 2.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.26. The receivables turnover for the company is 7.49for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.

Conclusion

In conclusion, Generac Holdings Inc (GNRC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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