The stock of Gentex Corp. (GNTX) has gone down by -4.75% for the week, with a -7.17% drop in the past month and a 3.49% rise in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are 1.51% for GNTX.. The simple moving average for the past 20 days is -6.04% for GNTX’s stock, with a 2.65% simple moving average for the past 200 days.
Is It Worth Investing in Gentex Corp. (NASDAQ: GNTX) Right Now?
Gentex Corp. (NASDAQ: GNTX) has a price-to-earnings ratio of 18.32x that is above its average ratio. Additionally, the 36-month beta value for GNTX is 0.98. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for GNTX is 230.93M and currently, short sellers hold a 1.82% ratio of that float. The average trading volume of GNTX on April 18, 2024 was 1.45M shares.
GNTX) stock’s latest price update
Gentex Corp. (NASDAQ: GNTX)’s stock price has dropped by -0.50 in relation to previous closing price of 33.68. Nevertheless, the company has seen a loss of -4.75% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-29 that ZEELAND, Mich., March 29, 2024 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its first quarter 2024 financial results on Friday, April 26, before the market opens.
Analysts’ Opinion of GNTX
Many brokerage firms have already submitted their reports for GNTX stocks, with BofA Securities repeating the rating for GNTX by listing it as a “Neutral.” The predicted price for GNTX in the upcoming period, according to BofA Securities is $33 based on the research report published on July 06, 2023 of the previous year 2023.
Goldman, on the other hand, stated in their research note that they expect to see GNTX reach a price target of $26, previously predicting the price at $24. The rating they have provided for GNTX stocks is “Neutral” according to the report published on December 14th, 2022.
GNTX Trading at -6.19% from the 50-Day Moving Average
After a stumble in the market that brought GNTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.82% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -7.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.15% lower at present.
During the last 5 trading sessions, GNTX fell by -4.75%, which changed the moving average for the period of 200-days by +14.52% in comparison to the 20-day moving average, which settled at $35.53. In addition, Gentex Corp. saw 2.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GNTX starting from Nash Kevin C, who sale 13,500 shares at the price of $33.04 back on Feb 20 ’24. After this action, Nash Kevin C now owns 44,321 shares of Gentex Corp., valued at $446,087 using the latest closing price.
Ryan Scott P, the General Counsel of Gentex Corp., sale 12,500 shares at $35.00 during a trade that took place back on Feb 20 ’24, which means that Ryan Scott P is holding 28,949 shares at $437,450 based on the most recent closing price.
Stock Fundamentals for GNTX
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.33 for the gross margin
The net margin for Gentex Corp. stands at 0.19. The total capital return value is set at 0.2. Equity return is now at value 19.28, with 16.66 for asset returns.
Currently, EBITDA for the company is 575.55 million with net debt to EBITDA at -0.44. When we switch over and look at the enterprise to sales, we see a ratio of 3.28. The receivables turnover for the company is 7.14for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.67.
Conclusion
In conclusion, Gentex Corp. (GNTX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
