In the past week, GNRC stock has gone down by -4.84%, with a monthly gain of 16.39% and a quarterly surge of 13.77%. The volatility ratio for the week is 3.55%, and the volatility levels for the last 30 days are 3.53% for Generac Holdings Inc The simple moving average for the last 20 days is 2.45% for GNRC stock, with a simple moving average of 10.40% for the last 200 days.
Is It Worth Investing in Generac Holdings Inc (NYSE: GNRC) Right Now?
The price-to-earnings ratio for Generac Holdings Inc (NYSE: GNRC) is 39.54x, which is above its average ratio. Moreover, the 36-month beta value for GNRC is 1.42. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for GNRC is 59.24M and currently, short sellers hold a 5.88% of that float. On April 18, 2024, GNRC’s average trading volume was 1.06M shares.
GNRC) stock’s latest price update
Generac Holdings Inc (NYSE: GNRC) has seen a rise in its stock price by 0.89 in relation to its previous close of 129.10. However, the company has experienced a -4.84% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-17 that WAUKESHA, Wisc., April 17, 2024 (GLOBE NEWSWIRE) — Generac Holdings Inc. (“Generac”) (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced plans to release its first quarter 2024 financial results before the market opens on Wednesday, May 1, 2024. Generac management will hold a conference call at 10:00 a.m. EDT on that day to discuss highlights of this earnings release.
Analysts’ Opinion of GNRC
Many brokerage firms have already submitted their reports for GNRC stocks, with Canaccord Genuity repeating the rating for GNRC by listing it as a “Buy.” The predicted price for GNRC in the upcoming period, according to Canaccord Genuity is $150 based on the research report published on April 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see GNRC reach a price target of $144, previously predicting the price at $165. The rating they have provided for GNRC stocks is “Outperform” according to the report published on February 15th, 2024.
GNRC Trading at 8.01% 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 -17.01% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares surge +14.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.26% upper at present.
During the last 5 trading sessions, GNRC fell by -4.84%, which changed the moving average for the period of 200-days by -12.66% in comparison to the 20-day moving average, which settled at $127.98. In addition, Generac Holdings Inc saw 0.78% 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 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 2.29. 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
To wrap up, the performance of Generac Holdings Inc (GNRC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
