Additionally, the 36-month beta value for GTX is 1.28. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 2 rating it as “sell.”
The public float for GTX is 228.74M and currently, short sellers hold a 2.48% ratio of that float. The average trading volume of GTX on April 19, 2024 was 1.10M shares.
GTX) stock’s latest price update
Garrett Motion Inc (NASDAQ: GTX)’s stock price has gone rise by 0.48 in comparison to its previous close of 9.26, however, the company has experienced a -2.05% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
GTX’s Market Performance
Garrett Motion Inc (GTX) has seen a -2.05% fall in stock performance for the week, with a -4.76% decline in the past month and a 3.50% surge in the past quarter. The volatility ratio for the week is 2.95%, and the volatility levels for the past 30 days are at 2.71% for GTX. The simple moving average for the last 20 days is -4.34% for GTX’s stock, with a simple moving average of 12.09% for the last 200 days.
Analysts’ Opinion of GTX
Many brokerage firms have already submitted their reports for GTX stocks, with BWS Financial repeating the rating for GTX by listing it as a “Buy.” The predicted price for GTX in the upcoming period, according to BWS Financial is $15 based on the research report published on June 03, 2021 of the previous year 2021.
GTX Trading at -1.86% from the 50-Day Moving Average
After a stumble in the market that brought GTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.42% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares sank -5.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.39% upper at present.
During the last 5 trading sessions, GTX fell by -2.16%, which changed the moving average for the period of 200-days by +23.77% in comparison to the 20-day moving average, which settled at $9.70. In addition, Garrett Motion Inc saw -3.78% 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 GTX starting from CYRUS CAPITAL PARTNERS, L.P., who sale 271,889 shares at the price of $9.99 back on Apr 09 ’24. After this action, CYRUS CAPITAL PARTNERS, L.P. now owns 27,341,177 shares of Garrett Motion Inc, valued at $2,717,286 using the latest closing price.
CYRUS CAPITAL PARTNERS, L.P., the 10% Owner of Garrett Motion Inc, sale 58,306 shares at $9.96 during a trade that took place back on Apr 08 ’24, which means that CYRUS CAPITAL PARTNERS, L.P. is holding 27,613,066 shares at $580,634 based on the most recent closing price.
Stock Fundamentals for GTX
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.19 for the gross margin
The net margin for Garrett Motion Inc stands at 0.07. The total capital return value is set at 0.34.
Based on Garrett Motion Inc (GTX), the company’s capital structure generated 1.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at -2.3. The interest coverage ratio of the stock is 2.4.
Currently, EBITDA for the company is -2.0 million with net debt to EBITDA at 3.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 1.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, Garrett Motion Inc (GTX) has seen mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” 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.
