Gentex Corp. (NASDAQ: GNTX) has a price-to-earnings ratio that is above its average at 18.22x. The stock has a 36-month beta value of 0.97. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for GNTX is 230.93M, and at present, short sellers hold a 1.71% of that float. On May 01, 2024, the average trading volume of GNTX was 1.40M shares.
GNTX) stock’s latest price update
The stock of Gentex Corp. (NASDAQ: GNTX) has decreased by -1.61 when compared to last closing price of 34.86. Despite this, the company has experienced a -1.04% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-26 that Gentex Corporation (NASDAQ:GNTX ) Q1 2024 Earnings Conference Call April 26, 2024 9:30 AM ET Company Participants Josh O’Berski – Director, IR Steven Downing – President, CEO & Director Kevin Nash – VP, Finance, CFO, Treasurer & CAO Neil Boehm – CTO & VP, Engineering Conference Call Participants Luke Junk – Robert W. Baird & Co. Ronald Jewsikow – Guggenheim Securities James Picariello – BNP Paribas Exane David Whiston – Morningstar Mark Delaney – Goldman Sachs Group Josh Nichols – B.
GNTX’s Market Performance
GNTX’s stock has fallen by -1.04% in the past week, with a monthly drop of -5.09% and a quarterly rise of 1.99%. The volatility ratio for the week is 2.17% while the volatility levels for the last 30 days are 1.77% for Gentex Corp. The simple moving average for the past 20 days is -1.57% for GNTX’s stock, with a 4.44% simple moving average for the past 200 days.
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 -3.78% 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 -8.72% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -5.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.33% lower at present.
During the last 5 trading sessions, GNTX fell by -1.04%, which changed the moving average for the period of 200-days by +11.54% in comparison to the 20-day moving average, which settled at $34.74. In addition, Gentex Corp. saw 5.02% 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:
- 0.22 for the present operating margin
- 0.34 for the gross margin
The net margin for Gentex Corp. stands at 0.19. The total capital return value is set at 0.21. Equity return is now at value 19.30, with 16.87 for asset returns.
Currently, EBITDA for the company is 575.55 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 6.85for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.52.
Conclusion
To sum up, Gentex Corp. (GNTX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
