Generac Holdings Inc (NYSE: GNRC)’s stock price has dropped by -2.72 in relation to previous closing price of 151.79. Nevertheless, the company has seen a gain of 3.26% in its stock price over the last five trading days. zacks.com reported 2024-05-23 that Generac (GNRC) benefits from improving home standby generator shipments as field inventory continues to stabilize at normalized levels.
Is It Worth Investing in Generac Holdings Inc (NYSE: GNRC) Right Now?
Generac Holdings Inc (NYSE: GNRC) has a higher price-to-earnings ratio of 40.69x compared to its average ratio, The 36-month beta value for GNRC is at 1.45. 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.”
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The public float for GNRC is 59.57M, and currently, shorts hold a 5.46% of that float. The average trading volume for GNRC on May 23, 2024 was 1.06M shares.
GNRC’s Market Performance
The stock of Generac Holdings Inc (GNRC) has seen a 3.26% increase in the past week, with a 7.64% rise in the past month, and a 30.92% gain in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 3.51% for GNRC. The simple moving average for the past 20 days is 5.41% for GNRC’s stock, with a 25.46% simple moving average for the past 200 days.
Analysts’ Opinion of GNRC
Canaccord Genuity gave a rating of “Buy” to GNRC, setting the target price at $150 in the report published on April 05th of the current year.
GNRC Trading at 11.84% 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 -5.92% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +6.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.00% upper at present.
During the last 5 trading sessions, GNRC rose by +3.40%, which changed the moving average for the period of 200-days by +36.48% in comparison to the 20-day moving average, which settled at $140.54. In addition, Generac Holdings Inc saw 14.26% 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 Nguyen Nam Tran, who sale 546 shares at the price of $140.55 back on May 13 ’24. After this action, Nguyen Nam Tran now owns 3,512 shares of Generac Holdings Inc, valued at $76,740 using the latest closing price.
Jagdfeld Aaron, the Chief Executive Officer of Generac Holdings Inc, sale 5,000 shares at $139.95 during a trade that took place back on May 01 ’24, which means that Jagdfeld Aaron is holding 587,177 shares at $699,750 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
- 0.34 for the gross margin
The net margin for Generac Holdings Inc stands at 0.06. The total capital return value is set at 0.1. Equity return is now at value 9.49, with 4.32 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 0.42. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 8.01.
Currently, EBITDA for the company is 552.8 million with net debt to EBITDA at 2.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.56. The receivables turnover for the company is 7.73for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.29.
Conclusion
In conclusion, Generac Holdings Inc (GNRC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
