The stock of Gentex Corp. (NASDAQ: GNTX) has decreased by -0.09 when compared to last closing price of 33.28. Despite this, the company has experienced a -5.52% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-18 that Gentex Corporation is a leading automotive supplier focusing on digital vision, connected car, and dimmable glass products. The company’s revenue and profitability are on the rise, with expected growth in light vehicle production likely to push results higher, despite a recent drop in shares. Analysts anticipate revenue and earnings growth for the company in the second quarter. But until new data comes out, a ‘hold’ rating makes the most sense.
Is It Worth Investing in Gentex Corp. (NASDAQ: GNTX) Right Now?
The price-to-earnings ratio for Gentex Corp. (NASDAQ: GNTX) is above average at 17.69x, Company’s 36-month beta value is 0.92.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for GNTX is 230.63M, and currently, short sellers hold a 2.17% ratio of that floaft. The average trading volume of GNTX on July 23, 2024 was 1.31M shares.
GNTX’s Market Performance
The stock of Gentex Corp. (GNTX) has seen a -5.52% decrease in the past week, with a -1.43% drop in the past month, and a -2.92% fall in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 1.62% for GNTX. The simple moving average for the last 20 days is -1.91% for GNTX stock, with a simple moving average of -0.40% for the last 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 -2.81% 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 -11.51% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.47% lower at present.
During the last 5 trading sessions, GNTX fell by -5.29%, which changed the moving average for the period of 200-days by +4.58% in comparison to the 20-day moving average, which settled at $33.84. In addition, Gentex Corp. saw 1.80% 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 ANDERSON JOSEPH B JR, who sale 4,716 shares at the price of $34.46 back on May 20 ’24. After this action, ANDERSON JOSEPH B JR now owns 3,764 shares of Gentex Corp., valued at $162,503 using the latest closing price.
GOODE GARY F, the Director of Gentex Corp., sale 4,716 shares at $34.46 during a trade that took place back on May 20 ’24, which means that GOODE GARY F is holding 24,464 shares at $162,503 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 19.23, with 16.81 for asset returns.
Based on Gentex Corp. (GNTX), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 92.36. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 186.49.
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 3.18. 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
In a nutshell, Gentex Corp. (GNTX) has experienced a mixed performance in recent times. The stock has received mixed “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.
