In the past week, GIL stock has gone up by 0.22%, with a monthly gain of 5.97% and a quarterly surge of 24.56%. The volatility ratio for the week is 2.77%, and the volatility levels for the last 30 days are 2.10% for Gildan Activewear Inc The simple moving average for the past 20 days is 3.86% for GIL’s stock, with a 17.28% simple moving average for the past 200 days.
Is It Worth Investing in Gildan Activewear Inc (NYSE: GIL) Right Now?
Gildan Activewear Inc (NYSE: GIL) has a higher price-to-earnings ratio of 17.02x compared to its average ratio, The 36-month beta value for GIL is at 1.39. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for GIL is 158.51M, and currently, shorts hold a 1.93% of that float. The average trading volume for GIL on August 09, 2024 was 702.65K shares.
GIL) stock’s latest price update
The stock price of Gildan Activewear Inc (NYSE: GIL) has surged by 3.50 when compared to previous closing price of 39.98, but the company has seen a 0.22% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-02 that Gildan Activewear Inc.’s Q2 2024 results were positive, with expected growth and increased market share. The company has levers to solidify its leading market position in the industry. Hold rating on the stock has been maintained since March 2024, with a positive outlook for future performance.
GIL Trading at 6.95% from the 50-Day Moving Average
After a stumble in the market that brought GIL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.48% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +5.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.27% upper at present.
During the last 5 trading sessions, GIL rose by +0.22%, which changed the moving average for the period of 200-days by +42.49% in comparison to the 20-day moving average, which settled at $39.94. In addition, Gildan Activewear Inc saw 25.17% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GIL
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.29 for the gross margin
The net margin for Gildan Activewear Inc stands at 0.13. The total capital return value is set at 0.2. Equity return is now at value 21.95, with 11.27 for asset returns.
Based on Gildan Activewear Inc (GIL), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 8.28.
Currently, EBITDA for the company is 648.99 million with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.48. The receivables turnover for the company is 5.35for 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 2.35.
Conclusion
In conclusion, Gildan Activewear Inc (GIL) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
