The stock price of Garrett Motion Inc (NASDAQ: GTX) has surged by 1.65 when compared to previous closing price of 7.90, but the company has seen a 0.88% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-09 that ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 09, 2024 (GLOBE NEWSWIRE) — Garrett Motion Inc. (NASDAQ: GTX), a global leader in automotive technology, announced today the establishment of a new zero-emission innovation center in Wuhan, China.
Is It Worth Investing in Garrett Motion Inc (NASDAQ: GTX) Right Now?
The price-to-earnings ratio for Garrett Motion Inc (NASDAQ: GTX) is above average at 8.01x. The 36-month beta value for GTX is also noteworthy at 1.16. 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.”
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The public float for GTX is 209.80M, and at present, short sellers hold a 3.28% of that float. The average trading volume of GTX on October 11, 2024 was 846.79K shares.
GTX’s Market Performance
GTX stock saw an increase of 0.88% in the past week, with a monthly gain of 2.95% and a quarterly increase of -11.37%. The volatility ratio for the week is 2.15%, and the volatility levels for the last 30 days are 2.21% for Garrett Motion Inc (GTX). The simple moving average for the last 20 days is -0.59% for GTX stock, with a simple moving average of -9.95% 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 -0.74% 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 -20.96% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares surge +1.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.33% lower at present.
During the last 5 trading sessions, GTX rose by +0.88%, which changed the moving average for the period of 200-days by -12.43% in comparison to the 20-day moving average, which settled at $8.08. In addition, Garrett Motion Inc saw -16.96% 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 Steyn Julia, who sale 14,000 shares at the price of $8.77 back on Jul 31 ’24. After this action, Steyn Julia now owns 53,781 shares of Garrett Motion Inc, valued at $122,795 using the latest closing price.
JULIA STEYN, the Director of Garrett Motion Inc, proposed sale 14,000 shares at $8.77 during a trade that took place back on Jul 31 ’24, which means that JULIA STEYN is holding shares at $122,795 based on the most recent closing price.
Stock Fundamentals for GTX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.19 for the gross margin
The net margin for Garrett Motion Inc stands at 0.06. The total capital return value is set at 0.25.
Based on Garrett Motion Inc (GTX), the company’s capital structure generated 1.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at -2.04. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is -2.0 million with net debt to EBITDA at 3.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 1.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In summary, Garrett Motion Inc (GTX) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” 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.
