In the past week, GNTX stock has gone up by 0.96%, with a monthly decline of -4.47% and a quarterly plunge of -9.34%. The volatility ratio for the week is 1.69%, and the volatility levels for the last 30 days are 1.94% for Gentex Corp. The simple moving average for the past 20 days is 0.10% for GNTX’s stock, with a -10.72% simple moving average for the past 200 days.
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 16.54x, Company’s 36-month beta value is 0.91.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 229.66M, and currently, short sellers hold a 2.28% ratio of that floaft. The average trading volume of GNTX on October 24, 2024 was 1.60M shares.
GNTX) stock’s latest price update
The stock of Gentex Corp. (NASDAQ: GNTX) has increased by 0.51 when compared to last closing price of 29.37. Despite this, the company has experienced a 0.96% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-22 that Beyond analysts’ top -and-bottom-line estimates for Gentex (GNTX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Analysts’ Opinion of GNTX
Many brokerage firms have already submitted their reports for GNTX stocks, with UBS repeating the rating for GNTX by listing it as a “Neutral.” The predicted price for GNTX in the upcoming period, according to UBS is $34 based on the research report published on September 04, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see GNTX reach a price target of $34. The rating they have provided for GNTX stocks is “Neutral” according to the report published on July 30th, 2024.
BofA Securities gave a rating of “Neutral” to GNTX, setting the target price at $33 in the report published on July 06th of the previous year.
GNTX Trading at -1.09% 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 -21.44% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares sank -2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.04% upper at present.
During the last 5 trading sessions, GNTX rose by +0.96%, which changed the moving average for the period of 200-days by -8.07% in comparison to the 20-day moving average, which settled at $29.49. In addition, Gentex Corp. saw -9.61% 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 GNTX starting from GENTEX CORP, who purchase 3,152,500 shares at the price of $5.00 back on Aug 23 ’24. After this action, GENTEX CORP now owns 6,463,808 shares of Gentex Corp., valued at $15,762,500 using the latest closing price.
ANDERSON JOSEPH B JR, 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 ANDERSON JOSEPH B JR is holding 3,764 shares at $162,503 based on the most recent closing price.
Stock Fundamentals for GNTX
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.34 for the gross margin
The net margin for Gentex Corp. stands at 0.18. The total capital return value is set at 0.21. Equity return is now at value 17.84, with 15.69 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 100.19. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 181.97.
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 2.81. The receivables turnover for the company is 7.59for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.56.
Conclusion
In a nutshell, Gentex Corp. (GNTX) has experienced a bad 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.
