The stock price of Chart Industries Inc (NYSE: GTLS) has surged by 1.67 when compared to previous closing price of 120.61, but the company has seen a -3.27% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-07 that GTLS is set to supply IPSMR liquefaction technology and proprietary equipment to Exxon Mobil for the Rovuma LNG Project in Mozambique.
Is It Worth Investing in Chart Industries Inc (NYSE: GTLS) Right Now?
Chart Industries Inc (NYSE: GTLS) has a higher price-to-earnings ratio of 57.40x compared to its average ratio, The 36-month beta value for GTLS is at 1.71. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for GTLS is 42.56M, and currently, shorts hold a 17.24% of that float. The average trading volume for GTLS on October 25, 2024 was 722.13K shares.
GTLS’s Market Performance
GTLS stock saw a decrease of -3.27% in the past week, with a monthly decline of -0.14% and a quarterly a decrease of -23.97%. The volatility ratio for the week is 2.94%, and the volatility levels for the last 30 days are 2.97% for Chart Industries Inc (GTLS). The simple moving average for the past 20 days is -1.28% for GTLS’s stock, with a -10.96% simple moving average for the past 200 days.
Analysts’ Opinion of GTLS
Many brokerage firms have already submitted their reports for GTLS stocks, with Morgan Stanley repeating the rating for GTLS by listing it as a “Overweight.” The predicted price for GTLS in the upcoming period, according to Morgan Stanley is $175 based on the research report published on September 16, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see GTLS reach a price target of $193. The rating they have provided for GTLS stocks is “Equal Weight” according to the report published on May 08th, 2024.
TD Cowen gave a rating of “Buy” to GTLS, setting the target price at $265 in the report published on May 06th of the current year.
GTLS Trading at 1.57% from the 50-Day Moving Average
After a stumble in the market that brought GTLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.58% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares sank -1.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.95% upper at present.
During the last 5 trading sessions, GTLS fell by -3.27%, which changed the moving average for the period of 200-days by -5.66% in comparison to the 20-day moving average, which settled at $124.21. In addition, Chart Industries Inc saw -10.06% 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 GTLS starting from Harty Linda S, who purchase 5,000 shares at the price of $48.05 back on Sep 16 ’24. After this action, Harty Linda S now owns 5,000 shares of Chart Industries Inc, valued at $240,230 using the latest closing price.
Hotchkiss Herbert, the VP, GC and Secretary of Chart Industries Inc, purchase 212 shares at $117.72 during a trade that took place back on Sep 16 ’24, which means that Hotchkiss Herbert is holding 212 shares at $24,957 based on the most recent closing price.
Stock Fundamentals for GTLS
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.23 for the gross margin
The net margin for Chart Industries Inc stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 4.78, with 1.39 for asset returns.
Based on Chart Industries Inc (GTLS), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.46. The interest coverage ratio of the stock is 1.43.
Currently, EBITDA for the company is 673.8 million with net debt to EBITDA at 6.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 3.6for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Chart Industries Inc (GTLS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
