Gentex Corp. (NASDAQ: GNTX) has seen a decline in its stock price by -0.73 in relation to its previous close of 31.34. However, the company has experienced a 5.39% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that GNTX reports mixed third-quarter results and expects 2024 net sales in the range of $2.35-$2.40 billion, down from the previous estimate of $2.40-$2.50 billion.
Is It Worth Investing in Gentex Corp. (NASDAQ: GNTX) Right Now?
The price-to-earnings ratio for Gentex Corp. (NASDAQ: GNTX) is 16.66x, which is above its average ratio. Moreover, the 36-month beta value for GNTX is 0.92. Analysts have varying 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 2.34% of that float. On October 31, 2024, GNTX’s average trading volume was 1.59M shares.
GNTX’s Market Performance
GNTX stock saw an increase of 5.39% in the past week, with a monthly gain of 5.56% and a quarterly increase of 2.13%. The volatility ratio for the week is 2.29%, and the volatility levels for the last 30 days are 1.83% for Gentex Corp. (GNTX). The simple moving average for the last 20 days is 4.76% for GNTX stock, with a simple moving average of -5.82% for the last 200 days.
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 3.80% 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 -17.21% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares surge +5.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.88% upper at present.
During the last 5 trading sessions, GNTX rose by +5.39%, which changed the moving average for the period of 200-days by -3.92% in comparison to the 20-day moving average, which settled at $29.70. In addition, Gentex Corp. saw -4.75% 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 18.32, with 16.22 for asset returns.
Currently, EBITDA for the company is 575.55 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 2.96. The receivables turnover for the company is 6.63for 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 3.69.
Conclusion
To wrap up, the performance of Gentex Corp. (GNTX) has been better in recent times. The stock has received a mixed of “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.
