The stock of Gates Industrial Corporation plc (NYSE: GTES) has increased by 0.91 when compared to last closing price of 20.83. Despite this, the company has experienced a 0.91% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-17 that Here is how Gates Industrial (GTES) and Kornit Digital (KRNT) have performed compared to their sector so far this year.
Is It Worth Investing in Gates Industrial Corporation plc (NYSE: GTES) Right Now?
The price-to-earnings ratio for Gates Industrial Corporation plc (NYSE: GTES) is above average at 25.25x, Company’s 36-month beta value is 1.38.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GTES is 243.25M, and currently, short sellers hold a 2.30% ratio of that floaft. The average trading volume of GTES on December 27, 2024 was 2.82M shares.
GTES’s Market Performance
The stock of Gates Industrial Corporation plc (GTES) has seen a 0.91% increase in the past week, with a -5.06% drop in the past month, and a 18.82% gain in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are at 2.27% for GTES. The simple moving average for the last 20 days is -3.49% for GTES stock, with a simple moving average of 16.87% for the last 200 days.
Analysts’ Opinion of GTES
Many brokerage firms have already submitted their reports for GTES stocks, with Barclays repeating the rating for GTES by listing it as a “Overweight.” The predicted price for GTES in the upcoming period, according to Barclays is $25 based on the research report published on December 05, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see GTES reach a price target of $19. The rating they have provided for GTES stocks is “Equal-Weight” according to the report published on September 06th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to GTES, setting the target price at $22 in the report published on August 19th of the current year.
GTES Trading at 1.29% from the 50-Day Moving Average
After a stumble in the market that brought GTES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.94% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.57% upper at present.
During the last 5 trading sessions, GTES rose by +0.91%, which changed the moving average for the period of 200-days by +23.00% in comparison to the 20-day moving average, which settled at $21.78. In addition, Gates Industrial Corporation plc saw 56.63% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GTES starting from BX Gates ML-5 Holdco LLC, who proposed sale 14,865 shares at the price of $21.39 back on Nov 25 ’24. After this action, BX Gates ML-5 Holdco LLC now owns shares of Gates Industrial Corporation plc, valued at $317,962 using the latest closing price.
BX Gates ML-4 Holdco LLC, the of Gates Industrial Corporation plc, proposed sale 64,602 shares at $21.39 during a trade that took place back on Nov 25 ’24, which means that BX Gates ML-4 Holdco LLC is holding shares at $1,381,837 based on the most recent closing price.
Stock Fundamentals for GTES
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.4 for the gross margin
The net margin for Gates Industrial Corporation plc stands at 0.06. The total capital return value is set at 0.08. Equity return is now at value 7.15, with 3.12 for asset returns.
Based on Gates Industrial Corporation plc (GTES), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 3.58.
Currently, EBITDA for the company is 676.3 million with net debt to EBITDA at 2.74. When we switch over and look at the enterprise to sales, we see a ratio of 2.12. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.02.
Conclusion
In a nutshell, Gates Industrial Corporation plc (GTES) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
