The stock of Gates Industrial Corporation plc (GTES) has gone down by -3.71% for the week, with a 4.96% rise in the past month and a 2.49% rise in the past quarter. The volatility ratio for the week is 4.03%, and the volatility levels for the past 30 days are 3.29% for GTES. The simple moving average for the last 20 days is 0.18% for GTES stock, with a simple moving average of 16.58% for the last 200 days.
Is It Worth Investing in Gates Industrial Corporation plc (NYSE: GTES) Right Now?
Gates Industrial Corporation plc (NYSE: GTES) has a higher price-to-earnings ratio of 29.56x compared to its average ratio, The 36-month beta value for GTES is at 1.33. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for GTES is 252.61M, and currently, shorts hold a 3.21% of that float. The average trading volume for GTES on February 25, 2025 was 2.38M shares.
GTES) stock’s latest price update
Gates Industrial Corporation plc (NYSE: GTES) has seen a decline in its stock price by -1.98 in relation to its previous close of 22.25. However, the company has experienced a -3.71% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-02-10 that DENVER, Feb. 10, 2025 /PRNewswire/ — Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that Ivo Jurek, Chief Executive Officer, will participate in fireside chats at the following upcoming investor conferences: The Citi Global Industrial Tech and Mobility Conference on Tuesday, February 18, 2025 at 1:50 p.m. Eastern time.
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 previous 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 previous year.
GTES Trading at 2.86% 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 -8.55% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 4.03%, as shares surge +4.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.50% lower at present.
During the last 5 trading sessions, GTES fell by -3.71%, which changed the moving average for the period of 200-days by +32.34% in comparison to the 20-day moving average, which settled at $21.77. In addition, Gates Industrial Corporation plc saw 6.03% 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 insider 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 6.26, with 2.78 for asset returns.
Based on Gates Industrial Corporation plc (GTES), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 2.28. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 3.58.
Currently, EBITDA for the company is 478.7 million with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.48. The receivables turnover for the company is 4.72for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.20.
Conclusion
In conclusion, Gates Industrial Corporation plc (GTES) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
