Gentex Corporation (NASDAQ:GNTX) saw an upside of 2.97% to close Monday at $36.36 after adding $1.05 on the day. The 5-day average trading volume is 1,664,660 shares of the company’s common stock. It has gained $36.37 in the past week. An average of 2,018,895 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,512,058.
GNTX’s 1-month performance is 16.50% or $5.15 on its low of $31.13 reached on 09/13/21. The company’s shares have touched a 52-week low of $26.90 and high of $37.75, with the stock’s rally to the 52-week high happening on 01/12/21. YTD, GNTX has achieved 7.16% or $2.43. However, the current price is down -3.68%% from the 52-week high price.
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On Jul 27, 77 days have gone by since the last insider trading activity for Gentex Corporation (GNTX). MULDER JOHN A (Director) most recently sold 7,000 shares at $32.65 per share on Jul 27. This transaction cost the insider $228,549. Director, Zang Ling, sold 10,000 shares at a price of $34.34 on Jun 08. Then, on May 21, Director Hollars James A sold 4,061 shares at a price of $34.68 per share. This transaction amounted to $140,839.
The company’s PE ratio for the last five years has touched a high of 27.92 and a low of 11.08. GNTX stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.46 while the price-to-book (PB) in the most recent quarter is 4.53, with the price to cash flow ratio at 20.92.
Gentex Corporation pays an annual dividend of $0.48 per share. Its dividend yield is 1.32% and the payout ratio is 25.40%. GNTX paid $0.12 a share compared with prior rate of $0.12, down 0.0% from last year’s. The company latest dividend increase of $0.0050 reported on Tuesday March 10 2020. Measured over the last 3 years, the Dividend has been growing by 25.00% yearly.
It is projected that Gentex Corporation’s next ex-dividend date will be on 7-Jan-2022. GNTX is expected to distribute $0.12 as its next dividend.
Gentex Corporation’s quick ratio for the period ended June 29 was 3.40, with the current ratio over the same period at 4.70 meaning that GNTX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 38.60%. The trailing 12-month EBITDA margin is 29.91% while for the period ending June 29; Gentex Corporation’s operating margin was 27.90%. The firm’s gross profit as reported stood at $605.44 million against revenue of $1.69 billion.
For the quarterly period ending June 29 this year, Gentex Corporation’s cash and short-term investments amounted to $13.8 million against total debt of $2.28 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 46.28% to $428.01 million, while revenue of $483.72 million was -13.02% off the previous quarter. Analysts expected GNTX to announce $0.45 per share in earnings in its latest quarter, but it posted $0.36, representing a -20.00% surprise. EBITDA for the quarter stood at more than $125.82 million. GNTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 250.48 million, with total debt at $2.28 million. Shareholders hold equity totaling $238.95 million
Let’s look briefly at Gentex Corporation (GNTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 88.23% to suggest the stock is trending Overbought, with historical volatility in this time period at 17.77%.
The stock’s 5-day moving average is $34.84, reflecting a +7.61% or $2.57 change from its current price. GNTX is currently trading +15.98% above its 20-day SMA, +6.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.85% and +7.07% respectively.
Stochastic %K and %D was 98.93% and 98.03% and the average true range (ATR) pointed at 0.70. The RSI (14) points at 81.53%, while the 14-day stochastic is at 99.77% with the period’s ATR at 0.66. The stock’s 9-day MACD Oscillator is pointing at 1.26 and 1.67 on the 14-day charts.
In the most recent analyst report for Gentex Corporation (NASDAQ: GNTX), Seaport Global Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for GNTX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate GNTX as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is GNTX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $41.00, with their median price target at $37.50. Looking at these predictions, the average price target given by analysts is for Gentex Corporation (GNTX) stock is $36.13.