Gentex Corporation (NASDAQ:GNTX) finished Wednesday with a subtraction of -$0.43 to close at $36.28, a downside of -1.17 percent. An average of 1,975,640 shares of common stock have been traded in the last five days. There was a gain of $2.39 in the past week. The last 20 days have seen an average of 2,090,500 shares traded, while the 50-day average volume stands at 1,564,018.
GNTX stock has increased by 14.70% in the last month. The company shares reached their 1-month lowest point of $31.22 on 09/14/21. With the stock rallying to its 52-week high on 01/12/21, shares of the company touched a low of $26.90 and a high of $37.75 in 52 weeks. In spite of this, the price is down -3.89% from the 52-week high.
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79 days have passed since Gentex Corporation (GNTX) last reported insider trading activity. MULDER JOHN A, who is Director, most recently acquired $7,000 shares at $32.65 per share on Jul 27. In this transaction, the insider spent $228,549. Director, Zang Ling, disposed of 10,000 shares at a price of $34.34 on Jun 08. The insider now owns more than $343,400 worth of shares. Prior to that, Director Hollars James A went on to Sale 4,061 shares at $34.68 each on May 21. An amount of $140,839 was transacted.
Gentex Corporation (GNTX) has a trailing price-to-earnings (P/E) ratio of 19.29, which compares with the 15.45 for the broader industry and 31.09 for the sector. In the last five years, Gentex Corporation’s PE ratio has ranged between 27.92 and 11.08. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.45, the price-to-book (PB) ratio at 4.52, and the price-to-cash flow ratio at 20.87.
Gentex Corporation pays a $0.48 dividend per share annually. It offers a dividend yield of 1.32%. The company has a payout ratio of 25.40%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Tuesday March 10 2020. Dividends have grown by 25.00% each year over the last three years.
Gentex Corporation will next go ex-dividend on 7-Jan-2022. The next dividend payment Gentex Corporation will make is expected to be $0.12.
The quick ratio of Gentex Corporation for the three months ended June 29 was 3.40, and the current ratio was 4.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 38.60% against a 5-year average of 37.8%. Gentex Corporation’s EBITDA margin for the year ending June 29 is 29.91%, while its operating margin for the same period stands at 27.90%. Its gross profit as reported stood at $605.44 million compared to revenue of $1.69 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gentex Corporation’s return on assets was 20.60%, compared to 17.6% over the last five years. In the past year, the return on investment has been 17.10%, and the 5-year average is 19.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 23.50% and the 5-year average holds at 20.3%. For the broader industry, ROE averaged 10.14 over the past year.
For the three-month period that ended June 29, Gentex Corporation had $13.8 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $428.01 million in the quarter, while revenues of $483.72 million were grew 46.28%. The analyst consensus anticipated Gentex Corporation’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.36, a -20.00% surprise. For the quarter, EBITDA amounted to $125.82 million. Shareholders own equity worth $238.95 million.
From a technical analysis perspective, let’s take a brief look at Gentex Corporation (GNTX) price momentum. RSI 9-day as of the close on 13 October was 79.22%, suggesting the stock is Overbought, with historical volatility in this time frame at 16.62%.
As of today, GNTX’s price is $35.87 +7.05% or $2.39 from its 5-day moving average. GNTX is currently trading +13.27% higher than its 20-day SMA and +4.52% higher than its 100-day SMA. However, the stock’s current price level is +7.05% above the SMA50 and +6.96% above the SMA200.
The stochastic %K and %D were 95.45% and 97.88%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 87.98% and the average true range at 0.66, the RSI (14) stands at 76.11%. The stock has reached 1.52 on the 9-day MACD Oscillator while the 14-day reading was at 2.12.
Seaport Global Securities upgraded Gentex Corporation (NASDAQ: GNTX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Gentex Corporation (GNTX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GNTX, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is GNTX’s price target for the next 12 months?
Analysts predict a range of price targets between $30.00 and $41.00, with a median target of $37.50. Taking a look at these predictions, the average price target given by analysts for Gentex Corporation (GNTX) stock is $36.13.