Generac Holdings Inc. (GNRC): Here Are Some Research Recommendations

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Generac Holdings Inc. (NYSE:GNRC) finished Wednesday with a subtraction of -$7.66 to close at $175.83, a downside of -4.17 percent. An average of 1,621,860 shares of common stock have been traded in the last five days. There was a fall of -$36.67 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,078,860 shares traded, while the 50-day average volume stands at 973,828.

GNRC stock has decreased by -27.20% in the last month. The company shares reached their 1-month lowest point of $175.78 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $181.78 and a high of $524.31 in 52 weeks. It has reached a new high 1 time so far this year and lost -50.04% or -$176.09 in price. In spite of this, the price is down -66.46% from the 52-week high.


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Insider Transactions

21 days have passed since Generac Holdings Inc. (GNRC) last reported insider trading activity. Jagdfeld Aaron, who is Chief Executive Officer, most recently acquired $5,000 shares at $216.36 per share on Sep 01. In this transaction, the insider spent $1,081,800. Chief Executive Officer, Jagdfeld Aaron, disposed of 5,000 shares at a price of $264.96 on Aug 01. The insider now owns more than $1,324,800 worth of shares. Prior to that, Chief Executive Officer Jagdfeld Aaron went on to Sale 5,000 shares at $213.81 each on Jul 01. An amount of $1,069,050 was transacted.

Valuation Metrics

Generac Holdings Inc. (GNRC) has a trailing price-to-earnings (P/E) ratio of 22.70. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.64, the price-to-book (PB) ratio at 4.63, and the price-to-cash flow ratio at 245.79.

Financial Health

The quick ratio of Generac Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.57 for the quarter ending June 29. Its gross profit as reported stood at $1.36 billion compared to revenue of $3.74 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, Generac Holdings Inc.’s return on assets was 10.20%.

Earnings Surprise

For the three-month period that ended June 29, Generac Holdings Inc. had $1.29 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The analyst consensus anticipated Generac Holdings Inc.’s latest quarter earnings to come in at $2.64 per share, but it turned out to be $2.99, a 13.30% surprise. For the quarter, EBITDA amounted to $256.59 million. Shareholders own equity worth $63.83 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Generac Holdings Inc. (GNRC) price momentum. RSI 9-day as of the close on 21 September was 17.89%, suggesting the stock is oversold, with historical volatility in this time frame at 52.45%.

As of today, GNRC’s price is $193.09 -17.26% or -$36.67 from its 5-day moving average. GNRC is currently trading -27.73% lower than its 20-day SMA and -24.64% lower than its 100-day SMA. However, the stock’s current price level is -19.83% below the SMA50 and -54.40% below the SMA200.

The stochastic %K and %D were 2.23% and 2.81%, respectively, and the average true range (ATR) was 11.30. With the 14-day stochastic at 0.07% and the average true range at 11.53, the RSI (14) stands at 26.03%. The stock has reached -21.34 on the 9-day MACD Oscillator while the 14-day reading was at -29.24.

Analyst Ratings

Wells Fargo launched coverage on Generac Holdings Inc. (NYSE: GNRC) in its analyst report released on June 29, 2022. The firm assigned the stock an Overweight rating.

What is GNRC’s price target for the next 12 months?

Analysts predict a range of price targets between $265.00 and $450.00, with a median target of $345.00. Taking a look at these predictions, the average price target given by analysts for Generac Holdings Inc. (GNRC) stock is $348.47.

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