Genpact Limited (NYSE:G) saw an upside of 0.46% to $47.61 after adding $0.22 on Wednesday. The 5-day average trading volume is 582,734 shares of the company’s common stock. It has gained $48.32 in the past week and touched a new high 4 times within the past 5 days. An average of 593,468 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 789,873.
G’s 1-month performance is 3.52% or $1.42 on its low of $45.38 reached on 01/05/23. The company’s shares have touched a 52-week low of $37.68 and high of $50.26, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, G has achieved 2.31% or $1.17 and has reached a new high 7 times. However, the current price is down -5.27% from the 52-week high price.
G stock investors last saw insider trading activity on Jan 11.White Heather (SVP & Chief Legal Officer) most recently sold 5,225 shares at $46.72 per share on Jan 11. This transaction cost the insider $244,127. President and CEO, Tyagarajan N. V., sold 50,000 shares at a price of $45.68 on Jan 05. Then, on Jan 04, President and CEO Tyagarajan N. V. sold 50,000 shares at a price of $47.01 per share. This transaction amounted to $2,350,667.
G stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.97 while the price-to-book (PB) in the most recent quarter is 5.01, with the price to cash flow ratio at 27.17.
Genpact Limited’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.44, while the total debt to equity was 0.87. In terms of profitability, the gross margin trailing 12 months is 35.00%. The firm’s gross profit as reported stood at $1.43 billion against revenue of $4.02 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -6.83% to $95.84 million, while revenue of $71.67 million was 25.22% off the previous quarter. Analysts expected G to announce $0.69 per share in earnings in its latest quarter, but it posted $0.75, representing a 8.70% surprise. EBITDA for the quarter stood at more than $162.31 million. G stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.8 billion, with total debt at $1.75 billion. Shareholders hold equity totaling $183.26 million.
Let’s look briefly at Genpact Limited (G) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 55.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.76%.
The stock’s 5-day moving average is $47.58, reflecting a +1.20% or $0.56 change from its current price. G is currently trading +3.09% above its 20-day SMA, +1.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.50% and SMA200 by+10.17%.
Stochastic %K and %D was 79.75% and 81.21% and the average true range (ATR) pointed at 0.85. The RSI (14) points at 56.05%, while the 14-day stochastic is at 71.94% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at 0.21 and 0.55 on the 14-day charts.
In the most recent analyst report for Genpact Limited (NYSE: G), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for G stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate G as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is G’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.00 and a high of $56.00, with their median price target at $50.50. Looking at these predictions, the average price target given by analysts is for Genpact Limited (G) stock is $50.40.