Gentex Corporation (NASDAQ:GNTX) saw an upside of 1.04% to $34.08 after adding $0.35 on Monday. The 5-day average trading volume is 1,172,539 shares of the company’s common stock. It has gained $34.18 in the past week and touched a new high 3 times within the past 5 days. An average of 1,141,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,159,940.
GNTX’s 1-month performance is 13.68% or $4.13 on its low of $29.94 reached on 07/10/23. The company’s shares have touched a 52-week low of $23.28 and high of $34.18, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, GNTX has achieved 24.97% or $6.84 and has reached a new high 21 times. However, the current price is down -0.29% from the 52-week high price.
Insider Transactions
GNTX stock investors last saw insider trading activity on Jul 31.ANDERSON JOSEPH B JR (Director) most recently sold 4,416 shares at $33.52 per share on Jul 31. This transaction cost the insider $148,043. Director, Starkoff Kathleen, sold 4,430 shares at a price of $33.20 on Jul 31. Then, on May 19, Director GOODE GARY F sold 4,416 shares at a price of $28.27 per share. This transaction amounted to $124,837.
Valuation Metrics
GNTX stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.77 while the price-to-book (PB) in the most recent quarter is 3.57, with the price to cash flow ratio at 84.89.
Gentex Corporation’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 3.70. In terms of profitability, the gross margin trailing 12 months is 31.50%. The trailing 12-month EBITDA margin is 24.31% while for the period ending June 29, Gentex Corporation’s operating margin was 19.90%. The firm’s gross profit as reported stood at $609.81 million against revenue of $1.92 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Gentex Corporation’s cash and short-term investments amounted to $20.17 million against total debt of $3.69 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 33.68% to $109.16 million, while revenue of $97.58 million was 10.61% off the previous quarter. Analysts expected GNTX to announce $0.41 per share in earnings in its latest quarter, but it posted $0.47, representing a 14.60% surprise. EBITDA for the quarter stood at more than $152.09 million. GNTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 291.16 million, with total debt at $3.69 million. Shareholders hold equity totaling $233.44 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 04 August was 80.96% to suggest the stock is trending Overbought, with historical volatility in this time period at 18.30%.
The stock’s 5-day moving average is $33.88, reflecting a +1.58% or $0.53 change from its current price. GNTX is currently trading +13.78% above its 20-day SMA, +27.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +28.23% and SMA200 by+37.76%.
Stochastic %K and %D was 93.44% and 93.33% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 79.76%, while the 14-day stochastic is at 97.89% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at 0.65 and 1.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gentex Corporation (NASDAQ: GNTX), BofA Securities upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for GNTX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GNTX as a “sell,”, while 5 advise that investors “Hold.” 0 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 $31.00 and a high of $40.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Gentex Corporation (GNTX) stock is $36.25.
