Generac Holdings Inc. (NYSE:GNRC) saw a downside of -2.93% to close Monday at $110.61 after subtracting -$3.34 on the day. The 5-day average trading volume is 3,743,680 shares of the company’s common stock. It has gained $156.95 in the past week and touched a new high 1 time within the past 5 days. An average of 1,761,985 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,506,972.
GNRC’s 1-month performance is -18.72% or -$25.47 on its low of $109.70 reached on 08/07/23. The company’s shares have touched a 52-week low of $86.29 and high of $281.50, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, GNRC has achieved 9.88% or $9.95 and has reached a new high 18 times. However, the current price is down -60.71% from the 52-week high price.
Insider Transactions
GNRC stock investors last saw insider trading activity on Aug 01.Jagdfeld Aaron (Chief Executive Officer) most recently sold 5,000 shares at $152.22 per share on Aug 01. This transaction cost the insider $761,100. EVP, GC, Corp. Secretary, Kanuru Rajendra Kumar, sold 250 shares at a price of $152.22 on Aug 01. Then, on Jul 03, Chief Executive Officer Jagdfeld Aaron sold 5,000 shares at a price of $149.15 per share. This transaction amounted to $745,750.
Valuation Metrics
GNRC stock has a beta of 1.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.66 while the price-to-book (PB) in the most recent quarter is 2.91.
Generac Holdings Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.69. In terms of profitability, the gross margin trailing 12 months is 32.40%. The trailing 12-month EBITDA margin is 15.85% while for the period ending June 29, Generac Holdings Inc.’s operating margin was 14.00%. The firm’s gross profit as reported stood at $1.52 billion against revenue of $4.56 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -816.01% to $12.43 million, while revenue of $227.37 million was -1729.2% off the previous quarter. Analysts expected GNRC to announce $1.15 per share in earnings in its latest quarter, but it posted $1.08, representing a -6.10% surprise. EBITDA for the quarter stood at more than $85.39 million. GNRC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.87 billion, with total debt at $1.94 billion. Shareholders hold equity totaling $62.19 million.
Let’s look briefly at Generac Holdings Inc. (GNRC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 23.75% to suggest the stock is trending oversold, with historical volatility in this time period at 143.63%.
The stock’s 5-day moving average is $120.93, reflecting a -28.04% or -$43.09 change from its current price. GNRC is currently trading -21.61% above its 20-day SMA, -2.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.74% and SMA200 by-25.13%.
Stochastic %K and %D was 3.57% and 11.58% and the average true range (ATR) pointed at 8.00. The RSI (14) points at 30.76%, while the 14-day stochastic is at 1.93% with the period’s ATR at 7.42. The stock’s 9-day MACD Oscillator is pointing at -22.56 and -27.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Generac Holdings Inc. (NYSE: GNRC), Truist upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for GNRC stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate GNRC as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.
What is GNRC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $75.00 and a high of $180.00, with their median price target at $144.00. Looking at these predictions, the average price target given by analysts is for Generac Holdings Inc. (GNRC) stock is $142.14.
