The stock of Garrett Motion Inc. (NASDAQ:GTX) increased by $0.18 on Friday to finish at $7.83, up 2.35 percent. The last five days have seen an average of 872,972 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $0.16. The average number of shares traded over the last 20 days was 1,714,408, while the average volume over the last 50 days totaled 1,428,151.
GTX stock appreciated 4.96% since last month. On 07/25/23, the company’s shares reached a one-month low of $7.03. The stock touched a high of $8.68 on 06/02/23, after rallying from a low of $5.57 in 52 weeks. The price of GTX stock has risen by 2.76% or $0.16 this year, reaching a new high 8 times. Still, the stock price is down -9.79% from the 52-week high.
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Insider Transactions
GTX stock investors should be aware that Garrett Motion Inc. (GTX) stock had its last reported insider trading activity 60 days ago on Jun 15. On Jun 15, 10% Owner BAUPOST GROUP LLC/MA sold 1,025,000 shares at $7.55 each. This transaction resulted in the insider making $7,738,750. On Jun 14, BAUPOST GROUP LLC/MA sold 3,100,000 shares at a price of US$7.73. After the transaction, the insider now owns 27,595,589 shares. 10% Owner BAUPOST GROUP LLC/MA had earlier sold 500,000 shares on Jun 13 for $8.00 a share. The transaction was completed for $4,000,000.
Valuation Metrics
Beta for the stock is 1.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.53, and the price-to-cash flow ratio of 5.33.
Financial Health
For the three months ended March 30, Garrett Motion Inc.’s quick ratio was 0.90, while its current ratio was 1.10, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 19.10% percent. Garrett Motion Inc.’s operating margin stood at 13.00% for the same period. Based on annual data, it had gross profit of $683.0 million and revenue of $3.6 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GTX’s return on assets (ROA) during the last 12 months has been -6.00%. There was a 33.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 70.80%.
Earnings Surprise
According to Garrett Motion Inc.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.01 billion, while revenues rose by 15.03% to $970.0 million. It was predicted that Garrett Motion Inc.’s quarterly earnings would be $0.13, but it ended up being $0.2, beating the consensus by -35.00%. EBITDA was $163.0 million for the quarter. At the end of Garrett Motion Inc.’s most recent quarter ended March 30, its liabilities totaled 3.52 billion, while its total debt was $1.9 billion. Equity owned by shareholders amounts to $258.8 million.
Technical Picture
Here’s a quick look at Garrett Motion Inc.’s (GTX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 54.51%, suggesting the stock is Neutral, with a 37.52% historical volatility rate.
The stochastic %K and %D were 63.70% and 68.62% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 65.61%, the RSI (14) reading is 53.41%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -0.03.
Analyst Ratings
In its analyst report released on June 03, 2021, BWS Financial began covering Garrett Motion Inc. (NASDAQ: GTX). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Garrett Motion Inc. (GTX) an Overweight rating. GTX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 0 others recommend it as a buy.
What is GTX’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $15.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Garrett Motion Inc. (GTX) is $15.00.
