The stock of Generac Holdings Inc. (NYSE:GNRC) increased by $2.31 on Tuesday to $114.55, up 2.06 percent. The last five days have seen an average of 1,351,955 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $13.13. The average number of shares traded over the last 20 days was 1,838,874, while the average volume over the last 50 days totaled 1,575,576.
GNRC stock dropped -19.83% since last month. On 08/14/23, the company’s shares reached a one-month low of $104.63. The stock touched a high of $278.75 on 08/01/23, after rallying from a low of $86.29 in 52 weeks. The price of GNRC stock has risen by 13.80% or $13.13 this year, reaching a new high 18 times. Still, the stock price is down -58.91% from the 52-week high.
Insider Transactions
GNRC stock investors should be aware that Generac Holdings Inc. (GNRC) stock had its last reported insider trading activity 14 days ago on Aug 01. On Aug 01, Chief Executive Officer Jagdfeld Aaron sold 5,000 shares at $152.22 each. This transaction resulted in the insider making $761,100. On Aug 01, Kanuru Rajendra Kumar sold 250 shares at a price of US$152.22. After the transaction, the insider now owns 16,368 shares. Chief Executive Officer Jagdfeld Aaron had earlier sold 5,000 shares on Jul 03 for $149.15 a share. The transaction was completed for $745,750.
Valuation Metrics
Generac Holdings Inc. (GNRC) has a trailing price-to-earnings (P/E) ratio of 47.99. 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 1.79, the price-to-book (PB) ratio of 2.92, and the price-to-cash flow ratio of 455.88.
Financial Health
For the three months ended June 29, Generac Holdings Inc.’s quick ratio was 0.90, while its current ratio was 2.40, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.63, and the total debt to equity ratio is 0.67. As far as profitability goes, gross margin for the trailing twelve months is 32.40% percent. Generac Holdings Inc.’s EBITDA margin for the year ended June 29 was 15.85%, whereas its operating margin stood at 8.10% for the same period. Based on annual data, it had gross profit of $1.52 billion and revenue of $4.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GNRC’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 12.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.50%.
Earnings Surprise
According to Generac Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $999.42 million, while revenues rose by 100.0% to $887.91 million. It was predicted that Generac Holdings Inc.’s quarterly earnings would be $1.08, but it ended up being $1.14, beating the consensus by -5.30%. EBITDA was $128.19 million for the quarter. At the end of Generac Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 2.9 billion, while its total debt was $1.74 billion. Equity owned by shareholders amounts to $62.24 million.
Technical Picture
Here’s a quick look at Generac Holdings Inc.’s (GNRC) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 37.01%, suggesting the stock is Neutral, with a 142.38% historical volatility rate.
The stochastic %K and %D were 12.51% and 8.77% respectively, while the average true range (ATR) was 6.27. Based on the 14-day stochastic reading of 17.51%, the RSI (14) reading is 37.98%. On the 9-day MACD Oscillator, the stock is at 0.90, and the 14-day reading is at -11.26.
Analyst Ratings
In its most recent analyst report, Truist raised its rating on Generac Holdings Inc. (NYSE: GNRC) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Generac Holdings Inc. (GNRC) an Overweight rating. GNRC is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 14 others recommend it as a buy.
What is GNRC’s price target for the next 12 months?
The current consensus forecast for the stock is between $75.00 and $179.00, with a median target price of $144.00. In analyzing these forecasts, the average price target given by analysts for Generac Holdings Inc. (GNRC) is $141.19.
