At the last check on Friday, Generac Holdings Inc.’s (NYSE:GNRC) stock was up $4.67, moving up 4.22 percent to $115.14. The average number of shares traded per day over the past five days has been 1,545,849 shares. 3 times new highs have been achieved over the past 5 days, with a $9.09 gain in that time frame. In the last twenty days, the average volume was 1,958,647, while in the previous 50 days, it was 1,625,257.
Since last month, GNRC stock retreated -21.83%. Shares of the company fell to $104.63 on 08/14/23, the lowest level in the past month. A 52-week high of $270.35 was reached on 08/01/23 after having rallying from a 52-week low of $86.29. Since the beginning of this year, GNRC’s stock price has risen by 14.38% or $15.99, and marked a new high 18 times. However, the stock has declined by -57.41% since its 52-week high.
GNRC stock investors should be aware that Generac Holdings Inc. (GNRC) stock had its last reported insider trading activity 17 days ago on Aug 01. Jagdfeld Aaron, the Chief Executive Officer of the company, disposed of 5,000 shares for $152.22 on Aug 01. It resulted in a $761,100 divestment by the insider. Kanuru Rajendra Kumar sold 250 shares at an average price of $152.22 on Aug 01. The insider now owns 16,368 shares following the transaction. On Jul 03, Chief Executive Officer Jagdfeld Aaron sold 5,000 shares at $149.15 apiece. The transaction was valued at $745,750.
Valuation Metrics
Right now, Generac Holdings Inc. (GNRC) has a P/E ratio of about 48.23. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 1.80, the price-to-book (PB) ratio of 2.94, and the price-to-cash flow ratio of 458.21 may also be considered.
Financial Health
In the three months ended June 29, Generac Holdings Inc.’s quick ratio stood at 0.90, while its current ratio was 2.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.63, and the total debt-to-equity ratio was 0.67. On the profitability front, the trailing twelve-month gross margin is 32.40% percent. In the year ended June 29, EBITDA margin amounted to 15.85%, whereas operating margins totaled 8.10%. Based on annual data, GNRC earned $1.52 billion in gross profit and brought in $4.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 6.50%.
In Generac Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $1.52 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GNRC’s revenue rose 100.0% to $887.91 million during the quarter, while net income inched up to $999.42 million. While analysts expected Generac Holdings Inc. to report $1.14 quarterly earnings, the actual figure was $1.08 per share, beating the consensus estimate by -5.30%. During the quarter, the company generated $128.19 million in EBITDA. The liabilities of Generac Holdings Inc. were 2.9 billion at the end of its most recent quarter ended June 29, and its total debt was $1.74 billion. The value of shareholders’ equity is $62.24 million.
Technical Picture
This quick technical analysis looks at Generac Holdings Inc.’s (GNRC) price momentum. With a historical volatility rate of 49.00%, the RSI 9-day stood at 46.28% on 17 August.
With respect to its five-day moving average, the current Generac Holdings Inc. price is up by +8.45% percent or $9.09. At present, GNRC shares trade -19.72% below its 20-day simple moving average and +6.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.34% below its SMA50 and +0.64% above its SMA200.
Stochastic coefficient K was 14.05% and Stochastic coefficient D was 12.72%, while ATR was 6.03. Given the Stochastic reading of 22.97% for the 14-day period, the RSI (14) reading has been calculated as 43.41%. As of today, the MACD Oscillator reading stands at 1.74, while the 14-day reading stands at -2.08.
Analyst Ratings
Truist upgraded its rating on Generac Holdings Inc. (NYSE: GNRC) to a Buy in a note to investors on August 04, 2023. The analysts firm previously had a Hold rating on the stock.Generac Holdings Inc. (GNRC) has been rated Overweight by analysts. According to 2 brokerage firms, GNRC is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Generac Holdings Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $144.00, the current consensus forecast for the stock is $75.00 – $179.00. Based on these forecasts, analysts predict Generac Holdings Inc. (GNRC) will achieve an average price target of $141.19.
