The stock of Gentex Corporation (NASDAQ:GNTX) increased by $0.19 on Friday to finish at $31.96, up 0.60 percent. The last five days have seen an average of 1,853,800 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $4.69. The average number of shares traded over the last 20 days was 1,604,895, while the average volume over the last 50 days totaled 1,344,970.
GNTX stock appreciated 0.66% since last month. On 07/26/23, the company’s shares reached a one-month low of $31.25. The stock touched a high of $34.33 on 08/07/23, after rallying from a low of $23.28 in 52 weeks. The price of GNTX stock has risen by 17.20% or $4.69 this year, reaching a new high 22 times. Still, the stock price is down -6.90% from the 52-week high.
Insider Transactions
GNTX stock investors should be aware that Gentex Corporation (GNTX) stock had its last reported insider trading activity 28 days ago on Jul 31. On Jul 31, Director ANDERSON JOSEPH B JR sold 4,416 shares at $33.52 each. This transaction resulted in the insider making $148,043. On Jul 31, Starkoff Kathleen sold 4,430 shares at a price of US$33.20. After the transaction, the insider now owns 21,441 shares. Director GOODE GARY F had earlier sold 4,416 shares on May 19 for $28.27 a share. The transaction was completed for $124,837.
Valuation Metrics
Gentex Corporation (GNTX) has a trailing price-to-earnings (P/E) ratio of 20.46. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.50, the price-to-book (PB) ratio of 3.35, and the price-to-cash flow ratio of 35.86.
Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year. A $0.0050 dividend increase was reported on Tuesday March 10 2020.
Financial Health
For the three months ended June 29, Gentex Corporation’s quick ratio was 2.30, while its current ratio was 3.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 31.50% percent. Gentex Corporation’s EBITDA margin for the year ended June 29 was 24.31%, whereas its operating margin stood at 19.90% for the same period. Based on annual data, it had gross profit of $609.81 million and revenue of $1.92 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GNTX’s return on assets (ROA) during the last 12 months has been 15.10%. There was a 15.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.10%.
Earnings Surprise
According to Gentex Corporation’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 $583.08 million, while revenues rose by 20.52% to $550.76 million. It was predicted that Gentex Corporation’s quarterly earnings would be $0.47, but it ended up being $0.41, beating the consensus by 14.60%. EBITDA was $152.09 million for the quarter. At the end of Gentex Corporation’s most recent quarter ended June 29, its liabilities totaled 291.16 million, while its total debt was $3.69 million. Equity owned by shareholders amounts to $233.44 million.
Technical Picture
Here’s a quick look at Gentex Corporation’s (GNTX) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 41.86%, suggesting the stock is Neutral, with a 15.81% historical volatility rate.
The stochastic %K and %D were 16.33% and 15.35% respectively, while the average true range (ATR) was 0.59. Based on the 14-day stochastic reading of 16.49%, the RSI (14) reading is 47.56%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at -0.63.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Gentex Corporation (NASDAQ: GNTX) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Gentex Corporation (GNTX) an Overweight rating. GNTX is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is GNTX’s price target for the next 12 months?
The current consensus forecast for the stock is between $31.00 and $40.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for Gentex Corporation (GNTX) is $36.38.
