As of Wednesday close, Garrett Motion Inc.’s (NASDAQ:GTX) stock was up $0.15, moving up 1.98 percent to $7.71. The average number of shares traded per day over the past five days has been 755,800 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 947,300, while in the previous 50 days, it was 1,321,478.
Since last month, GTX stock retreated -2.28%. Shares of the company fell to $7.50 on 08/03/23, the lowest level in the past month. A 52-week high of $8.68 was reached on 06/02/23 after having rallying from a 52-week low of $5.57. Since the beginning of this year, GTX’s stock price has risen by 1.18% or $0.09, and marked a new high 8 times. However, the stock has declined by -11.18% since its 52-week high.
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GTX stock investors should be aware that Garrett Motion Inc. (GTX) stock had its last reported insider trading activity 20 days ago on Aug 11. CYRUS CAPITAL PARTNERS, L.P., the 10% Owner of the company, disposed of 3,486,267 shares for $7.70 on Aug 11. It resulted in a $26,844,256 divestment by the insider. BAUPOST GROUP LLC/MA sold 1,025,000 shares at an average price of $7.55 on Jun 15. The insider now owns 26,570,589 shares following the transaction. On Jun 14, 10% Owner BAUPOST GROUP LLC/MA sold 3,100,000 shares at $7.73 apiece. The transaction was valued at $23,963,000.
Financial Health
In the three months ended June 29, Garrett Motion Inc.’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 19.10% percent. In the year ended June 29, EBITDA margin amounted to 15.40%, whereas operating margins totaled 13.00%. Based on annual data, GTX earned $683.0 million in gross profit and brought in $3.6 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 33.80%. Return on equity (ROE) for the past 12 months was 70.80%.
In Garrett Motion Inc.’s quarter-end financial report for June 29, it reported total debt of $1.77 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GTX’s revenue rose 15.03% during the quarter, while net income inched up to $1.01 billion. While analysts expected Garrett Motion Inc. to report $0.23 quarterly earnings, the actual figure was -$1.88 per share, beating the consensus estimate by -917.40%. During the quarter, the company generated $163.0 million in EBITDA. The liabilities of Garrett Motion Inc. were 3.52 billion at the end of its most recent quarter ended June 29, and its total debt was $1.9 billion. The value of shareholders’ equity is $258.8 million.
Technical Picture
This quick technical analysis looks at Garrett Motion Inc.’s (GTX) price momentum. With a historical volatility rate of 28.68%, the RSI 9-day stood at 43.61% on 30 August.
With respect to its five-day moving average, the current Garrett Motion Inc. price is down by -3.87% percent or -$0.31. At present, GTX shares trade -1.91% below its 20-day simple moving average and -3.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.92% above its SMA50 and +2.94% above its SMA200.
Stochastic coefficient K was 36.12% and Stochastic coefficient D was 56.02%, while ATR was 0.22. Given the Stochastic reading of 35.11% for the 14-day period, the RSI (14) reading has been calculated as 47.16%. As of today, the MACD Oscillator reading stands at -0.18, while the 14-day reading stands at -0.16.
Analyst Ratings
BWS Financial launched its rating on Garrett Motion Inc. (NASDAQ: GTX) to a Buy in a note to investors on June 03, 2021. Garrett Motion Inc. (GTX) has been rated Overweight by analysts. According to 0 brokerage firms, GTX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Garrett Motion Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $15.00 – $15.00. Based on these forecasts, analysts predict Garrett Motion Inc. (GTX) will achieve an average price target of $15.00.
