Garrett Motion Inc (NASDAQ:GTX) saw a downside of -0.65% to close Friday at $7.59 after subtracting -$0.05 on the day. The 5-day average trading volume is 802,380 shares of the company’s common stock. It has gained $8.03 in the past week and touched a new high 2 times within the past 5 days. An average of 1,208,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,404,482.
GTX’s 1-month performance is -5.36% or -$0.41 on its low of $7.51 reached on 09/11/23. The company’s shares have touched a 52-week low of $5.57 and high of $8.68, with the stock’s rally to the 52-week high happening on 06/02/23. YTD, GTX has lost -0.39% or -$0.03 and has reached a new high 8 times. However, the current price is down -12.56% from the 52-week high price.
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Insider Transactions
GTX stock investors last saw insider trading activity on Aug 11.CYRUS CAPITAL PARTNERS, L.P. (10% Owner) most recently sold 3,486,267 shares at $7.70 per share on Aug 11. This transaction cost the insider $26,844,256. 10% Owner, BAUPOST GROUP LLC/MA, sold 1,025,000 shares at a price of $7.55 on Jun 15. Then, on Jun 14, 10% Owner BAUPOST GROUP LLC/MA sold 3,100,000 shares at a price of $7.73 per share. This transaction amounted to $23,963,000.
Valuation Metrics
GTX stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.51 while the price to cash flow ratio at 5.10.
Garrett Motion Inc’s quick ratio for the period ended June 29 was 0.94, with the current ratio over the same period at 1.15. In terms of profitability, the gross margin trailing 12 months is 23.09%. The trailing 12-month EBITDA margin is 15.40% while for the period ending June 29, Garrett Motion Inc’s operating margin was 13.18%. The firm’s gross profit as reported stood at $683.0 million against revenue of $3.6 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -19.72% to $71.0 million, while revenue of $81.0 million was -14.08% off the previous quarter. Analysts expected GTX to announce $0.23 per share in earnings in its latest quarter, but it posted -$1.88, representing a -917.40% surprise. EBITDA for the quarter stood at more than $163.0 million. GTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.52 billion, with total debt at $1.9 billion. Shareholders hold equity totaling $258.8 million.
Let’s look briefly at Garrett Motion Inc (GTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 36.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.34%.
The stock’s 5-day moving average is $7.83, reflecting a -4.41% or -$0.35 change from its current price. GTX is currently trading -5.36% above its 20-day SMA, -9.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.02% and SMA200 by+0.93%.
Stochastic %K and %D was 43.59% and 67.74% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 42.37%, while the 14-day stochastic is at 15.38% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.05 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Garrett Motion Inc (NASDAQ: GTX), BWS Financial launched coverage with a Buy rating. Analysts offering their rating for GTX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GTX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is GTX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $15.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Garrett Motion Inc (GTX) stock is $15.00.
