Gentex Corp. (NASDAQ:GNTX) saw an upside of 0.50% to close Friday at $31.96 after adding $0.16 on the day. The 5-day average trading volume is 972,640 shares of the company’s common stock. It has gained $32.87 in the past week and touched a new high 3 times within the past 5 days. An average of 1,240,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,355,418.
GNTX’s 1-month performance is -0.90% or $0.16 on its low of $31.50 reached on 08/25/23. The company’s shares have touched a 52-week low of $23.28 and high of $34.33, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, GNTX has achieved 17.20% or $4.69 and has reached a new high 22 times. However, the current price is down -6.90% from the 52-week high price.
Insider Transactions
GNTX stock investors last saw insider trading activity on Jul 31.ANDERSON JOSEPH B JR (Director) most recently sold 4,416 shares at $33.52 per share on Jul 31. This transaction cost the insider $148,043. Director, Starkoff Kathleen, sold 4,430 shares at a price of $33.20 on Jul 31. Then, on May 19, Director GOODE GARY F sold 4,416 shares at a price of $28.27 per share. This transaction amounted to $124,837.
Valuation Metrics
GNTX stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.52 while the price-to-book (PB) in the most recent quarter is 3.40, with the price to cash flow ratio at 35.19.
Gentex Corp.’s quick ratio for the period ended June 29 was 2.30, with the current ratio over the same period at 3.71. In terms of profitability, the gross margin trailing 12 months is 31.53%. The trailing 12-month EBITDA margin is 24.31% while for the period ending June 29, Gentex Corp.’s operating margin was 19.87%. The firm’s gross profit as reported stood at $609.81 million against revenue of $1.92 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 grew 33.68% to $109.16 million, while revenue of $97.58 million was 10.61% off the previous quarter. Analysts expected GNTX to announce $0.41 per share in earnings in its latest quarter, but it posted $0.47, representing a 14.60% surprise. EBITDA for the quarter stood at more than $152.09 million. GNTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 291.16 million, with total debt at $3.69 million. Shareholders hold equity totaling $233.44 million.
Let’s look briefly at Gentex Corp. (GNTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 44.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.71%.
The stock’s 5-day moving average is $32.08, reflecting a -0.25% or -$0.08 change from its current price. GNTX is currently trading +0.60% above its 20-day SMA, +14.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.33% and SMA200 by+14.18%.
Stochastic %K and %D was 24.53% and 30.11% and the average true range (ATR) pointed at 0.53. The RSI (14) points at 46.71%, while the 14-day stochastic is at 25.71% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.14 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gentex Corp. (NASDAQ: GNTX), BofA Securities upgraded it to a Neutral rating. They previously had an Underperform rating on the stock.
