Gentex Corp. (NASDAQ:GNTX) traded with an addition of $0.41 to close at $32.60on Friday, an upside of 1.29 percent. An average of 1,075,411 shares of common stock have been traded in the last five days. There was a gain of $0.56 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,238,153 shares traded, while the 50-day average volume stands at 1,363,895.
GNTX stock has increased by 0.26% in the last month. The company shares reached their 1-month lowest point of $31.51 on 09/27/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $23.28 and a high of $34.33 in 52 weeks. It has reached a new high 22 times so far this year and achieved 19.56% or $5.25 in price. In spite of this, the price is down -5.02% from the 52-week high.
Insider Transactions
GNTX stock investors should be aware that Gentex Corp. (GNTX) stock had its last reported insider trading activity 60 days ago on Jul 31. In this transaction, the insider spent $148,043. Director, Starkoff Kathleen, disposed of 4,430 shares at a price of $33.20 on Jul 31. The insider now owns more than $147,094 worth of shares. Prior to that, Director GOODE GARY F went on to Sale 4,416 shares at $28.27 each on May 19. An amount of $124,837 was transacted.
Valuation Metrics
Gentex Corp. (GNTX) has a trailing price-to-earnings (P/E) ratio of 20.97, which compares with the N/A for the broader industry. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.59, the price-to-book (PB) ratio at 3.47, and the price-to-cash flow ratio at 35.90.
The company has a payout ratio of 35.36%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Tuesday March 10 2020.
Financial Health
The quick ratio of Gentex Corp. for the three months ended June 29 was 2.30, and the current ratio was 3.71, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $609.81 million compared to revenue of $1.92 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gentex Corp.’s return on assets was 15.09%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $109.16 million in the quarter, while revenues of $97.58 million were grew 33.68%. The analyst consensus anticipated Gentex Corp.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.47, a 14.60% surprise. For the quarter, EBITDA amounted to $152.09 million. Shareholders own equity worth $233.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Gentex Corp. (GNTX) price momentum. RSI 9-day as of the close on 28 September was 58.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.03%.
As of today, GNTX’s price is $32.13 +1.75% or $0.56 from its 5-day moving average. GNTX is currently trading -0.43% lower than its 20-day SMA and +13.43% higher than its 100-day SMA. However, the stock’s current price level is +2.72% above the SMA50 and +18.30% above the SMA200.
The stochastic %K and %D were 49.02% and 35.62%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 74.26% and the average true range at 0.56, the RSI (14) stands at 55.17%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.06.
Analyst Ratings
BofA Securities upgraded Gentex Corp. (NASDAQ: GNTX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Gentex Corp. (GNTX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GNTX, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is GNTX’s price target for the next 12 months?
Analysts predict a range of price targets between $31.00 and $40.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Gentex Corp. (GNTX) stock is $36.38.
