After finishing at $27.10 in the prior trading day, Gentex Corporation (NASDAQ: GNTX) closed at $26.60, down -1.85%. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1204448 shares were traded. GNTX stock price reached its highest trading level at $26.96 during the session, while it also had its lowest trading level at $26.52.
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Ratios:
Our goal is to gain a better understanding of GNTX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 3.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 19 when GOODE GARY F sold 4,416 shares for $28.27 per share. The transaction valued at 124,837 led to the insider holds 29,180 shares of the business.
Hollars James A sold 4,416 shares of GNTX for $124,837 on May 19. The Director now owns 36,149 shares after completing the transaction at $28.27 per share. On May 01, another insider, Schaum Richard O, who serves as the Director of the company, sold 5,424 shares for $27.89 each. As a result, the insider received 151,264 and left with 49,861 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GNTX now has a Market Capitalization of 6.46B and an Enterprise Value of 6.22B. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.93, and their Forward P/E ratio for the next fiscal year is 12.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.12 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 3.24 whereas that against EBITDA is 13.34.
Stock Price History:
Over the past 52 weeks, GNTX has reached a high of $31.48, while it has fallen to a 52-week low of $23.28. The 50-Day Moving Average of the stock is 27.35, while the 200-Day Moving Average is calculated to be 27.35.
Shares Statistics:
The stock has traded on average 1.12M shares per day over the past 3-months and 1.04M shares per day over the last 10 days, according to various share statistics. A total of 233.70M shares are outstanding, with a floating share count of 232.59M. Insiders hold about 0.10% of the company’s shares, while institutions hold 88.80% stake in the company. Shares short for GNTX as of May 14, 2023 were 2.79M with a Short Ratio of 2.82M, compared to 3.49M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.20% and a Short% of Float of 1.34%.
Dividends & Splits
In the trailing 12 months, GNTX’s forward annual dividend rate was 0.48, compared to 0.48 this year. Against a Trailing Annual Dividend Yield of 1.77%, it implies a Forward Annual Dividend Yield of 1.80%. The stock’s 5-year Average Dividend Yield is 1.70. The current Payout Ratio is 35.94% for GNTX, which recently paid a dividend on Apr 18, 2023 with an ex-dividend date of Apr 04, 2023. Stock splits for the company last occurred on Jan 01, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.4 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.37, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.42, with high estimates of $0.44 and low estimates of $0.39.
Analysts are recommending an EPS of between $1.75 and $1.62 for the fiscal current year, implying an average EPS of $1.68. EPS for the following year is $2.09, with 9 analysts recommending between $2.25 and $1.86.
Revenue Estimates
7 analysts predict $548.19M in revenue for the current quarter. It ranges from a high estimate of $564.04M to a low estimate of $528.3M. As of the current estimate, Gentex Corporation’s year-ago sales were $463.42M, an estimated increase of 18.30% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $554.01M, an increase of 12.20% less than the figure of $18.30% in the same quarter last year. There is a high estimate of $573.36M for the next quarter, whereas the lowest estimate is $537.81M.
A total of 8 analysts have provided revenue estimates for GNTX’s current fiscal year. The highest revenue estimate was $2.25B, while the lowest revenue estimate was $2.14B, resulting in an average revenue estimate of $2.2B. In the same quarter a year ago, actual revenue was $1.92B, up 14.70% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2.41B in the next fiscal year. The high estimate is $2.46B and the low estimate is $2.36B. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.
