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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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
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.
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.
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.
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.
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.