Gates Industrial Corporation plc (NYSE: GTES) closed the day trading at $17.09 up 3.76% from the previous closing price of $16.47. In other words, the price has increased by $+0.62 from its previous closing price. On the day, 3159578 shares were traded.
Ratios:
For a better understanding of GTES, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.76. For the most recent quarter (mrq), Quick Ratio is recorded 2.25 and its Current Ratio is at 3.08. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.78.
On February 29, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $21.
KeyBanc Capital Markets Upgraded its Sector Weight to Overweight on February 22, 2024, while the target price for the stock was maintained at $18.
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 Feb 28 ’24 when Neely Wilson S bought 50,000 shares for $14.55 per share. The transaction valued at 727,500 led to the insider holds 106,664 shares of the business.
Neely Wilson S bought 10,000 shares of GTES for $132,400 on Feb 20 ’24. The Director now owns 56,664 shares after completing the transaction at $13.24 per share. On Feb 16 ’24, another insider, SIMPKINS NEIL P, who serves as the Director of the company, bought 1,000,000 shares for $12.20 each. As a result, the insider paid 12,200,000 and bolstered with 1,000,000 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, GTES now has a Market Capitalization of 4.45B and an Enterprise Value of 6.29B. As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.00, and their Forward P/E ratio for the next fiscal year is 10.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 1.76 whereas that against EBITDA is 9.57.
Stock Price History:
Over the past 52 weeks, GTES has reached a high of $16.89, while it has fallen to a 52-week low of $10.68. The 50-Day Moving Average of the stock is 13.73, while the 200-Day Moving Average is calculated to be 12.60.
Shares Statistics:
Over the past 3-months, GTES traded about 2.49M shares per day on average, while over the past 10 days, GTES traded about 3.08M shares per day. A total of 264.26M shares are outstanding, with a floating share count of 189.57M. Insiders hold about 28.27% of the company’s shares, while institutions hold 63.69% stake in the company. Shares short for GTES as of Feb 29, 2024 were 4.12M with a Short Ratio of 1.66, compared to 4.31M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.59% and a Short% of Float of 5.11%.
