Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $16.46 in the prior trading day, Gates Industrial Corporation plc (NYSE: GTES) closed at $16.18, down -1.70%. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 2.81 million shares were traded. GTES stock price reached its highest trading level at $16.72 during the session, while it also had its lowest trading level at $16.1.
Ratios:
Our goal is to gain a better understanding of GTES by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.35. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 3.06. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.76.
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 4229128448 and an Enterprise Value of 6460132864. As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.75, and their Forward P/E ratio for the next fiscal year is 9.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 1.33. Its current Enterprise Value per Revenue stands at 1.827 whereas that against EBITDA is 9.069.
Stock Price History:
Over the past 52 weeks, GTES has reached a high of $17.99, while it has fallen to a 52-week low of $10.68. The 50-Day Moving Average of the stock is -3.58%, while the 200-Day Moving Average is calculated to be 20.69%.
Shares Statistics:
The stock has traded on average 3.19M shares per day over the past 3-months and 2611620 shares per day over the last 10 days, according to various share statistics. A total of 264.26M shares are outstanding, with a floating share count of 187.50M. Insiders hold about 28.27% of the company’s shares, while institutions hold 65.85% stake in the company. Shares short for GTES as of 1713139200 were 8396393 with a Short Ratio of 2.63, compared to 1710460800 on 7251646. Therefore, it implies a Short% of Shares Outstanding of 8396393 and a Short% of Float of 10.27.
