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In the latest session, Gentex Corp. (NASDAQ: GNTX) closed at $33.28 down -0.12% from its previous closing price of $33.32. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 1.41 million shares were traded. GNTX stock price reached its highest trading level at $33.57 during the session, while it also had its lowest trading level at $33.02.
Ratios:
For a deeper understanding of Gentex Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.60. For the most recent quarter (mrq), Quick Ratio is recorded 2.09 and its Current Ratio is at 3.52. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on July 06, 2023, Upgraded its rating to Neutral and sets its target price to $33 from $26 previously.
On December 14, 2022, Goldman Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $24 to $26.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 20 ’24 when ANDERSON JOSEPH B JR sold 4,716 shares for $34.46 per share. The transaction valued at 162,503 led to the insider holds 3,764 shares of the business.
GOODE GARY F sold 4,716 shares of GNTX for $162,503 on May 20 ’24. The Director now owns 24,464 shares after completing the transaction at $34.46 per share. On Feb 20 ’24, another insider, Nash Kevin C, who serves as the Chief Financial Officer of the company, sold 13,500 shares for $33.04 each. As a result, the insider received 446,087 and left with 44,321 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 7693803008 and an Enterprise Value of 7433970176. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.71, and their Forward P/E ratio for the next fiscal year is 13.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.29 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 3.179 whereas that against EBITDA is 12.286.
Stock Price History:
Over the past 52 weeks, GNTX has reached a high of $37.58, while it has fallen to a 52-week low of $27.86. The 50-Day Moving Average of the stock is -2.81%, while the 200-Day Moving Average is calculated to be -0.28%.
Shares Statistics:
For the past three months, GNTX has traded an average of 1.30M shares per day and 975150 over the past ten days. A total of 231.46M shares are outstanding, with a floating share count of 230.63M. Insiders hold about 0.24% of the company’s shares, while institutions hold 89.81% stake in the company. Shares short for GNTX as of 1719532800 were 4998174 with a Short Ratio of 3.84, compared to 1717113600 on 4525052. Therefore, it implies a Short% of Shares Outstanding of 4998174 and a Short% of Float of 2.17.
Dividends & Splits
According to the company, the forward annual dividend rate for GNTX is 0.48, from 0.48 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014405762The stock’s 5-year Average Dividend Yield is 1.59.
