Closing Bell Recap: Gentex Corp. (GNTX) Ends at 33.70, Reflecting a -1.14 Downturn

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Gentex Corp. (NASDAQ: GNTX) closed the day trading at $33.70 down -1.14% from the previous closing price of $34.09. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 2.01 million shares were traded. GNTX stock price reached its highest trading level at $34.1 during the session, while it also had its lowest trading level at $33.62.

Ratios:

For a better understanding of GNTX, 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 29.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.86. 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:

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 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 7885766656 and an Enterprise Value of 7531067392. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.93, and their Forward P/E ratio for the next fiscal year is 13.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.33 while its Price-to-Book (P/B) ratio in mrq is 3.28. Its current Enterprise Value per Revenue stands at 3.22 whereas that against EBITDA is 12.447.

Stock Price History:

The Beta on a monthly basis for GNTX is 0.92, which has changed by 0.22367465 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, GNTX has reached a high of $37.58, while it has fallen to a 52-week low of $27.04. The 50-Day Moving Average of the stock is -2.20%, while the 200-Day Moving Average is calculated to be 1.52%.

Shares Statistics:

Over the past 3-months, GNTX traded about 1.30M shares per day on average, while over the past 10 days, GNTX traded about 1645140 shares per day. 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 89.95% stake in the company. Shares short for GNTX as of 1715731200 were 5760663 with a Short Ratio of 3.48, compared to 1713139200 on 3937907. Therefore, it implies a Short% of Shares Outstanding of 5760663 and a Short% of Float of 2.5.

Dividends & Splits

GNTX’s forward annual dividend rate is 0.48, up from 0.48 a year ago. Against a Trailing Annual Dividend Yield of 0.014080375The stock’s 5-year Average Dividend Yield is 1.6. The current Payout Ratio is 26.13% for GNTX, which recently paid a dividend on 2024-04-04 with an ex-dividend date of 1720137600. Stock splits for the company last occurred on 2015-01-02 when the company split stock in a 2:1 ratio.

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