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After finishing at $28.81 in the prior trading day, Gentex Corp. (NASDAQ: GNTX) closed at $29.19, up 1.32%. In other words, the price has increased by $1.32 from its previous closing price. On the day, 1.46 million shares were traded. GNTX stock price reached its highest trading level at $29.48 during the session, while it also had its lowest trading level at $28.82.
Ratios:
Our goal is to gain a better understanding of GNTX 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 24.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.90. For the most recent quarter (mrq), Quick Ratio is recorded 2.04 and its Current Ratio is at 3.56. 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 this company, UBS on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $34.
On July 30, 2024, Exane BNP Paribas Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $34.
BofA Securities Upgraded its Underperform to Neutral on July 06, 2023, whereas the target price for the stock was revised from $26 to $33.
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 Aug 23 ’24 when GENTEX CORP bought 3,152,500 shares for $5.00 per share. The transaction valued at 15,762,500 led to the insider holds 6,463,808 shares of the business.
ANDERSON JOSEPH B JR sold 4,716 shares of GNTX for $162,503 on May 20 ’24. The Director now owns 3,764 shares after completing the transaction at $34.46 per share. On May 20 ’24, another insider, GOODE GARY F, who serves as the Director of the company, sold 4,716 shares for $34.46 each. As a result, the insider received 162,503 and left with 24,464 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 6720034304 and an Enterprise Value of 6449800192. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.35, and their Forward P/E ratio for the next fiscal year is 12.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 2.77 whereas that against EBITDA is 10.898.
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 -6.51%, while the 200-Day Moving Average is calculated to be -12.49%.
Shares Statistics:
The stock has traded on average 1.47M shares per day over the past 3-months and 1265630 shares per day over the last 10 days, according to various share statistics. A total of 231.46M shares are outstanding, with a floating share count of 229.66M. Insiders hold about 0.24% of the company’s shares, while institutions hold 93.07% stake in the company. Shares short for GNTX as of 1724976000 were 4731894 with a Short Ratio of 3.23, compared to 1722384000 on 5948045. Therefore, it implies a Short% of Shares Outstanding of 4731894 and a Short% of Float of 2.0599999.
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 0.016660882The stock’s 5-year Average Dividend Yield is 1.58.
