For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Gentex Corp (NASDAQ: GNTX) closed at $28.00 down -0.14% from its previous closing price of $28.04. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 1.86 million shares were traded. GNTX stock price reached its highest trading level at $28.419 during the session, while it also had its lowest trading level at $27.89.
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 31.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.25. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 3.69. 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:
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 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 6368096256 and an Enterprise Value of 6173348352. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.96, and their Forward P/E ratio for the next fiscal year is 13.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 2.615 whereas that against EBITDA is 10.359.
Stock Price History:
The Beta on a monthly basis for GNTX is 0.91, which has changed by -0.11740637 over the last 52 weeks, in comparison to a change of 0.24933672 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 $27.83. The 50-Day Moving Average of the stock is -6.74%, while the 200-Day Moving Average is calculated to be -12.22%.
Shares Statistics:
For the past three months, GNTX has traded an average of 1.39M shares per day and 1457260 over the past ten days. A total of 227.44M shares are outstanding, with a floating share count of 226.92M. Insiders hold about 0.23% of the company’s shares, while institutions hold 94.80% stake in the company. Shares short for GNTX as of 1734048000 were 6213489 with a Short Ratio of 4.48, compared to 1731628800 on 5942574. Therefore, it implies a Short% of Shares Outstanding of 6213489 and a Short% of Float of 2.74.
Dividends & Splits
According to the company, the forward annual dividend rate for GNTX is 0.36, from 0.48 in the trailing year. Against a Trailing Annual Dividend Yield of 0.017118402The stock’s 5-year Average Dividend Yield is 1.59. The current Payout Ratio is 26.13% for GNTX, which recently paid a dividend on 2024-10-09 with an ex-dividend date of 1736294400. Stock splits for the company last occurred on 2015-01-02 when the company split stock in a 2:1 ratio.
