Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Gentex Corp (NASDAQ: GNTX) closed the day trading at $24.14 down -0.70% from the previous closing price of $24.31. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 1.99 million shares were traded. GNTX stock price reached its highest trading level at $24.425 during the session, while it also had its lowest trading level at $24.0402.
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 21.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.51. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 4.11. 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 5484511232 and an Enterprise Value of 5237713408. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.76, and their Forward P/E ratio for the next fiscal year is 11.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 2.22. Its current Enterprise Value per Revenue stands at 2.264 whereas that against EBITDA is 9.298.
Stock Price History:
The Beta on a monthly basis for GNTX is 0.82, which has changed by -0.33406895 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, GNTX has reached a high of $36.74, while it has fallen to a 52-week low of $23.63. The 50-Day Moving Average of the stock is -6.73%, while the 200-Day Moving Average is calculated to be -18.85%.
Shares Statistics:
Over the past 3-months, GNTX traded about 1.93M shares per day on average, while over the past 10 days, GNTX traded about 2434770 shares per day. A total of 227.21M shares are outstanding, with a floating share count of 226.28M. Insiders hold about 0.40% of the company’s shares, while institutions hold 96.55% stake in the company. Shares short for GNTX as of 1740700800 were 5426265 with a Short Ratio of 2.81, compared to 1738281600 on 5809422. Therefore, it implies a Short% of Shares Outstanding of 5426265 and a Short% of Float of 2.39.
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 0.01974496The stock’s 5-year Average Dividend Yield is 1.59. The current Payout Ratio is 27.20% for GNTX, which recently paid a dividend on 2025-01-08 with an ex-dividend date of 1744156800. Stock splits for the company last occurred on 2015-01-02 when the company split stock in a 2:1 ratio.
