In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Gates Industrial Corporation plc’s stock clocked out at $19.95, down -1.92% from its previous closing price of $20.34. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 2.5 million shares were traded.
Ratios:
To gain a deeper understanding of GTES’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.19. For the most recent quarter (mrq), Quick Ratio is recorded 2.26 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.81.
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, Barclays on December 05, 2024, Upgraded its rating to Overweight and sets its target price to $25 from $21 previously.
On September 06, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $19.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on August 19, 2024, whereas the target price for the stock was revised from $20 to $22.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 25 ’24 when BX Gates ML-5 Holdco LLC bought 14,865 shares for $21.39 per share.
BX Gates ML-4 Holdco LLC bought 64,602 shares of GTES for $1,381,837 on Nov 25 ’24. On Nov 25 ’24, another insider, BX Gates ML-3 Holdco LLC, who serves as the insider of the company, bought 1,030 shares for $21.39 each.
Valuation Measures:
As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.04, and their Forward P/E ratio for the next fiscal year is 11.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 1.68.
Stock Price History:
Over the past 52 weeks, GTES has reached a high of $23.85, while it has fallen to a 52-week low of $14.77. The 50-Day Moving Average of the stock is -5.20%, while the 200-Day Moving Average is calculated to be 5.76%.
Shares Statistics:
A total of 255.20M shares are outstanding, with a floating share count of 252.56M. Insiders hold about 1.12% of the company’s shares, while institutions hold 107.82% stake in the company.
