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After finishing at $21.87 in the prior trading day, Gates Industrial Corporation plc (NYSE: GTES) closed at $21.59, down -1.28%. In other words, the price has decreased by -$1.28 from its previous closing price. On the day, 1.82 million shares were traded. GTES stock price reached its highest trading level at $21.89 during the session, while it also had its lowest trading level at $21.52.
Ratios:
Our goal is to gain a better understanding of GTES 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 8.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.21. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 3.33. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.79.
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:
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 Mar 07 ’25 when Eliasson Fredrik J bought 60,000 shares for $19.56 per share. The transaction valued at 1,173,600 led to the insider holds 188,452 shares of the business.
BX Gates ML-5 Holdco LLC bought 14,865 shares of GTES for $317,962 on Nov 25 ’24. On Nov 25 ’24, another insider, BX Gates ML-4 Holdco LLC, who serves as the insider of the company, bought 64,602 shares for $21.39 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTES now has a Market Capitalization of 5565276160 and an Enterprise Value of 7703851520. As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.14, and their Forward P/E ratio for the next fiscal year is 12.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 1.79. Its current Enterprise Value per Revenue stands at 2.27 whereas that against EBITDA is 10.691.
Stock Price History:
The Beta on a monthly basis for GTES is 1.23, which has changed by 0.22322941 over the last 52 weeks, in comparison to a change of 0.11936104 over the same period for the S&P500. Over the past 52 weeks, GTES has reached a high of $23.85, while it has fallen to a 52-week low of $14.70. The 50-Day Moving Average of the stock is 13.62%, while the 200-Day Moving Average is calculated to be 10.91%.
Shares Statistics:
The stock has traded on average 2.82M shares per day over the past 3-months and 2116380 shares per day over the last 10 days, according to various share statistics. A total of 257.46M shares are outstanding, with a floating share count of 253.22M. Insiders hold about 1.76% of the company’s shares, while institutions hold 102.96% stake in the company. Shares short for GTES as of 1745971200 were 6325609 with a Short Ratio of 2.24, compared to 1743379200 on 7852531. Therefore, it implies a Short% of Shares Outstanding of 6325609 and a Short% of Float of 2.78.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
