Saturday, January 16, 2021

Gentex Corporation [GNTX] Is Currently 0.56 below its 200 Period Moving Avg: What Dose This Mean?

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Gentex Corporation [NASDAQ: GNTX] stock went on an upward path that rose over 0.56% on Wednesday, amounting to a one-week price increase of more than 1.38%. Over the last 12 months, GNTX stock rose by 16.74%. The one-year Gentex Corporation stock forecast points to a potential downside of -14.39. The average equity rating for GNTX stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.85 billion, with 246.31 million shares outstanding and 243.80 million shares in the current float. Compared to the average trading volume of 2.27M shares, GNTX stock reached a trading volume of 3125446 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Guru’s Opinion on Gentex Corporation [GNTX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNTX shares is $24.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNTX stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Gentex Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 01, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on April 15, 2020, representing the official price target for Gentex Corporation stock. Previously, the target price had yet another raise from $27 to $37, while Jefferies kept a Buy rating on GNTX stock.

The Average True Range (ATR) for Gentex Corporation is set at 0.70, with the Price to Sales ratio for GNTX stock in the period of the last 12 months amounting to 3.72. The Price to Book ratio for the last quarter was 3.74, with the Price to Cash per share for the same quarter was set at 1.66.

GNTX Stock Performance Analysis:

Gentex Corporation [GNTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.38. With this latest performance, GNTX shares gained by 8.50% in over the last four-week period, additionally sinking by -0.96% over the last 6 months – not to mention a rise of 16.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GNTX stock in for the last two-week period is set at 69.36, with the RSI for the last a single of trading hit 72.77, and the three-weeks RSI is set at 62.92 for Gentex Corporation [GNTX]. The present Moving Average for the last 50 days of trading for this stock 24.64, while it was recorded at 27.60 for the last single week of trading, and 27.08 for the last 200 days.

Insight into Gentex Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Gentex Corporation [GNTX] shares currently have an operating margin of +26.28 and a Gross Margin at +37.03. Gentex Corporation’s Net Margin is presently recorded at +22.58.

Return on Total Capital for GNTX is now 25.71, given the latest momentum, and Return on Invested Capital for the company is 22.09. Return on Equity for this stock inclined to 22.09, with Return on Assets sitting at 19.59.

Reflecting on the efficiency of the workforce at the company, Gentex Corporation [GNTX] managed to generate an average of $71,443 per employee. Receivables Turnover for the company is 8.28 with a Total Asset Turnover recorded at a value of 0.87.Gentex Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 3.50.

GNTX Stock EPS

With the latest financial reports released by the company, Gentex Corporation posted 0.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GNTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gentex Corporation go to 15.00%.

Gentex Corporation [GNTX] Insider Position Details

There are presently around $5,762 million, or 85.80% of GNTX stock, in the hands of institutional investors. The top three institutional holders of GNTX stocks are: VANGUARD GROUP INC with ownership of 25,430,472, which is approximately 2% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 23,414,481 shares of the stock with an approximate value of $648.0 million in GNTX stocks shares; and STATE STREET CORP, currently with $179.85 million in GNTX stock with ownership of nearly 1.042% of the company’s market capitalization.

201 institutional holders increased their position in Gentex Corporation [NASDAQ:GNTX] by around 14,258,301 shares. Additionally, 276 investors decreased positions by around 20,296,654 shares, while 74 investors held positions by with 173,656,322 shares. The mentioned changes placed institutional holdings at 208,211,277 shares, according to the latest SEC report filing. GNTX stock had 53 new institutional investments in for a total of 2,156,164 shares, while 79 institutional investors sold positions of 3,645,467 shares during the same period.

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