Gentex Corporation [GNTX] is 12.28% higher this YTD. Is it still time to buy?

Gentex Corporation [NASDAQ: GNTX] plunged by -$0.69 during the normal trading session on Wednesday and reaching a high of $33.40 during the day while it closed the day at $32.54. The company report on October 28, 2020 that Gentex Pledges $300,000 to Support Kids’ Food Basket.

Gentex Corporation (NASDAQ: GNTX) announced today that it will donate $60,000 annually for the next five years to support the financial needs of Kids’ Food Basket, a nonprofit that develops community-based solutions to combat childhood hunger throughout West Michigan.

“We’re so thankful to Gentex for its generous donation because it allows us to nourish more children in Ottawa and Allegan counties with good, nutritious food, especially during this critical time,” said Kids’ Food Basket President and Founding CEO Bridget Clark Whitney. “Gentex engineers even helped us streamline meal preparation by building custom tables for our new production space.”.

Gentex Corporation stock has also gained 4.06% of its value over the past 7 days. However, GNTX stock has inclined by 20.52% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.62% and gained 12.28% year-on date.

The market cap for GNTX stock reached $7.88 billion, with 245.06 million shares outstanding and 244.45 million shares in the current float. Compared to the average trading volume of 1.75M shares, GNTX reached a trading volume of 2100467 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $32.09 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 2.20. 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 October 20, 2020. The new note on the price target was released on July 27, 2020, representing the official price target for Gentex Corporation stock. Previously, the target price had yet another raise to $32, while B. Riley FBR analysts kept a Buy rating on GNTX stock. On June 01, 2020, analysts increased their price target for GNTX shares from 27 to 32.

The Average True Range (ATR) for Gentex Corporation is set at 0.79, with the Price to Sales ratio for GNTX stock in the period of the last 12 months amounting to 4.92. The Price to Book ratio for the last quarter was 4.15, with the Price to Cash per share for the same quarter was set at 1.87. Price to Free Cash Flow for GNTX in the course of the last twelve months was 22.02 with Quick ratio for the last quarter at 3.10.

GNTX stock trade performance evaluation

Gentex Corporation [GNTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.06. With this latest performance, GNTX shares gained by 17.81% in over the last four-week period, additionally plugging by 28.62% over the last 6 months – not to mention a rise of 13.54% 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 74.96, with the RSI for the last a single of trading hit 74.15, and the three-weeks RSI is set at 71.18 for Gentex Corporation [GNTX]. The present Moving Average for the last 50 days of trading for this stock 27.95, while it was recorded at 32.36 for the last single week of trading, and 26.41 for the last 200 days.

Gentex Corporation [GNTX]: An insightful look at the core 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 3.10 and a Current Ratio set at 4.10.

Earnings per share (EPS) analysis for Gentex Corporation [GNTX] stock

With the latest financial reports released by the company, Gentex Corporation posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.40%. 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 Ownership positions

There are presently around $6,602 million, or 86.40% of GNTX stock, in the hands of institutional investors. The top three institutional holders of GNTX stocks are: VANGUARD GROUP INC with ownership of 22,371,403, which is approximately -7.137% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 21,723,201 shares of the stock with an approximate value of $706.87 million in GNTX stocks shares; and STATE STREET CORP, currently with $196.6 million in GNTX stock with ownership of nearly -2.902% of the company’s market capitalization.

Positions in Gentex Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 198 institutional holders increased their position in Gentex Corporation [NASDAQ:GNTX] by around 13,941,502 shares. Additionally, 242 investors decreased positions by around 15,805,711 shares, while 76 investors held positions by with 173,131,223 shares. The mentioned changes placed institutional holdings at 202,878,436 shares, according to the latest SEC report filing. GNTX stock had 43 new institutional investments in for a total of 2,509,179 shares, while 53 institutional investors sold positions of 1,204,643 shares during the same period.

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