Generac Holdings Inc. [GNRC] Stock trading around $96.24 per share: What’s Next?

Generac Holdings Inc. [NYSE: GNRC] stock went on an upward path that rose over 5.58% on Wednesday, amounting to a one-week price increase of more than 5.84%. The company report on December 23, 2022 that Generac Power System’s Live Power Outage Tracking Tool Helps Monitor the Impact of Winter Storms and Severe Cold Moving Across the Country.

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Generac Power Systems (NYSE: GNRC), a leading designer and provider of quality power solutions, is pleased to provide newsrooms and the general public free and unlimited access its Power Outage Central tool – a comprehensive resource, offering real-time utility power outage data. Aggregated outage data is compiled into an interactive map of the United States and is color-coded to reflect the severity and number of affected customers at the state level at any given moment.

Able to visualize the data and status of power outages across the country, the resource taps into electrical utilities’ live outage reporting, making it a definitive source for power outage reporting. Notable benefits include:.

Over the last 12 months, GNRC stock dropped by -72.36%. The one-year Generac Holdings Inc. stock forecast points to a potential upside of 35.24. The average equity rating for GNRC stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $5.94 billion, with 63.25 million shares outstanding and 61.63 million shares in the current float. Compared to the average trading volume of 2.29M shares, GNRC stock reached a trading volume of 3367461 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Generac Holdings Inc. [GNRC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNRC shares is $148.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNRC 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.

Janney have made an estimate for Generac Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 28, 2022. While these analysts kept the previous recommendation, Guggenheim dropped their target price from $180 to $120. The new note on the price target was released on December 21, 2022, representing the official price target for Generac Holdings Inc. stock. Previously, the target price had yet another drop from $122 to $119, while Robert W. Baird kept a Neutral rating on GNRC stock. On December 13, 2022, analysts decreased their price target for GNRC shares from 150 to 98.

The Average True Range (ATR) for Generac Holdings Inc. is set at 4.73, with the Price to Sales ratio for GNRC stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 2.63, with the Price to Cash per share for the same quarter was set at 3.73.

GNRC Stock Performance Analysis:

Generac Holdings Inc. [GNRC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.84. With this latest performance, GNRC shares dropped by -5.70% in over the last four-week period, additionally sinking by -55.16% over the last 6 months – not to mention a drop of -72.36% 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 GNRC stock in for the last two-week period is set at 46.84, with the RSI for the last a single of trading hit 52.82, and the three-weeks RSI is set at 42.84 for Generac Holdings Inc. [GNRC]. The present Moving Average for the last 50 days of trading for this stock 103.60, while it was recorded at 92.29 for the last single week of trading, and 204.48 for the last 200 days.

Insight into Generac Holdings Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Generac Holdings Inc. [GNRC] shares currently have an operating margin of +19.69 and a Gross Margin at +35.04. Generac Holdings Inc.’s Net Margin is presently recorded at +14.27.

Return on Equity for this stock inclined to 29.60, with Return on Assets sitting at 13.15.

Generac Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 2.10.

GNRC Stock EPS

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 GNRC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Generac Holdings Inc. go to 0.42%.

Generac Holdings Inc. [GNRC] Insider Position Details

There are presently around $5,490 million, or 94.00% of GNRC stock, in the hands of institutional investors. The top three institutional holders of GNRC stocks are: VANGUARD GROUP INC with ownership of 6,950,406, which is approximately 1.184% of the company’s market cap and around 1.20% of the total institutional ownership; BLACKROCK INC., holding 4,452,022 shares of the stock with an approximate value of $428.46 million in GNRC stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $318.91 million in GNRC stock with ownership of nearly -2.36% of the company’s market capitalization.

Positions in Generac Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 421 institutional holders increased their position in Generac Holdings Inc. [NYSE:GNRC] by around 5,558,239 shares. Additionally, 372 investors decreased positions by around 7,038,891 shares, while 95 investors held positions by with 44,446,341 shares. The mentioned changes placed institutional holdings at 57,043,471 shares, according to the latest SEC report filing. GNRC stock had 110 new institutional investments in for a total of 924,872 shares, while 113 institutional investors sold positions of 896,465 shares during the same period.

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