Garrett Motion Inc [NASDAQ: GTX] traded at a low on Thursday, posting a -7.39 loss after which it closed the day’ session at $7.39.
The results of the trading session contributed to over 3112457 shares changing hands. Over the past one week, the price volatility of Garrett Motion Inc stands at 3.57% while the volatility over the past one month is 2.44%.
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The market cap for GTX stock reached $1.62 billion, with 238.25 million shares outstanding and 209.80 million shares in the current float. Compared to the average trading volume of 816.26K shares, GTX reached a trading volume of 3112457 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Garrett Motion Inc [GTX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GTX shares is $12.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GTX stock is a recommendation set at 1.50. 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.
BWS Financial have made an estimate for Garrett Motion Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 03, 2021.
The Average True Range (ATR) for Garrett Motion Inc is set at 0.23, with the Price to Sales ratio for GTX stock in the period of the last 12 months amounting to 0.44. Price to Free Cash Flow for GTX in the course of the last twelve months was 5.02 with Quick ratio for the last quarter at 0.72.
How has GTX stock performed recently?
Garrett Motion Inc [GTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.88. With this latest performance, GTX shares dropped by -7.63% in over the last four-week period, additionally sinking by -25.20% over the last 6 months – not to mention a rise of 4.53% 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 GTX stock in for the last two-week period is set at 27.98, with the RSI for the last a single of trading hit 20.06, and the three-weeks RSI is set at 33.31 for Garrett Motion Inc [GTX]. The present Moving Average for the last 50 days of trading for this stock 8.08, while it was recorded at 7.91 for the last single week of trading, and 8.85 for the last 200 days.
Garrett Motion Inc [GTX]: Deeper insight into the fundamentals
Garrett Motion Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.72 and a Current Ratio set at 0.94.
Earnings analysis for Garrett Motion Inc [GTX]
With the latest financial reports released by the company, Garrett Motion Inc posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 GTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Garrett Motion Inc go to 8.50%.
Insider trade positions for Garrett Motion Inc [GTX]
There are presently around $94.75%, or 95.31%% of GTX stock, in the hands of institutional investors. The top three institutional holders of GTX stocks are: OAKTREE CAPITAL MANAGEMENT LP with ownership of 44.08 million shares, which is approximately 18.6267%. CENTERBRIDGE PARTNERS, L.P., holding 38.07 million shares of the stock with an approximate value of $$326.98 million in GTX stocks shares; and CENTERBRIDGE PARTNERS, L.P., currently with $$234.86 million in GTX stock with ownership which is approximately 11.5527%.
