Gentex Corp [NASDAQ: GNTX] traded at a high on Wednesday, posting a 4.66 gain after which it closed the day’ session at $21.80.
The results of the trading session contributed to over 7401125 shares changing hands. Over the past one week, the price volatility of Gentex Corp stands at 6.56% while the volatility over the past one month is 3.35%.
The market cap for GNTX stock reached $4.93 billion, with 227.21 million shares outstanding and 225.35 million shares in the current float. Compared to the average trading volume of 2.27M shares, GNTX reached a trading volume of 7401125 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gentex Corp [GNTX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNTX shares is $29.72 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 2.08. 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.
UBS have made an estimate for Gentex Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 04, 2024. The new note on the price target was released on July 30, 2024, representing the official price target for Gentex Corp stock. Previously, the target price had yet another raise from $26 to $33, while BofA Securities kept a Neutral rating on GNTX stock. On December 14, 2022, analysts increased their price target for GNTX shares from 24 to 26.
The Average True Range (ATR) for Gentex Corp is set at 0.86, with the Price to Sales ratio for GNTX stock in the period of the last 12 months amounting to 2.13. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 1.13. Price to Free Cash Flow for GNTX in the course of the last twelve months was 13.95 with Quick ratio for the last quarter at 2.38.
How has GNTX stock performed recently?
Gentex Corp [GNTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.31. With this latest performance, GNTX shares dropped by -12.03% in over the last four-week period, additionally sinking by -24.54% over the last 6 months – not to mention a drop of -39.28% 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 35.41, with the RSI for the last a single of trading hit 35.27, and the three-weeks RSI is set at 35.95 for Gentex Corp [GNTX]. The present Moving Average for the last 50 days of trading for this stock 24.36, while it was recorded at 21.70 for the last single week of trading, and 28.81 for the last 200 days.
Gentex Corp [GNTX]: Deeper insight into the fundamentals
Gentex Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.38 and a Current Ratio set at 4.11.
Earnings analysis for Gentex Corp [GNTX]
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 Corp go to 10.78%.
Insider trade positions for Gentex Corp [GNTX]
There are presently around $99.73%, or 99.99%% of GNTX stock, in the hands of institutional investors. The top three institutional holders of GNTX stocks are: VANGUARD GROUP INC with ownership of 22.04 million shares, which is approximately 9.6689%. BLACKROCK INC., holding 20.86 million shares of the stock with an approximate value of $$703.22 million in GNTX stocks shares; and BLACKROCK INC., currently with $$697.07 million in GNTX stock with ownership which is approximately 9.0723%.
