Analysis of Garrett Motion Inc. (GTX)’s performance, earnings and valuation

A share price of Garrett Motion Inc. [GTX] is currently trading at $7.97, up 0.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GTX shares have gain 5.15% over the last week, with a monthly amount glided 1.27%, and seem to be holding up well over a long-time horizon.

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On 27, July 2023, Garrett Motion Reports Strong Second Quarter 2023 Financial Results, Raises Full Year Outlook, and Planning Partial Debt Repayment. In a post published today on Yahoo Finance, Second Quarter 2023 Highlights.

From an analyst’s perspective:

Garrett Motion Inc. [NASDAQ: GTX] stock has seen the most recent analyst activity on June 03, 2021, when BWS Financial initiated its Buy rating and assigned the stock a price target of $15.

Garrett Motion Inc. experienced fluctuations in its stock price throughout the past year between $5.57 and $8.68. Currently, Wall Street analysts expect the stock to reach $15.00 within the next 12 months. Garrett Motion Inc. [NASDAQ: GTX] shares were valued at $7.97 at the most recent close of the market. An investor can expect a potential return of 88.21% based on the average GTX price forecast.

Analyzing the GTX fundamentals

During the last quarter, Garrett Motion Inc. [NASDAQ:GTX] saw sales of 1.01 billion, an improvement of 17.70%. A company’s income per employee is $22,151 while it generates $387,419 in revenue per employee. Gross Margin for this corporation currently stands at +23.31% with Operating Margin at +13.07%, Pretax Margin comes in at +13.77%, and Net Margin reading is +5.72%. An extended look at the Principal structure reveals enduring liabilities to the total capital of 110.70 and enduring liabilities to assets of 45.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.93 points at the first support level, and at 7.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.00, and for the 2nd resistance point, it is at 8.04.

Garrett Motion Inc. [GTX] reported earnings per share of -$1.88 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of -$2.11 and a surprise factor of -917.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.13 per share as compared to estimates of $0.2 per share, a difference of -$0.07 representing a surprise of -35.00%.

Ratios To Look Out For

A current ratio of 1.10 is a noteworthy aspect of Garrett Motion Inc. [NASDAQ:GTX]. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.14.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 1 selling 3,486,267 shares in the past 3 months. Recent insider trading involved CYRUS CAPITAL PARTNERS, L.P., 10% Owner, that happened on Aug 11 when 3.49 million shares were sold. 10% Owner, BAUPOST GROUP LLC/MA completed a deal on Jun 15 to sell 1.02 million shares. Meanwhile, 10% Owner BAUPOST GROUP LLC/MA sold 3.1 million shares on Jun 14.