At the time of writing, Gentex Corp. [GNTX] stock is trading at $33.58, up 0.21%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GNTX shares have lost -3.03% over the last week, with a monthly amount drifted -7.37%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gentex Corp. [NASDAQ: GNTX] stock has seen the most recent analyst activity on July 06, 2023, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $33 from $26. Previously, Goldman upgraded its rating to Neutral on December 14, 2022, and elevated its price target to $26. On April 11, 2022, Exane BNP Paribas initiated with a Outperform rating. Seaport Global Securities upgraded its rating to a Buy but stick to its price target of $38 on July 26, 2021. Seaport Global Securities initiated its recommendation with a Neutral. In a note dated July 27, 2020, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $33.
For the past year, the stock price of Gentex Corp. fluctuated between $25.85 and $37.58. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Gentex Corp. [NASDAQ: GNTX] shares were valued at $33.58 at the most recent close of the market. An investor can expect a potential drop of -22.57% based on the average GNTX price forecast.
Analyzing the GNTX fundamentals
According to Gentex Corp. [NASDAQ:GNTX], the company’s sales were 2.30B for trailing twelve months, which represents an 19.34% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.19 and Total Capital is 0.2.
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 33.40 points at the first support level, and at 33.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.78, and for the 2nd resistance point, it is at 33.99.
Ratios To Look Out For
It is important to note that Gentex Corp. [NASDAQ:GNTX] has a current ratio of 3.67. Also, the Quick Ratio is 2.19, while the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 3.38, the price to book ratio is 3.36 and price to earnings (TTM) ratio is 18.36.
Transactions by insiders
Recent insider trading involved Nash Kevin C, Chief Financial Officer, that happened on Feb 20 ’24 when 13500.0 shares were sold. General Counsel, Ryan Scott P completed a deal on Feb 20 ’24 to sell 12500.0 shares. Meanwhile, Director GOODE GARY F sold 7000.0 shares on Feb 09 ’24.
