Chart Industries Inc (GTLS) stock forecast: Can it reach its 52-week high of $184.65

Chart Industries Inc [GTLS] stock prices are up 2.42% to $126.59 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GTLS shares have gain 6.37% over the last week, with a monthly amount drifted -21.50%, and not seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

Previously, TD Cowen reaffirmed its Buy rating on May 06, 2024, and elevated its price target to $265. UBS upgraded its rating to a Buy and increased its price target to $170 on March 19, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $260 on February 29, 2024. Raymond James upgraded its rating to Strong Buy for this stock on January 04, 2024, but kept the price target unchanged to $190. In a note dated September 25, 2023, HSBC Securities initiated an Buy rating and provided a target price of $212 on this stock.

The stock price of Chart Industries Inc [GTLS] has been fluctuating between $106.88 and $184.65 over the past year. Currently, Wall Street analysts expect the stock to reach $200.14 within the next 12 months. Chart Industries Inc [NYSE: GTLS] shares were valued at $126.59 at the most recent close of the market. An investor can expect a potential return of 58.1% based on the average GTLS price forecast.

Analyzing the GTLS fundamentals

The Chart Industries Inc [NYSE:GTLS] reported sales of 3.90B for trailing twelve months, representing a surge of 14.56%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.46.

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 124.43 points at the first support level, and at 122.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.72, and for the 2nd resistance point, it is at 132.85.

Ratios To Look Out For

It’s worth pointing out that Chart Industries Inc [NYSE:GTLS]’s Current Ratio is 1.27. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 59.25.

Transactions by insiders

Recent insider trading involved Harty Linda S, Director, that happened on May 16 ’24 when 500.0 shares were purchased. President and CEO, Evanko Jillian C. completed a deal on May 10 ’24 to buy 490.0 shares. Meanwhile, Director Harty Linda S bought 1000.0 shares on Dec 15 ’23.

Related Posts