Gentex Corp. (GNTX) stock price forecast predicts $31.6 value

Gentex Corp. [GNTX] stock prices are up 1.34% to $30.15 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GNTX shares have gain 4.61% over the last week, with a monthly amount drifted -0.95%, 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 September 04, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $34. Previously, Exane BNP Paribas downgraded its rating to Neutral on July 30, 2024, and kept the price target unchanged to $34. On July 06, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $33 on the stock. Goldman upgraded its rating to a Neutral and increased its price target to $26 on December 14, 2022. Exane BNP Paribas initiated its recommendation with a Outperform. Seaport Global Securities upgraded its rating to Buy for this stock on July 26, 2021, but kept the price target unchanged to $38. In a note dated January 28, 2021, Seaport Global Securities initiated an Neutral rating.

The stock price of Gentex Corp. [GNTX] has been fluctuating between $27.86 and $37.58 over the past year. Currently, Wall Street analysts expect the stock to reach $31.6 within the next 12 months. Gentex Corp. [NASDAQ: GNTX] shares were valued at $30.15 at the most recent close of the market. An investor can expect a potential return of 4.81% based on the average GNTX price forecast.

Analyzing the GNTX fundamentals

The Gentex Corp. [NASDAQ:GNTX] reported sales of 2.33B for trailing twelve months, representing a drop of -1.81%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.18 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.

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 29.73 points at the first support level, and at 29.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.38, and for the 2nd resistance point, it is at 30.61.

Ratios To Look Out For

It’s worth pointing out that Gentex Corp. [NASDAQ:GNTX]’s Current Ratio is 3.56. In addition, the Quick Ratio stands at 2.04 and the Cash Ratio stands at 0.85. Considering the valuation of this stock, the price to sales ratio is 2.98, the price to book ratio is 2.89 and price to earnings (TTM) ratio is 16.89.

Transactions by insiders

Recent insider trading involved GENTEX CORP, 10% Owner, that happened on Aug 23 ’24 when 3.15 million shares were purchased. Director, ANDERSON JOSEPH B JR completed a deal on May 20 ’24 to sell 4716.0 shares. Meanwhile, Director GOODE GARY F sold 4716.0 shares on May 20 ’24.

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