Are we looking at the next big move in Gentex Corp. (GNTX)?

Gentex Corp. (NASDAQ: GNTX) is 19.84% higher on its value in year-to-date trading and has touched a low of $25.77 and a high of $34.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GNTX stock was last observed hovering at around $32.41 in the last trading session, with the day’s gains setting it 0.27% off its average median price target of $37.00 for the next 12 months. It is also 18.3% off the consensus price target high of $40.00 offered by 10 analysts, but current levels are -5.42% lower than the price target low of $31.00 for the same period.

Currently trading at $32.68, the stock is 4.73% and 6.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 0.83% at the moment leaves the stock 9.50% off its SMA200. GNTX registered 19.49% gain for a year compared to 6-month gain of 17.47%. The firm has a 50-day simple moving average (SMA 50) of $3.33 and a 200-day simple moving average (SMA200) of $13.32.

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The stock witnessed a 5.22% loss in the last 1 month and extending the period to 3 months gives it a 1.15%, and is 3.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.60% over the week and 1.58% over the month.

Gentex Corp. (GNTX) has around 5466 employees, a market worth around $7.62B and $2.20B in sales. Current P/E ratio is 19.30 and Fwd P/E is 15.10. Profit margin for the company is 17.77%. Distance from 52-week low is 26.81% and -4.81% from its 52-week high. The company has generated returns on investments over the last 12 months (17.25%).

Gentex Corp. (GNTX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Gentex Corp. (GNTX) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 3 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Gentex Corp. is expected to release its quarterly report on 01/26/2024.The EPS is expected to grow by 30.51% this year.

Gentex Corp. (GNTX) Top Institutional Holders

The shares outstanding are 234.17M, and float is at 232.75M with Short Float at 1.47%.

Gentex Corp. (GNTX) Insider Activity

A total of 5 insider transactions have happened at Gentex Corp. (GNTX) in the last six months, with sales accounting for 4 and purchases happening 1 times. The most recent transaction is an insider sale by ANDERSON JOSEPH B JR,the company’sDirector. SEC filings show that ANDERSON JOSEPH B JR sold 4,416 shares of the company’s common stock on Jul 31 at a price of $33.52 per share for a total of $0.15 million. Following the sale, the insider now owns 4716.0 shares.

Gentex Corp. disclosed in a document filed with the SEC on Jul 31 that Starkoff Kathleen (Director) sold a total of 4,430 shares of the company’s common stock. The trade occurred on Jul 31 and was made at $33.20 per share for $0.15 million. Following the transaction, the insider now directly holds 21441.0 shares of the GNTX stock.

Still, SEC filings show that on May 19, GOODE GARY F (Director) disposed off 4,416 shares at an average price of $28.27 for $0.12 million. The insider now directly holds 29,180 shares of Gentex Corp. (GNTX).