Garrett Motion Inc (NASDAQ: GTX) is -2.38% lower on its value in year-to-date trading and has touched a low of $6.43 and a high of $9.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GTX stock was last observed hovering at around $9.43 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $9.44, the stock is 5.84% and 5.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.11% at the moment leaves the stock 18.18% off its SMA200. GTX registered 21.81% gain for a year compared to 6-month gain of 19.19%. The firm has a 50-day simple moving average (SMA 50) of $0.95 and a 200-day simple moving average (SMA200) of $6.14.
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The stock witnessed a 6.79% loss in the last 1 month and extending the period to 3 months gives it a 24.54%, and is 0.53% 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 3.77% over the week and 3.78% over the month.
Garrett Motion Inc (GTX) has around 9700 employees, a market worth around $2.25B and $3.89B in sales. Fwd P/E is 6.29. Profit margin for the company is -2.14%. Distance from 52-week low is 46.81% and -3.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.82%).
Garrett Motion Inc quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $962.5M over the same period.The EPS is expected to grow by 716.48% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
334 institutions hold shares in Garrett Motion Inc (GTX), with institutional investors hold 92.02% of the company’s shares. The shares outstanding are 238.25M, and float is at 229.52M with Short Float at 1.92%. Institutions hold 91.72% of the Float.
The top institutional shareholder in the company is Oaktree Capital Management Lp with over 44.08 million shares valued at $333.71 million. The investor’s holdings represent 17.03% of the GTX Shares outstanding. As of Jun 29, 2023, the second largest holder is Centerbridge Partners, L.P. with 42.33 million shares valued at $320.44 million to account for 16.36% of the shares outstanding. The other top investors are Cyrus Capital Partners, L.p. which holds 34.89 million shares representing 13.48% and valued at over $264.11 million, while Baupost Group, Inc,.(The) LLC holds 10.07% of the shares totaling 26.07 million with a market value of $197.35 million.
Garrett Motion Inc (GTX) Insider Activity
A total of 1 insider transactions have happened at Garrett Motion Inc (GTX) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Centerbridge Special Credit Pa, the company’s 10% Owner. SEC filings show that Centerbridge Special Credit Pa sold 400,000 shares of the company’s common stock on Feb 22 at a price of $9.40 per share for a total of $3.76 million. Following the sale, the insider now owns 27.04 million shares.
Garrett Motion Inc disclosed in a document filed with the SEC on Feb 22 that CYRUS CAPITAL PARTNERS, L.P. (10% Owner) sold a total of 200,000 shares of the company’s common stock. The trade occurred on Feb 22 and was made at $9.35 per share for $1.87 million. Following the transaction, the insider now directly holds 29.33 million shares of the GTX stock.
Still, SEC filings show that on Feb 21, Centerbridge Special Credit Pa (10% Owner) disposed off 500,000 shares at an average price of $9.35 for $4.67 million. The insider now directly holds 27,340,976 shares of Garrett Motion Inc (GTX).
