Gates Industrial Corporation plc (NYSE: GTES) is 38.52% higher on its value in year-to-date trading and has touched a low of $10.68 and a high of $17.99 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 GTES stock was last observed hovering at around $17.73 in the last trading session, with the day’s gains setting it 0.86%.
Currently trading at $18.59, the stock is 11.80% and 11.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.34 million and changing 4.85% at the moment leaves the stock 25.92% off its SMA200. GTES registered 36.49% gain for a year compared to 6-month gain of 41.15%.
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The stock witnessed a 20.17% loss in the last 1 month and extending the period to 3 months gives it a 5.51%, and is 8.40% 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 3.88% over the week and 2.76% over the month.
Gates Industrial Corporation plc (GTES) has around 14700 employees, a market worth around $4.86B and $3.54B in sales. Current P/E ratio is 20.39 and Fwd P/E is 11.62. Profit margin for the company is 6.98%. Distance from 52-week low is 74.06% and 3.36% from its 52-week high. The company has generated returns on investments over the last 12 months (4.41%).
The EPS is expected to shrink by -1.20% this year
The shares outstanding are 264.26M, and float is at 207.09M with Short Float at 3.23%.
Gates Industrial Corporation plc (GTES) Insider Activity
The most recent transaction is an insider sale by Blackstone Inc., the company’s 10% Owner. SEC filings show that Blackstone Inc. sold 20,125,000 shares of the company’s common stock on May 21 ’24 at a price of $16.33 per share for a total of $328.64 million. Following the sale, the insider now owns 77326.0 shares.
Gates Industrial Corporation plc disclosed in a document filed with the SEC on May 21 ’24 that Omaha Aggregator (Cayman) L.P. (10% Owner) sold a total of 20,125,000 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $16.33 per share for $328.64 million. Following the transaction, the insider now directly holds 77326.0 shares of the GTES stock.
Still, SEC filings show that on May 21 ’24, BX GATES ML-1 HOLDCO LLC (10% Owner) disposed off 20,125,000 shares at an average price of $16.33 for $328.64 million. The insider now directly holds 77,326 shares of Gates Industrial Corporation plc (GTES).
