Garrett Motion Inc (NASDAQ: GTX) is -15.93% lower on its value in year-to-date trading and has touched a low of $6.43 and a high of $10.16 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 $8.05 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $8.13, the stock is 0.31% and -3.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 0.99% at the moment leaves the stock -8.89% off its SMA200. GTX registered 1.75% gain for a year compared to 6-month loss of -16.79%.
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The stock witnessed a 0.99% gain in the last 1 month and extending the period to 3 months gives it a -3.44%, and is 2.39% 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 2.41% over the week and 2.54% over the month.
Garrett Motion Inc (GTX) has around 9700 employees, a market worth around $1.78B and $3.71B in sales. Current P/E ratio is 8.11 and Fwd P/E is 6.16. Profit margin for the company is 6.44%. Distance from 52-week low is 26.44% and -19.98% from its 52-week high. The company has generated returns on investments over the last 12 months (30.76%).
The EPS is expected to grow by 726.48% this year
361.0 institutions hold shares in Garrett Motion Inc (GTX), with institutional investors hold 95.28% of the company’s shares. The shares outstanding are 238.25M, and float is at 209.81M with Short Float at 3.51%. Institutions hold 94.73% of the Float.
The top institutional shareholder in the company is OAKTREE CAPITAL MANAGEMENT LP with over 44.08 million shares valued at $378.67 million. The investor’s holdings represent 18.6267 of the GTX Shares outstanding. As of 2024-06-30, the second largest holder is CENTERBRIDGE PARTNERS, L.P. with 38.07 million shares valued at $326.98 million to account for 16.0841 of the shares outstanding. The other top investors are CYRUS CAPITAL PARTNERS, L.P. which holds 27.34 million shares representing 11.5527 and valued at over $234.86 million, while SESSA CAPITAL IM, L.P. holds 6.0378 of the shares totaling 14.29 million with a market value of $122.74 million.
Garrett Motion Inc (GTX) Insider Activity
The most recent transaction is an insider sale by Steyn Julia, the company’s Director. SEC filings show that Steyn Julia sold 14,000 shares of the company’s common stock on Jul 31 ’24 at a price of $8.77 per share for a total of $0.12 million. Following the sale, the insider now owns 53781.0 shares.
Still, SEC filings show that on Jul 18 ’24, CYRUS CAPITAL PARTNERS, L.P. (10% Owner) disposed off 3,779 shares at an average price of $10.01 for $37830.0. The insider now directly holds 27,337,398 shares of Garrett Motion Inc (GTX).
