Gates Industrial Corporation plc (NYSE: GTES) is -2.77% lower on its value in year-to-date trading and has touched a low of $14.61 and a high of $23.85 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 GTES stock was last observed hovering at around $21.64 in the last trading session, with the day’s loss setting it -1.64%.
Currently trading at $20.00, the stock is -8.93% and -5.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.98 million and changing -7.58% at the moment leaves the stock 6.26% off its SMA200. GTES registered 37.93% gain for a year compared to 6-month gain of 12.42%.
The stock witnessed a -3.94% loss in the last 1 month and extending the period to 3 months gives it a -9.95%, and is -8.30% down 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 4.45% over the week and 3.78% over the month.
Gates Industrial Corporation plc (GTES) has around 14100 employees, a market worth around $5.11B and $3.41B in sales. Current P/E ratio is 27.11 and Fwd P/E is 11.81. Profit margin for the company is 5.74%. Distance from 52-week low is 36.89% and -16.14% from its 52-week high. The company has generated returns on investments over the last 12 months (3.58%).
with sales reaching $822.93M over the same period.The EPS is expected to grow by 4.05% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -4.60% in year-over-year returns.
Gates Industrial Corporation plc (GTES) Top Institutional Holders
The shares outstanding are 255.20M, and float is at 252.56M with Short Float at 2.98%.
The top institutional shareholder in the company is BLACKSTONE INC. with over 51.88 million shares valued at $820.17 million. The investor’s holdings represent 19.8427% of the GTES Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 20.36 million shares valued at $321.96 million to account for 7.7892 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 14.63 million shares representing 5.5944% and valued at over $231.24 million, while FMR LLC holds 4.7799 of the shares totaling 12.5 million with a market value of $197.57 million.
Gates Industrial Corporation plc (GTES) Insider Activity
A total of 0 insider transactions have happened at Gates Industrial Corporation plc (GTES) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Still, SEC filings show that on Nov 25 ’24, BX Gates ML-3 Holdco LLC Proposed Sale 1,030 shares at an average price of $21.39 for $22032.0. The insider now directly holds shares of Gates Industrial Corporation plc (GTES).
