Gentex Corp (NASDAQ: GNTX) is -15.00% lower on its value in year-to-date trading and has touched a low of $23.63 and a high of $36.74 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 GNTX stock was last observed hovering at around $24.78 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $24.42, the stock is -0.77% and -6.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing -1.45% at the moment leaves the stock -18.32% off its SMA200. GNTX registered -32.76% loss for a year compared to 6-month loss of -18.14%.
The stock witnessed a -1.57% gain in the last 1 month and extending the period to 3 months gives it a -17.94%, and is -0.81% 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 3.10% over the week and 2.30% over the month.
Gentex Corp (GNTX) has around 6184 employees, a market worth around $5.55B and $2.31B in sales. Current P/E ratio is 13.92 and Fwd P/E is 11.35. Profit margin for the company is 17.24%. Distance from 52-week low is 3.34% and -33.54% from its 52-week high. The company has generated returns on investments over the last 12 months (16.16%).
with sales reaching $578.68M over the same period.The EPS is expected to grow by 7.32% this year, but quarterly earnings will post 8.72% year-over-year. Quarterly sales are estimated to shrink -1.96% in year-over-year returns.
The shares outstanding are 227.21M, and float is at 226.28M with Short Float at 2.40%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.04 million shares valued at $742.91 million. The investor’s holdings represent 9.6689 of the GNTX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.86 million shares valued at $703.22 million to account for 9.1523 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 20.68 million shares representing 9.0723 and valued at over $697.07 million, while EDGEPOINT INVESTMENT GROUP INC. holds 3.3293 of the shares totaling 7.59 million with a market value of $255.81 million.
Gentex Corp (GNTX) Insider Activity
The most recent transaction is an insider purchase by GENTEX CORP, the company’s 10% Owner. SEC filings show that GENTEX CORP bought 3,152,500 shares of the company’s common stock on Aug 23 ’24 at a price of $5.00 per share for a total of $15.76 million. Following the purchase, the insider now owns 6.46 million shares.
Gentex Corp disclosed in a document filed with the SEC on May 20 ’24 that ANDERSON JOSEPH B JR (Director) sold a total of 4,716 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $34.46 per share for $0.16 million. Following the transaction, the insider now directly holds 3764.0 shares of the GNTX stock.
Still, SEC filings show that on May 20 ’24, GOODE GARY F (Director) disposed off 4,716 shares at an average price of $34.46 for $0.16 million. The insider now directly holds 24,464 shares of Gentex Corp (GNTX).
