Garrett Motion Inc (NASDAQ: GTX) is -5.76% lower on its value in year-to-date trading and has touched a low of $7.13 and a high of $10.39 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 $8.86 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $8.51, the stock is -6.23% and -8.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -3.95% at the moment leaves the stock -1.58% off its SMA200. GTX registered -12.45% loss for a year compared to 6-month gain of 4.93%. The firm has a 50-day simple moving average (SMA 50) of $9.3442 and a 200-day simple moving average (SMA200) of $8.64635.
The stock witnessed a -14.81% loss in the last 1 month and extending the period to 3 months gives it a -5.44%, and is -5.13% 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 2.97% over the week and 2.89% over the month.
Garrett Motion Inc (GTX) has around 7000 employees, a market worth around $1.74B and $3.48B in sales. Current P/E ratio is 6.71 and Fwd P/E is 5.49. Profit margin for the company is 8.12%. Distance from 52-week low is 19.35% and -18.05% from its 52-week high. The company has generated returns on investments over the last 12 months (33.85%).
The EPS is expected to shrink by -7.08% this year
360.0 institutions hold shares in Garrett Motion Inc (GTX), with institutional investors hold 96.55% of the company’s shares. The shares outstanding are 206.39M, and float is at 202.01M with Short Float at 3.50%. Institutions hold 95.84% 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 19.6516 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 16.9691 of the shares outstanding. The other top investors are CYRUS CAPITAL PARTNERS, L.P. which holds 27.34 million shares representing 12.1884 and valued at over $234.86 million, while SESSA CAPITAL IM, L.P. holds 6.37 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 Centerbridge Special Credit Pa, the company’s 10% Owner. SEC filings show that Centerbridge Special Credit Pa sold 520,000 shares of the company’s common stock on Mar 07 ’25 at a price of $9.41 per share for a total of $4.89 million. Following the sale, the insider now owns 9.8 million shares.
Garrett Motion Inc disclosed in a document filed with the SEC on Mar 05 ’25 that Centerbridge Special Credit Pa (10% Owner) sold a total of 500,000 shares of the company’s common stock. The trade occurred on Mar 05 ’25 and was made at $9.45 per share for $4.72 million. Following the transaction, the insider now directly holds 9.95 million shares of the GTX stock.
Still, SEC filings show that on Feb 27 ’25, Centerbridge Special Credit Pa (10% Owner) disposed off 349,351 shares at an average price of $9.96 for $3.48 million. The insider now directly holds 10,098,173 shares of Garrett Motion Inc (GTX).
