Gentex Corp (NASDAQ: GNTX) is -26.31% lower on its value in year-to-date trading and has touched a low of $20.28 and a high of $35.34 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 $20.95 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $21.17, the stock is -8.32% and -12.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 1.05% at the moment leaves the stock -26.18% off its SMA200. GNTX registered -39.82% loss for a year compared to 6-month loss of -26.72%. The firm has a 50-day simple moving average (SMA 50) of $24.0822 and a 200-day simple moving average (SMA200) of $28.67745.
The stock witnessed a -11.27% gain in the last 1 month and extending the period to 3 months gives it a -21.18%, and is -4.38% 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 6.32% over the week and 3.50% over the month.
Gentex Corp (GNTX) has around 6184 employees, a market worth around $4.79B and $2.31B in sales. Current P/E ratio is 12.07 and Fwd P/E is 10.27. Profit margin for the company is 17.24%. Distance from 52-week low is 4.39% and -40.10% from its 52-week high. The company has generated returns on investments over the last 12 months (16.16%).
with sales reaching $571.9M over the same period.The EPS is expected to grow by 3.36% this year, but quarterly earnings will post 8.47% year-over-year. Quarterly sales are estimated to shrink -3.10% in year-over-year returns.
Gentex Corp (GNTX) Top Institutional Holders
694.0 institutions hold shares in Gentex Corp (GNTX), with institutional investors hold 99.68% of the company’s shares. The shares outstanding are 227.21M, and float is at 225.35M with Short Float at 3.32%. Institutions hold 99.42% of the Float.
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).
