Gentex Corporation (NASDAQ:GNTX) shares fell to a low of $34.69 before closing at $34.78. Intraday shares traded counted 1.72 million, which was -32.3% lower than its 30-day average trading volume of 1.30M. GNTX’s previous close was $35.50 while the outstanding shares total 242.69M. The firm has a beta of 1.08, a 12-month trailing P/E ratio of 23.03, and a growth ratio of 1.46. The stock’s Relative Strength Index (RSI) is 47.56, with weekly volatility at 2.23% and ATR at 0.72. The GNTX stock’s 52-week price range has touched low of $24.69 and a $37.75 high. The stock traded lower over the last trading session, losing -2.03% on 06/01/21.
Investors have identified the Auto Parts company Gentex Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $8.37 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Gentex Corporation (GNTX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For GNTX, the company has in raw cash 455.94 million on their books with 0.0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.01 billion total, with 223.23 million as their total liabilities.
GNTX were able to record 178.25 million as free cash flow during the 07/16/2021 quarter of the year, this saw their quarterly net cash flow reduce by 32.57 million. In cash movements, the company had a total of 190.85 million as operating cash flow.
Potential earnings growth for Gentex Corporation (GNTX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/16/2021 quarter of the year, Gentex Corporation recorded a total of 483.73 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 6.19% coming in sequential stages and their sales for the 07/16/2021 quarter reducing by -9.54%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 300.43 million trying to sell their products during the last quarter, with the result yielding a gross income of 183.3 million. This allows shareholders to hold on to 242.69M with the recently reported earning now reading 0.47 cents per share. This is a figure that compared to analyst’s prediction for their 07/16/2021 (0.46 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.31 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GNTX sounds very interesting.
Is the stock of GNTX attractive?
In related news, Director, Hollars James A sold 4,061 shares of the company’s stock in a transaction that recorded on May 21. The sale was performed at an average price of 34.68, for a total value of 140,839. As the sale deal closes, the Director, Schaum Richard O now sold 5,440 shares of the company’s stock, valued at 194,178. Also, Chief Technology Officer, Boehm Neil sold 2,053 shares of the company’s stock in a deal that was recorded on Mar 31. The shares were price at an average price of 35.66 per share, with a total market value of 73,218. Following this completion of acquisition, the Vice President of Sales, Chiodo Matthew now holds 6,851 shares of the company’s stock, valued at 244,332. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
4 out of 10 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Gentex Corporation. 1 analysts has assigned a Sell rating on the GNTX stock. The 12-month mean consensus price target for the company’s shares has been set at $39.57.