Garrett Motion Inc. (NASDAQ:GTX) Relative Strength Index (RSI) is 61.87, with weekly volatility at 3.47% and ATR at 0.37. The GTX stock’s 52-week price range has touched low of $1.30 and a $8.90 high. Intraday shares traded counted 0.7 million, which was -102.62% lower than its 30-day average trading volume of 347.83K. Its shares traded lower over the last trading session, losing 0.00% on 06/17/21. The shares fell to a low of $8.01 before closing at $8.01. GTX’s previous close was $8.01 while the outstanding shares total 75.91M.
Investors have identified the Auto Parts company Garrett Motion Inc. 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 $512.32 million, 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.
Garrett Motion Inc. (GTX) 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 GTX, the company has in raw cash 577.0 million on their books with 106.0 million 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 a decline. In terms of their assets, the company currently has 1.74 billion total, with 1.85 billion as their total liabilities.
GTX were able to record 32.0 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by -116.0 million. In cash movements, the company had a total of 32.0 million as operating cash flow.
Potential earnings growth for Garrett Motion Inc. (GTX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Garrett Motion Inc. recorded a total of 997.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 25.28% coming in sequential stages and their sales for the 08/04/2021 quarter reducing by -1.1%.
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 801.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 196.0 million. This allows shareholders to hold on to 75.91M with the recently reported earning now reading -1.38 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (1.27 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.56 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 GTX sounds very interesting.
Is the stock of GTX attractive?
In related news, 10% Owner, Attestor Value Master Fund, LP sold 529,772 shares of the company’s stock in a transaction that recorded on Jun 15. The sale was performed at an average price of 8.25, for a total value of 4,368,742. As the sale deal closes, the 10% Owner, Attestor Value Master Fund, LP now sold 141,378 shares of the company’s stock, valued at 1,185,132. Also, 10% Owner, Attestor Value Master Fund, LP sold 41,508 shares of the company’s stock in a deal that was recorded on Jun 11. The shares were price at an average price of 8.40 per share, with a total market value of 348,767. Following this completion of acquisition, the 10% Owner, Attestor Value Master Fund, LP now holds 33,446 shares of the company’s stock, valued at 259,013. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.00%.