Gentex Corporation (NASDAQ:GNTX) stock went on an upward path that rose over 1.71% on Wednesday, amounting to a one-week price increase of more than 2.60%. Over the last 12 months, GNTX stock rose by 14.71%. The one-year GNTX stock forecast points to a potential upside of 0.18. The average equity rating for GNTX stock is currently 3.20, trading closer to a bullish pattern in the stock market.
The market cap for GNTX stock reached $6.83 billion, with 254.77 million shares outstanding and 253.90 million shares in the current float. Compared to the average trading volume of 1.70M shares, GNTX reached a trading volume of 993,454 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gentex Corporation (GNTX)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNTX shares is $21.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNTX stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Longbow have made an estimate for Gentex Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Feb-05-19. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on Dec-04-18, representing the official price target for Gentex Corporation stock. Previously, the target price had yet another raise from $25 to $29, while B. Riley FBR, Inc. kept a Buy rating on GNTX stock.
The Average True Range (ATR) for Gentex Corporation is set at 0.54, with the Price to Sales ratio for GNTX stock in the period of the last 12 months amounting to 3.69. The Price to Book ratio for the last quarter was 3.60, with the Price to Cash per share for the same quarter was set at 1.77. Price to Free Cash Flow for GNTX in the course of the last twelve months was 16.52 with Quick ratio for the last quarter at 4.00.
How has GNTX stock performed recently?
Gentex Corporation (GNTX) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.60. With this latest performance, GNTX shares gained by 0.49% in over the last four-week period, additionally plugging by 30.96% over the last 6 months – not to mention a rise of 14.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GNTX stock in for the last two-week period is set at 56.94, with the RSI for the last a single of trading hit 57.22, and the three-weeks RSI is set at 56.43 for Gentex Corporation (GNTX). The present Moving Average for the last 50 days of trading for this stock 25.83, while it was recorded at 26.59 for the last single week of trading, and 22.66 for the last 200 days.
Gentex Corporation (GNTX): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Gentex Corporation (GNTX) shares currently have an operating margin of +27.70 and a Gross Margin at +37.65. Gentex Corporation’s Net Margin is presently recorded at +23.88.
Return on Total Capital for GNTX is now 25.47, given the latest momentum, and Return on Invested Capital for the company is 22.39. Return on Equity for this stock inclined to 22.39, with Return on Assets sitting at 19.59.
Reflecting on the efficiency of the workforce at the company, Gentex Corporation (GNTX) managed to generate an average of $76,727 per employee. Receivables Turnover for the company is 8.25 with a Total Asset Turnover recorded at a value of 0.82. Gentex Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.00 and a Current Ratio set at 5.20.