Shares of Gentex Corporation (NASDAQ:GNTX) recorded -3.80% loss during trading session on February 7th, 2019. The script traded as low as $19.91 and last traded at $19.98. 3.04 million shares changed exchanged hands during trading, a drop of -53.42% from the 30-day average session volume of 1.98M shares. The firm had previously closed at $20.77. The company has $265.61M outstanding shares, a price-to-earnings ratio of 11.06, price-to-earnings-growth ratio of 2.88and a beta of 1.18. The company has a RSI of 30.52, ATR of 0.59 and a volatility of 1.85% this week. GNTX has a 52 week low price of $17.80 and a 52 week high price of $25.41.
Investors have identified the tech 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 5.31B, 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 194.02 million on their books with 90.04 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 an incline. In terms of their assets, the company currently has 827.56 million total, with 2.12 million as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
GNTX were able to record 329.44 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 375.72 million. In cash movements, the company had a total of 398.21 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 third quarter of the year, Gentex Corporation recorded a total of 460.25 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.05% coming in sequential stages and their sales for the third quarter increasing by 0.01%.
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 287.26 million trying to sell their products during the last quarter, with the result yielding a gross income of 172.99 million. This allows shareholders to hold on to 265.61M with the revenue now reading 420 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.39 cents a share).
Is the stock of GNTX attractive?
Having a look at the company’s valuation, the company is expected to record 1.75 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.
In related news, Director Wallace James H sold 24,000 shares of the company’s stock in a transaction that recorded on January 31st, 2019. The sale was performed at an average price of 21.40, for a total value of 513,506. As the sale deal closes, the General Counsel Wallace James H now sold 3,000 shares of the company’s stock, valued at 59,640. Also, Director Starkoff Kathleen bought 1,000 shares of the company’s stock in a deal that was recorded on October 22nd, 2019. The shares were bought at an average price of 20.41 per share, with a total market value of 1,000. Following this completion of acquisition, the Chief Technology Officer now holds 18 shares of the company’s stock, valued at 328. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
1 out of 11 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Gentex Corporation stock. 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 $22.15.