What’s Fueling Gentex Corp (GNTX) Stock’s -5.82% Loss Below Its 200-Day SMA?

UBS has recently initiated Gentex Corp (GNTX) stock to Neutral rating, as announced on September 4, 2024, according to Finviz. Earlier, on July 30, 2024, Exane BNP Paribas had reduced the stock from a Outperform to Neutral, setting a price target of $34. BofA Securities also raised Neutral rating with a price target of $33. Additionally, Goldman raised Neutral rating on December 14, 2022, with a target price of $26. Exane BNP Paribas analysts, in their report published on April 11, 2022, also initiated Outperform rating for Gentex Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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Gentex Corp (GNTX) Stock Trading Recap

On Wednesday, Gentex Corp (GNTX) stock saw a decline, ending the day at $31.11 which represents a decrease of $-0.23 or -0.73% from the prior close of $31.34. The stock opened at $31.3 and touched a low of $30.89 during the day, reaching a high of $31.47. The volume of shares traded was 2.07 million exceeding the average volume of 1.59 million.

GNTX Stock Performance and Moving Averages

In recent trading, Gentex Corp (GNTX) stock price has shown some volatility, fluctuating 5.39% over the last five trades and 5.56% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -8.39%, and it has gained 2.13% in the previous three months. Currently, GNTX is trading at 4.76%, 3.80%, and -5.82% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, GNTX, a Consumer Cyclical sector stock, is trading -17.21% below its 52-week high but remains 11.67% above its 52-week low. The Average True Range (ATR) (14 days) of 0.65 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Gentex Corp’s Profitability and Valuation Ratios

Gentex Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 21.29% and a profit margin of 18.18%, with a gross margin of -8.39%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Gentex Corp’s market capitalization stands at $7.16 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 16.66, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.78. Additionally, the Price-to-Sales Ratio is 3.03, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.98, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.24% of Gentex Corp (GNTX)’s shares, while financial institutions hold 92.94%.

Notable insider trades include ANDERSON JOSEPH B JR, Director at Gentex Corp (GNTX), who sold 4716 shares on May 20 ’24, at $34.46 each, totaling $0.16 million. On May 20 ’24, GOODE GARY F, Director, sold 4716 shares for $34.46 each, amounting to $0.16 million. Additionally, on Feb 20 ’24, Ryan Scott P sold 12500 shares at $35 each, generating $0.44 million.

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