On Tuesday, Gates Industrial Corporation plc (NYSE: GTES) opened lower -1.24% from the last session, before settling in for the closing price of $17.80. Price fluctuations for GTES have ranged from $10.68 to $19.07 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 1.97%. Company’s average yearly earnings per share was noted -3.75% at the time writing. With a float of $257.68 million, this company’s outstanding shares have now reached $264.26 million.
Considering the fact that the conglomerate employs 14700 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 39.37%, operating margin of 14.52%, and the pretax margin is 9.45%.
Gates Industrial Corporation plc (GTES) Insider Activity
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Gates Industrial Corporation plc is 8.50%, while institutional ownership is 77.55%. The most recent insider transaction that took place on Aug 21 ’24, was worth 200,794. In this transaction Director of this company bought 11,952 shares at a rate of $16.80, taking the stock ownership to the 6,000 shares. Before that another transaction happened on Aug 21 ’24, when Company’s 10% Owner sold 30,539,203 for $16.58, making the entire transaction worth $506,339,986. This insider now owns 31,805 shares in total.
Gates Industrial Corporation plc (GTES) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -3.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% during the next five years compared to 0.10% growth over the previous five years of trading.
Gates Industrial Corporation plc (NYSE: GTES) Trading Performance Indicators
Check out the current performance indicators for Gates Industrial Corporation plc (GTES). In the past quarter, the stock posted a quick ratio of 2.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42. Likewise, its price to free cash flow for the trailing twelve months is 16.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.95, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.55 in one year’s time.
Technical Analysis of Gates Industrial Corporation plc (GTES)
Compared to the last year’s volume of 2.99 million, its volume of 1.52 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 86.30%. Additionally, its Average True Range was 0.39.
During the past 100 days, Gates Industrial Corporation plc’s (GTES) raw stochastic average was set at 62.09%, which indicates a significant increase from 58.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.55% in the past 14 days, which was lower than the 30.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.29, while its 200-day Moving Average is $16.23. Nevertheless, the first resistance level for the watch stands at $17.79 in the near term. At $18.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.14. If the price goes on to break the first support level at $17.43, it is likely to go to the next support level at $17.29. Should the price break the second support level, the third support level stands at $17.08.
Gates Industrial Corporation plc (NYSE: GTES) Key Stats
There are currently 261,380K shares outstanding in the company with a market cap of 4.95 billion. Presently, the company’s annual sales total 3,570 M according to its annual income of 232,900 K. Last quarter, the company’s sales amounted to 885,500 K and its income totaled 70,700 K.
