Gates Industrial Corporation plc (NYSE: GTES) on Tuesday, soared 0.58% from the previous trading day, before settling in for the closing price of $22.28. Within the past 52 weeks, GTES’s price has moved between $11.22 and $22.48.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 1.97%. The company achieved an average annual earnings per share of -0.95%. With a float of $243.25 million, this company’s outstanding shares have now reached $254.70 million.
The extent of productivity of a business whose workforce counts for 14700 workers is very important to gauge. In terms of profitability, gross margin is 39.64%, operating margin of 14.33%, and the pretax margin is 9.06%.
Gates Industrial Corporation plc (GTES) Insider and Institutional Ownership
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Gates Industrial Corporation plc is 4.50%, while institutional ownership is 99.62%. The most recent insider transaction that took place on Nov 25 ’24, was worth 317,962. Before that another transaction happened on Nov 25 ’24, when Company’s insider proposed sale 64,602 for $21.39, making the entire transaction worth $1,381,837.
Gates Industrial Corporation plc (GTES) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.39 earnings per share (EPS) for the period topping the consensus outlook (set at 0.28) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.95% 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
Gates Industrial Corporation plc (GTES) is currently performing well based on its current performance indicators. A quick ratio of 2.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.66. Likewise, its price to free cash flow for the trailing twelve months is 19.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.83, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.58 in one year’s time.
Technical Analysis of Gates Industrial Corporation plc (GTES)
The latest stats from [Gates Industrial Corporation plc, GTES] show that its last 5-days average volume of 2.05 million was inferior to 3.05 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 88.47%. Additionally, its Average True Range was 0.49.
During the past 100 days, Gates Industrial Corporation plc’s (GTES) raw stochastic average was set at 98.21%, which indicates a significant increase from 94.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.74% in the past 14 days, which was lower than the 30.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.42, while its 200-day Moving Average is $17.45. Now, the first resistance to watch is $22.58. This is followed by the second major resistance level at $22.76. The third major resistance level sits at $22.98. If the price goes on to break the first support level at $22.18, it is likely to go to the next support level at $21.96. The third support level lies at $21.78 if the price breaches the second support level.
Gates Industrial Corporation plc (NYSE: GTES) Key Stats
Market capitalization of the company is 5.71 billion based on 254,718K outstanding shares. Right now, sales total 3,570 M and income totals 232,900 K. The company made 830,700 K in profit during its latest quarter, and 47,600 K in sales during its previous quarter.
