Garrett Motion Inc (NASDAQ: GTX) on Friday, plunged -3.05% from the previous trading day, before settling in for the closing price of $9.19. Within the past 52 weeks, GTX’s price has moved between $7.13 and $10.16.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 3.28%. The company achieved an average annual earnings per share of 687.00%. With a float of $204.81 million, this company’s outstanding shares have now reached $214.69 million.
Let’s determine the extent of company efficiency that accounts for 9700 employees. In terms of profitability, gross margin is 19.91%, operating margin of 9.84%, and the pretax margin is 8.72%.
Garrett Motion Inc (GTX) Insider Activity
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of Garrett Motion Inc is 4.10%, while institutional ownership is 91.04%. The most recent insider transaction that took place on Oct 29 ’24, was worth 373,490. Before that another transaction happened on Oct 29 ’24, when Company’s SVP, Integrated Supply Chain sold 50,000 for $7.47, making the entire transaction worth $373,500. This insider now owns 140,509 shares in total.
Garrett Motion Inc (GTX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 687.00% per share during the next fiscal year.
Garrett Motion Inc (NASDAQ: GTX) Trading Performance Indicators
Garrett Motion Inc (GTX) is currently performing well based on its current performance indicators. A quick ratio of 0.72 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 0.52. Likewise, its price to free cash flow for the trailing twelve months is 5.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.01, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.29 in one year’s time.
Technical Analysis of Garrett Motion Inc (GTX)
Looking closely at Garrett Motion Inc (NASDAQ: GTX), its last 5-days average volume was 0.93 million, which is a jump from its year-to-date volume of 0.93 million. As of the previous 9 days, the stock’s Stochastic %D was 71.57%. Additionally, its Average True Range was 0.31.
During the past 100 days, Garrett Motion Inc’s (GTX) raw stochastic average was set at 60.34%, which indicates a significant decrease from 66.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.22% in the past 14 days, which was lower than the 38.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.02, while its 200-day Moving Average is $8.73. However, in the short run, Garrett Motion Inc’s stock first resistance to watch stands at $9.16. Second resistance stands at $9.42. The third major resistance level sits at $9.60. If the price goes on to break the first support level at $8.72, it is likely to go to the next support level at $8.54. Should the price break the second support level, the third support level stands at $8.28.
Garrett Motion Inc (NASDAQ: GTX) Key Stats
Market capitalization of the company is 1.84 billion based on 213,562K outstanding shares. Right now, sales total 3,886 M and income totals 261,000 K. The company made 826,000 K in profit during its latest quarter, and 52,000 K in sales during its previous quarter.
