Gates Industrial Corporation plc (NYSE: GTES) on Friday, plunged -0.68% from the previous trading day, before settling in for the closing price of $22.14. Within the past 52 weeks, GTES’s price has moved between $11.91 and $23.34.
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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%. The company achieved an average annual earnings per share of -0.97%. With a float of $243.25 million, this company’s outstanding shares have now reached $254.70 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 39.64%, operating margin of 14.33%, and the pretax margin is 9.06%.
Gates Industrial Corporation plc (GTES) Insider Activity
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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -0.97% 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 1.62. Likewise, its price to free cash flow for the trailing twelve months is 18.76.
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)
Compared to the last year’s volume of 3.04 million, its volume of 2.53 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.31%. Additionally, its Average True Range was 0.48.
During the past 100 days, Gates Industrial Corporation plc’s (GTES) raw stochastic average was set at 82.07%, which indicates a significant increase from 22.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.59% in the past 14 days, which was lower than the 29.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.20, while its 200-day Moving Average is $17.77. Nevertheless, the first resistance level for the watch stands at $22.19 in the near term. At $22.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.53. If the price goes on to break the first support level at $21.86, it is likely to go to the next support level at $21.72. Should the price break the second support level, the third support level stands at $21.52.
Gates Industrial Corporation plc (NYSE: GTES) Key Stats
Market capitalization of the company is 5.56 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.
