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Wednesday, December 6, 2023

Make Sure You Stick With Generac Holdings Inc (GNRC). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Generac Holdings Inc (GNRC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -0.11%, to $114.00. The Generac Holdings Inc has recorded 21,114 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed U.S. Department of Energy Announces Generac Power Systems as Part of a $440 Million Commitment to Install Rooftop Solar and Batteries in Puerto Rico’s Most Vulnerable Communities.

Stocks Info

Generac Holdings Inc is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $114.12 and fluctuated between $114.61 as its day high and $112.60 as its day low. The current market capitalization of Generac Holdings Inc is $7.01B. A total of 1.11 million shares were traded on the day, compared to an average of 1.28M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GNRC has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 8,364 and the disposition of 10,750 shares. Over the last 12 months, there were 44 BUYs and 48 SELLs from insiders. Insiders purchased 203,134 shares during that period but sold 139,573.

In the most recent transaction, Jagdfeld Aaron sold 5,000 shares of GNRC for 95.26 per share on Nov 01. After the transaction, the Chief Executive Officer now owns 592,690 company shares. In a previous transaction on Oct 02, Jagdfeld Aaron sold 5,000 shares at 108.24 per share. GNRC shares that Chief Executive Officer owns now total 597,690.

Among the insiders who sold shares, Kanuru Rajendra Kumar disposed of 250 shares on Oct 02 at a per-share price of $108.24. This resulted in the EVP, GC, Corp. Secretary holding 15,868 shares of GNRC after the transaction. In another insider transaction, Jagdfeld Aaron sold 5,000 shares at $120.23 per share on Sep 01. Company shares held by the Chief Executive Officer now total 602,690.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GNRC in the last 3 months, the mean price target is $136.57 with high estimates of $175.00 and low estimates of $78.00. In terms of 52-week highs and lows, GNRC has a high of $156.95 and a low of $79.86.

As of this writing, GNRC has an earnings estimate of $2.06 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $2.27 per share and a lower estimate of $1.7. The company reported an EPS of $1.08 in the last quarter, which was -5.30% lower than expectations of $1.14.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GNRC’s latest balance sheet shows that the firm has $147.34M in Cash & Short Term Investments as of fiscal 2021. There were $1.32B in debt and $1.16B in liabilities at the time. Its Book Value Per Share was $38.52, while its Total Shareholder’s Equity was $2.27B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GNRC is Buy with a score of 4.15.

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