After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Reminder: Gates Industrial to Host Capital Markets Day on March 11, 2024.
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Stocks Info
The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. The current market capitalization of Gates Industrial Corporation plc is $4.69B. A total of 2.62 million shares were traded on the day, compared to an average of 2.96M shares.
In the most recent transaction, Neely Wilson S bought 50,000 shares of GTES for 14.55 per share on Feb 28 ’24. After the transaction, the Director now owns 106,664 company shares. In a previous transaction on Feb 20 ’24, Neely Wilson S bought 10,000 shares at 13.24 per share. GTES shares that Director owns now total 56,664.
Among the insiders who bought shares, SIMPKINS NEIL P acquired of 1,000,000 shares on Feb 16 ’24 at a per-share price of $12.20. This resulted in the Director holding 1,000,000 shares of GTES after the transaction. In another insider transaction, Eliasson Fredrik J bought 40,893 shares at $12.20 per share on Feb 16 ’24. Company shares held by the Director now total 112,012.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, GTES has a high of $17.81 and a low of $10.68.
As of this writing, GTES has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.28. The company reported an EPS of $0.35 in the last quarter, which was 12.90% higher than expectations of $0.31.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GTES’s latest balance sheet shows that the firm has $658.20M in Cash & Short Term Investments as of fiscal 2021. There were $2.68B in debt and $855.90M in liabilities at the time. Its Book Value Per Share was $12.19, while its Total Shareholder’s Equity was $3.48B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 GTES is Buy with a score of 4.20.
