Searching For Real Value In Market Debris At Gentex Corp. (NASDAQ: GNTX)

After Hours

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. Yahoo Finance discussed the stock recently as it posted Gentex Schedules First Quarter 2024 Earnings Release Date and Conference Call.

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Stocks Info

As a NASDAQ listed company, GNTX falls under the Consumer Cyclical sector while operating within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $36.38 and fluctuated between $36.46 as its day high and $35.74 as its day low. The current market capitalization of Gentex Corp. is $8.42B. A total of 1.48 million shares were traded on the day, compared to an average of 1.45M shares.

In the most recent transaction, Nash Kevin C sold 13,500 shares of GNTX for 33.04 per share on Feb 20 ’24. After the transaction, the Chief Financial Officer now owns 44,321 company shares. In a previous transaction on Feb 20 ’24, Ryan Scott P sold 12,500 shares at 35.00 per share. GNTX shares that General Counsel owns now total 28,949.

Among the insiders who sold shares, GOODE GARY F disposed of 7,000 shares on Feb 09 ’24 at a per-share price of $35.02. This resulted in the Director holding 29,180 shares of GNTX after the transaction. In another insider transaction, GOODE GARY F sold 7,000 shares at $34.11 per share on Feb 02 ’24. Company shares held by the Director now total 29,180.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Gentex Corp. pays an annual dividend of $0.48, resulting in a dividend yield of 1.32%, and it has a price to earnings (P/E) ratio of 19.89. GNTX’s most recent ex-dividend date was 4/4/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 4/17/2024. Previously, the company paid the dividend on 1/17/2024 with an ex-dividend date of 1/4/2024. The GNTX stock dividend was $0.12 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GNTX has a high of $37.58 and a low of $25.85.

As of this writing, GNTX has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.44. The company reported an EPS of $0.45 in the last quarter, which was 2.30% higher than expectations of $0.44.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. GNTX’s latest balance sheet shows that the firm has $267.74M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $9.99, while its Total Shareholder’s Equity was $1.94B.

Analysts Opinion

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. 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 GNTX is Buy with a score of 4.14.

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