With 2.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.96 million shares. The 52-week range on GTES shows that it touched its highest point at $17.81 and its lowest point at $10.68 during that stretch. It currently has a 1-year price target of $18.00. Beta for the stock currently stands at 1.57.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GTES was up-trending over the past week, with a rise of 1.43%, but this was up by 21.42% over a month. Three-month performance surged to 31.90% while six-month performance rose 53.33%. The stock gained 32.29% in the past year, while it has gained 32.19% so far this year. A look at the trailing 12-month EPS for GTES yields 0.85 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.31. This implies an EPS growth rate of 3.38% for this year and 17.38% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.10%.
Float and Shares Shorts:
At present, 264.26 million GTES shares are outstanding with a float of 189.57 million shares on hand for trading. On Feb 29, 2024, short shares totaled 4.12 million, which was 1.59% higher than short shares on Jan 31, 2024. In addition to GTEK as the firm’s GTEK, VTES serves as its VTES.
Institutional Ownership:
Through their ownership of 92.86% of GTES’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GTES since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
