Garrett Motion Inc (NASDAQ:GTX) price on current trading day, fall -7.21% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.41.
A look at the stock’s price movement, the level at last check in today’s session was $7.98, moving within a range at $7.13 and $7.86. The beta value (5-Year monthly) was 1.155 while the PE ratio in trailing twelve months stood at 7.39. Turning to its 52-week performance, $10.16 and $6.43 were the 52-week high and 52-week low respectively. Overall, GTX moved -7.44% over the past month.
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Garrett Motion Inc’s market cap currently stands at around $1.62 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-24.
Analysts have a consensus estimate of 851M for the company’s revenue for the quarter, with a low and high estimate of 848M and 854M respectively. The average forecast suggests down to a -11.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.56B, representing a -8.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GTX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.87, with GTX’s current price about -7.98% and -8.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.25, while 7-day volatility ratio is 1.96% and 2.05% in the 30-day chart. Further, Garrett Motion Inc (GTX) has a beta value of 1.16, and an average true range (ATR) of 0.23.
If we refocus on Garrett Motion Inc (NASDAQ:GTX), historical trading data shows that trading volumes averaged 0.55 over the past 10 days and 816.26K over the past 3 months. The company’s latest data on shares outstanding shows there are 238.25 million shares.
The 4.03% of Garrett Motion Inc’s shares are in the hands of company insiders while institutional holders own 91.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.89 million on 2024-09-30, giving us a short ratio of 9.15. The data shows that as of 2024-09-30 short interest in Garrett Motion Inc (GTX) stood at 643.0 of shares outstanding, with shares short falling to 7.37 million registered in 2024-08-30. Current price change has pushed the stock -23.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GTX stock continues to rise going into the next quarter.
