Garrett Motion Inc (NASDAQ:GTX) price on current trading day, fall -3.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.91.
A look at the stock’s price movement, the close in the last trading session was $9.19, moving within a range at $8.79 and $9.23. The beta value (5-Year monthly) was 1.171 while the PE ratio in trailing twelve months stood at 8.79. Turning to its 52-week performance, $10.16 and $7.13 were the 52-week high and 52-week low respectively. Overall, GTX moved 16.62% over the past month.
Garrett Motion Inc’s market cap currently stands at around $1.90 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 877M for the company’s revenue for the quarter, with a low and high estimate of 835M and 919M respectively. The average forecast suggests down to a -7.20% 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 3.51B, representing a -9.73% 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 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.03, with GTX’s current price about 8.49% and 11.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.36, while 7-day volatility ratio is 4.17% and 3.24% in the 30-day chart. Further, Garrett Motion Inc (GTX) has a beta value of 1.18, and an average true range (ATR) of 0.31.
If we refocus on Garrett Motion Inc (NASDAQ:GTX), historical trading data shows that trading volumes averaged 1.03 over the past 10 days and 842.07K over the past 3 months. The company’s latest data on shares outstanding shows there are 214.69 million shares.
The 4.10% of Garrett Motion Inc’s shares are in the hands of company insiders while institutional holders own 91.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.28 million on 2024-11-15, giving us a short ratio of 8.78. The data shows that as of 2024-11-15 short interest in Garrett Motion Inc (GTX) stood at 714.0 of shares outstanding, with shares short rising to 6.42 million registered in 2024-10-15. Current price change has pushed the stock -7.86% 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.
