Garrett Motion Inc (NASDAQ:GTX) shares, rose in value on Friday, January 24, with the stock price up by 0.52% to the previous day’s close as strong demand from buyers drove the stock to $9.60.
Actively observing the price movement in the last trading, the stock closed the session at $9.55, falling within a range of $9.415 and $9.645. The value of beta (5-year monthly) was 1.171 whereas the PE ratio was 9.47 over 12-month period. Referring to stock’s 52-week performance, its high was $10.16, and the low was $7.13. On the whole, GTX has fluctuated by 6.55% over the past month.
With the market capitalization of Garrett Motion Inc currently standing at about $2.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 0.62%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.49B, with a low estimate of 802M and a high estimate of 919M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 860.5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GTX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of GTX currently trading nearly 4.32% and 8.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.60, while the 7-day volatility ratio is showing 2.60% which for the 30-day chart, stands at 2.54%. Furthermore, Garrett Motion Inc (GTX)’s beta value is 1.15, and its average true range (ATR) is 0.26.
A comparison of Garrett Motion Inc (GTX) with its peers suggests the former has fared considerably weaker in the market. GTX showed an intraday change of 0.52% in last session, and over the past year, it grew by 8.47%%.
Data on historical trading for Garrett Motion Inc (NASDAQ:GTX) indicates that the trading volumes over the past 10 days have averaged 0.77 and over the past 3 months, they’ve averaged 931.65K. According to company’s latest data on outstanding shares, there are 214.69 million shares outstanding.
Nearly 0.78% of Garrett Motion Inc’s shares belong to company insiders and institutional investors own 89.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.92 million shares as on 2024-12-31, resulting in a short ratio of 6.78. According to the data, the short interest in Garrett Motion Inc (GTX) stood at 678.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 7.46 million. The stock has risen by 6.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GTX stock heading into the next quarter.
