Garrett Motion Inc (NASDAQ:GTX) shares, rose in value, with the stock price down by -3.72% to the previous day’s close as strong demand from buyers drove the stock to $10.86.
Actively observing the price movement in the last trading, the stock closed the session at $11.28. The PE ratio was 8.41 over 12-month period. Referring to stock’s 52-week performance, its high was $12.09, and the low was $7.01. On the whole, GTX has fluctuated by 18.56% over the past month.
With the market capitalization of Garrett Motion Inc currently standing at about $2.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 0.55%.
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 50% 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 100% Buy.
The stock’s technical analysis shows that the price of GTX currently trading nearly -3.60% and 11.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.17, while the 7-day volatility ratio is showing 5.18% which for the 30-day chart, stands at 4.80%. Furthermore, Garrett Motion Inc (GTX)’s beta value is 0.05, and its average true range (ATR) is 0.48.
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 -3.72% in last session, and over the past year, it grew by 22.30%%.
Data on historical trading for Garrett Motion Inc (NASDAQ:GTX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.86 million. According to company’s latest data on outstanding shares, there are 203.93 million shares outstanding.
Nearly 1.40% of Garrett Motion Inc’s shares belong to company insiders and institutional investors own 91.45% of the company’s shares. The stock has risen by 20.27% 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.
