Garrett Motion Inc (NASDAQ:GTX) does about 1.69M shares in volume on a normal day but saw 1924483 shares change hands in the recent trading day. The company now has a market cap of 2.35B USD. Its current market price is $11.58, marking an increase of 1.94% compared to the previous close of $11.36. The 52 week high reached by this stock is $11.57 whilst the lowest price level in 52 weeks is $7.01.
Garrett Motion Inc (GTX) has a 20-day trading average at $9.78 and the current price is 0.09% off the 52-week high compared with 65.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.17 and its 200-day simple moving average is $8.70. If we look at the stock’s price movements over the week, volatility stands at 3.23%, which increases to 3.67% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.65 to suggest the stock is overbought.
The consensus objective for the share price is $14.00, suggesting that the stock has a potential upside of 17.29% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 03, 2021 when BWS Financial initiated the stock to “Buy” and issued a price target of $15.
The current price level is 18.38%, 26.33%, and 33.05% away from its SMA20, SMA50, and SMA200 respectively, with the GTX price moving below the 50-day SMA on current market day. Garrett Motion Inc (GTX) stock is up 6.63% over the week and 32.80% over the past month. Its price is 28.24% year-to-date and 23.85% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.34 and 1.35 for whole year. Expected sales for next quarter are $845M, which analysts say will come at $3.48B for the current fiscal year and next year at $3.7B. In addition, estimates put the company’s current quarterly revenue at an average of $889M.
To reach the target analysts have set, the stock logically needs to grow 17.29 percent from here.
Outstanding shares total 203.93M with insiders holding 0.67% of the shares and institutional holders owning 93.02% of the company’s common stock. The company has a return on investment of 34.62%. The price to earnings ratio (P/E ratio) amounts to 8.96. The beta has a value of -0.03. Price to sales ratio is 0.68.
