Gentex Corp. (NASDAQ: GNTX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Gentex Corp. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Auto Parts industry. The current market capitalization of Gentex Corp. is $7.04B. A total of 0.97 million shares were traded on the day, compared to an average of 1.47M shares.

In the most recent transaction, GENTEX CORP bought 3,152,500 shares of GNTX for 5.00 per share on Aug 23 ’24. After the transaction, the 10% Owner now owns 6,463,808 company shares. In a previous transaction on May 20 ’24, ANDERSON JOSEPH B JR sold 4,716 shares at 34.46 per share. GNTX shares that Director owns now total 3,764.

Among the insiders who sold shares, GOODE GARY F disposed of 4,716 shares on May 20 ’24 at a per-share price of $34.46. This resulted in the Director holding 24,464 shares of GNTX after the transaction. In another insider transaction, Ryan Scott P sold 12,500 shares at $35.00 per share on Feb 20 ’24. Company shares held by the General Counsel now total 28,949.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Gentex Corp. pays an annual dividend of $0.48, resulting in a dividend yield of 1.57%, and it has a price to earnings (P/E) ratio of 17.14. GNTX’s most recent ex-dividend date was 10/9/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 10/23/2024. Previously, the company paid the dividend on 7/17/2024 with an ex-dividend date of 7/5/2024. The GNTX stock dividend was $0.12 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, GNTX has a high of $37.58 and a low of $27.86.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GNTX’s latest balance sheet shows that the firm has $267.74M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $10.43, while its Total Shareholder’s Equity was $1.94B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GNTX is Buy with a score of 4.00.

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