Is Gates Industrial Corporation plc (NYSE: GTES) The Best Stock To Invest In?

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

Gates Industrial Corporation plc is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. The current market capitalization of Gates Industrial Corporation plc is $4.91B. A total of 1.53 million shares were traded on the day, compared to an average of 3.66M shares.

In the most recent transaction, Neely Wilson S bought 11,952 shares of GTES for 16.80 per share on Aug 21 ’24. After the transaction, the Director now owns 6,000 company shares. In a previous transaction on Aug 21 ’24, Blackstone Inc. sold 30,539,203 shares at 16.58 per share. GTES shares that 10% Owner owns now total 31,805.

Among the insiders who sold shares, Omaha Aggregator (Cayman) L.P. disposed of 30,539,203 shares on Aug 21 ’24 at a per-share price of $16.58. This resulted in the 10% Owner holding 31,805 shares of GTES after the transaction. In another insider transaction, BX GATES ML-1 HOLDCO LLC sold 30,539,203 shares at $16.58 per share on Aug 21 ’24. Company shares held by the 10% Owner now total 31,805.

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, GTES has a high of $19.07 and a low of $10.68.

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. GTES’s latest balance sheet shows that the firm has $658.20M in Cash & Short Term Investments as of fiscal 2021. There were $2.68B in debt and $855.90M in liabilities at the time. Its Book Value Per Share was $12.14, while its Total Shareholder’s Equity was $3.48B.

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 GTES is Buy with a score of 4.18.

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