Gates Industrial Corporation plc (GTES) concluded trading on Wednesday at a closing price of $16.43, with 7.21 million shares of worth about $118.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.32% during that period and on May 01, 2024 the price saw a loss of about -6.75%. Currently the company’s common shares owned by public are about 264.26M shares, out of which, 189.57M shares are available for trading.
Stock saw a price change of -7.54% in past 5 days and over the past one month there was a price change of -6.33%. Year-to-date (YTD), GTES shares are showing a performance of 22.43% which increased to 21.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.68 but also hit the highest price of $17.99 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 3.03 million. The stock is currently trading -5.82% below its 20-day simple moving average (SMA20), while that difference is down -1.46% for SMA50 and it goes to 22.83% higher than SMA200.
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Gates Industrial Corporation plc (NYSE: GTES) currently have 264.26M outstanding shares and institutions hold larger chunk of about 64.69% of that.
The stock has a current market capitalization of $4.34B and its 3Y-monthly beta is at 1.54. PE ratio of stock for trailing 12 months is 19.22, while it has posted earnings per share of $0.85 in the same period. Its PEG reads 1.75 and has Quick Ratio of 2.25 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTES, volatility over the week remained 3.83% while standing at 2.37% over the month.
Stock’s fiscal year EPS is expected to rise by 3.99% while it is estimated to increase by 18.72% in next year. EPS is likely to grow at an annualized rate of 11.00% for next 5-years, compared to annual growth of 0.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on March 08, 2024 offering an Outperform rating for the stock and assigned a target price of $20 to it. Coverage by Jefferies stated Gates Industrial Corporation plc (GTES) stock as a Buy in their note to investors on February 29, 2024, suggesting a price target of $21 for the stock. On February 22, 2024, KeyBanc Capital Markets Upgrade their recommendations, while on June 20, 2023, Goldman Downgrade their ratings for the stock with a price target of $14.50. Stock get a Sector weight rating from KeyBanc Capital Markets on February 10, 2023.
