Following The Money: Institution’s Growing Stake In Garrett Motion Inc (NASDAQ: GTX)

Garrett Motion Inc (GTX) concluded trading on Thursday at a closing price of $8.06, with 3.58 million shares of worth about $28.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.50% during that period and on July 25, 2024 the price saw a loss of about -11.62%. Currently the company’s common shares owned by public are about 238.25M shares, out of which, 217.18M shares are available for trading.

Stock saw a price change of -17.16% in past 5 days and over the past one month there was a price change of -5.18%. Year-to-date (YTD), GTX shares are showing a performance of -16.65% which increased to 10.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.43 but also hit the highest price of $10.16 during that period. The average intraday trading volume for Garrett Motion Inc shares is 933.48K. The stock is currently trading -10.47% below its 20-day simple moving average (SMA20), while that difference is down -10.05% for SMA50 and it goes to -8.10% lower than SMA200.

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Garrett Motion Inc (NASDAQ: GTX) currently have 238.25M outstanding shares and institutions hold larger chunk of about 89.14% of that.

The stock has a current market capitalization of $1.82B and its 3Y-monthly beta is at 1.21. It has posted earnings per share of -$1.15 in the same period. It has Quick Ratio of 0.81. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTX, volatility over the week remained 4.78% while standing at 2.97% over the month.

Stock’s fiscal year EPS is expected to rise by 735.96% while it is estimated to increase by 11.34% in next year.

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 BWS Financial on June 03, 2021 offering a Buy rating for the stock and assigned a target price of $15 to it.

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