Gates Industrial Corporation plc (GTES) concluded trading on Thursday at a closing price of $17.33, with 2.27 million shares of worth about $39.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.52% during that period and on October 10, 2024 the price saw a loss of about -0.57%. Currently the company’s common shares owned by public are about 264.26M shares, out of which, 257.68M shares are available for trading.
Stock saw a price change of 0.12% in past 5 days and over the past one month there was a price change of 3.83%. Year-to-date (YTD), GTES shares are showing a performance of 29.14% which increased to 51.88% 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 $19.07 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 3.46 million. The stock is currently trading -0.90% below its 20-day simple moving average (SMA20), while that difference is up 0.53% for SMA50 and it goes to 7.20% 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 78.15% of that.
The stock has a current market capitalization of $4.88B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 18.33, while it has posted earnings per share of $0.95 in the same period. Its PEG reads 1.67 and has Quick Ratio of 2.20 while making debt-to-equity ratio of 0.77. 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 1.68% while standing at 2.20% over the month.
Stock’s fiscal year EPS is expected to drop by -3.50% while it is estimated to increase by 18.53% 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 Morgan Stanley on September 06, 2024 offering an Equal-weight rating for the stock and assigned a target price of $19 to it. Coverage by RBC Capital Mkts stated Gates Industrial Corporation plc (GTES) stock as an Outperform in their note to investors on August 19, 2024, suggesting a price target of $22 for the stock. On March 08, 2024, Wolfe Research Upgrade their recommendations, while on February 29, 2024, Jefferies Initiated their ratings for the stock with a price target of $21. Stock get an Overweight rating from KeyBanc Capital Markets on February 22, 2024.
