Gates Industrial Corporation plc (GTES) concluded trading on Thursday at a closing price of $22.93, with 3.32 million shares of worth about $76.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.56% during that period and on December 05, 2024 the price saw a gain of about 2.23%. Currently the company’s common shares owned by public are about 254.70M shares, out of which, 243.25M shares are available for trading.
Stock saw a price change of 3.66% in past 5 days and over the past one month there was a price change of 13.29%. Year-to-date (YTD), GTES shares are showing a performance of 70.86% which increased to 87.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.22 but also hit the highest price of $22.56 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 2.74 million. The stock is currently trading 6.09% above its 20-day simple moving average (SMA20), while that difference is up 16.80% for SMA50 and it goes to 30.72% higher than SMA200.
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Gates Industrial Corporation plc (NYSE: GTES) currently have 254.70M outstanding shares and institutions hold larger chunk of about 99.62% of that.
The stock has a current market capitalization of $5.84B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 27.54, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 2.50 and has Quick Ratio of 2.11 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 1.68% while standing at 2.14% over the month.
Stock’s fiscal year EPS is expected to drop by -0.97% while it is estimated to increase by 17.29% 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 Barclays on Dec-06-24 offering an Overweight rating for the stock and assigned a target price range of between $21 and $25 to it. Coverage by Morgan Stanley stated Gates Industrial Corporation plc (GTES) stock as an Equal-weight in their note to investors on September 06, 2024, suggesting a price target of $19 for the stock. On August 19, 2024, RBC Capital Mkts Upgrade their recommendations, while on March 08, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from Jefferies on February 29, 2024.
