Gates Industrial Corporation plc (GTES) concluded trading on Wednesday at a closing price of $18.92, with 4.56 million shares of worth about $86.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.94% during that period and on April 30, 2025 the price saw a gain of about 5.23%. Currently the company’s common shares owned by public are about 255.20M shares, out of which, 253.16M shares are available for trading.
Stock saw a price change of 8.86% in past 5 days and over the past one month there was a price change of 2.77%. Year-to-date (YTD), GTES shares are showing a performance of -8.02% which increased to 6.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.70 but also hit the highest price of $23.85 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 2.91 million. The stock is currently trading 9.35% above its 20-day simple moving average (SMA20), while that difference is down -0.46% for SMA50 and it goes to -1.53% lower than SMA200.
Gates Industrial Corporation plc (NYSE: GTES) currently have 255.20M outstanding shares and institutions hold larger chunk of about 106.32% of that.
The stock has a current market capitalization of $4.88B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 25.65, while it has posted earnings per share of $0.74 in the same period. Its PEG reads 2.73 and has Quick Ratio of 2.26 while making debt-to-equity ratio of 0.83. 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 4.18% while standing at 6.15% over the month.
Stock’s fiscal year EPS is expected to rise by 1.95% while it is estimated to increase by 16.26% in next year. EPS is likely to grow at an annualized rate of 9.39% for next 5-years, compared to annual growth of -20.79% 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 December 05, 2024 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.
