How have the shares performed?
Garrett Motion Inc. (GTX) saw downtrend of -0.49% in the recent trading with $8.07 being its most recent. The current price level -9.33% lower than the highest price of $8.90 marked by the stock while trading over the past 52-weeks, whereas it is 520.77% higher than the lowest price of $1.30 the company dropped to over past 52-weeks. The latest news story on GTX appeared in GlobeNewswire under the title “Garrett Motion to Expand Production Facility in Wuhan, China” on Jun-07-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -9.33% below one month high and is +31.22% above of the lowest during that time.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Garrett Motion Inc. Earnings – What Happened With GTX
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Garrett Motion Inc. (GTX) last released financial results for the quarter that ended 6/29/2020, posting a surprise factor of 77.40% for net revenue. During the reported three-month period, company’s sales were $997.0 million while analysts on average were estimating the same to be $689.64 million.
GTX – Garrett Motion Inc. Stock Earnings Estimates
The perspective of Garrett Motion Inc. (NASDAQ:GTX)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.53 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.12.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 75.91 million. GTX does have institutional investors; and they hold 72.50% of the stock.
Garrett Motion Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 35 new insider purchases involving 1,305,953 shares. On the other hand, GTX declared 2,231,559 shares have been sold in 49 insider transactions over the past three months.
As on Mar 30, 2021, Jet Capital Investors, L.P. was the top most holder in Garrett Motion Inc. (NASDAQ:GTX) with an ownership of 0.68 million shares of the company or 1.04% of the stake worth $3.5 million. The filing also reveals Tudor Investment Corporation as the second largest holder in the company with a control over 0.06% of the outstanding shares. Its stake is worth $0.19 million for having 36738.0 shares in hand.
Knuff & Company, LLC also came holding a key position in the company during the recent quarter and it now holds 0.05% of the outstanding shares. With this there are now 97 institutions which have possession in GTX’s shares.
Currently, the stock has been recommended as Moderate Buy by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.