GNTX Stock Summary and Trading Ideas (Gentex | NASDAQ:GNTX)

Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2023 totaled about $2.3 billion with 50.6 million mirrors shipped. The unit mix breaks out as 63% interior and 37% exterior, versus 31% exterior in 2019. The company is based in Zeeland, Michigan.

Gentex trades on the NASDAQ stock market under the symbol GNTX.

As of April 18, 2024, GNTX stock price climbed to $33.58 with 1,184,311 million shares trading.

GNTX has a beta of 1.12, meaning it tends to be more sensitive to market movements. GNTX has a correlation of 0.41 to the broad based SPY ETF.

GNTX has a market cap of $7.77 billion. This is considered a Mid Cap stock.

Last quarter Gentex reported $589 million in Revenue and $.50 earnings per share. This beat revenue expectation by $30 million and exceeded earnings estimates by $.06.

In the last 3 years, GNTX stock traded as high as $37.90 and as low as $23.28.

The top ETF exchange traded funds that GNTX belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

GNTX has outperformed the market in the last year with a return of +24.4%, while the SPY ETF gained +22.3%. However, in the most recent history, GNTX shares have underperformed the stock market with its stock returning +4.1% in the last 3 month period and -6.2% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

GNTX support price is $33.14 and resistance is $33.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNTX stock will trade within this expected range on the day.