How to Buy Gentex Stock
Gentex Corp
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally.
Gentex stock last closed at $27.29, up 1.68% from the previous day, and has decreased 12.02% in one year. It has underperformed other stocks in the Auto Parts industry by 0.09 percentage points. Gentex stock is currently +17.24% from its 52-week low of $23.28, and -12.89% from its 52-week high of $31.33.
At the moment, there are 233.7M shares of GNTX outstanding. The market cap of GNTX is $6.38B. In the past 24 hours, 1.15M GNTX shares were traded.
How to Buy Gentex Stock
Wondering how to invest in Gentex stock? Here's how.
- Choose where to buy Gentex stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Gentex stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your details.
- Research Gentex stock: The Gentex ticker symbol is GNTX. Is Gentex stock a good investment? Should you buy shares of GNTX? How do GNTX's underlying business fundamentals look? Do top analysts think Gentex is a good buy? Why has GNTX's stock price moved recently? (Hint: Our stock market research website can help you understand if GNTX is a good stock to buy).
- Make your GNTX trade: Decide if you will purchase GNTX shares at the current market price or use a limit order to buy GNTX shares at a specific price.
- Get key alerts regarding your investment in GNTX: Create a watchlist to important notifications about your new investment in Gentex stock.
Step 1: Choose where to buy Gentex stock
You will need an online brokerage account to access the NASDAQ market and buy GNTX stock.
Our recommended brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
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Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal info so you can buy GNTX today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal info to start a new brokerage account.
- Send your data by pressing the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have finished signing up on apps for stock market, you can securely and quickly fund your account:
Watch the tutorial below for more details depositing funds into your new investment account.
Step 4: Research Gentex stock
After you have identified the best place to buy Gentex stock, it's crucial to evaluate their stock prior to buying, so you actually understand the risk and opportunity.
Gentex stock at a glance
Gentex Overview
WallStreetZen was designed to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on GNTX's stock page.
Is GNTX stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge GNTX's fair value.
Using relative valuations metrics:
- GNTX may be undervalued based on its P/E ratio of 19.35x, relative to Auto Parts industry P/E ratio of 50.6x
- GNTX may be overvalued based on its P/B ratio of 3x, relative to Auto Parts industry P/B ratio of 1.99x
You can do more valuation analysis on GNTX's stock here.
Is GNTX a healthy company?
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the GNTX balance sheet.
- GNTX earnings of $382.42M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the GNTX balance sheet.
- GNTX has a low debt to equity ratio of 0.15.
- GNTX's operating cash flow of $343.16M allows it to safely service it's debt of $0.00.
Failed Financial Due Diligence Checks:
- GNTX profit margin has gone down from 19.5% to 16.4% in the past year.
- Total GNTX debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Gentex stock
Out of 1 sell side analysts who track GNTX, the consensus analyst rating on GNTX is a Hold
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest GNTX Analyst Recommendations
Mark Delaney, a top 5% analyst from Goldman Sachs upgrades GNTX to a hold rating and raises their GNTX price target from $24.00 to $26.00, on Dec 14, 2022.
You can dig deeper into what analysts are forecasting on the Gentex stock forecast page.
GNTX Trading Indicators
GNTX Revenue
Last year, GNTX earnings were $328.81M. In the last five year, GNTX's earnings have increased by -0.96% per year. This was slower than the Auto Parts industry average of 2.92%.
Last year, GNTX revenue was $2.00B. Over the last 5 year, GNTX's revenue has grown by 2.07% per year. This was slower than the Auto Parts industry average of 5.36%.
You can research GNTX's earnings and revenue performance here.
What are GNTX insiders up to?
Over the last year, insiders at GNTX have sold more shares than they have bought.
Gary F. Goode, Director of GNTX, was the latest GNTX insider to sell. They sold $124,835.90 worth of GNTX shares on May 19, 2023.
Learn more about who owns GNTX shares here.
Does GNTX stock generate passive income?
Gentex pays a dividend of 1.76%, compared to the Auto Parts industry's average dividend yield of 2.56%. If you owned $1,000 of GNTX stock, you would have received $17.59 in the past year.
Gentex dividend payments have consistently grown over the past decade but have not remained stable.
Get more data about Gentex dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your GNTX trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Press the Open button and eToro will execute your order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in GNTX
Now that you own some GNTX stock, you'll want to keep up with your investment.
Put GNTX on a watchlist to get notified of the latest news about your GNTX stock.
GNTX Feed
How to Buy Stock in Gentex
To reiterate, here are the 6 steps to buy stock in Gentex:
- Choose where to buy Gentex stock
- Create a brokerage account
- Put funds into your investment account
- Research Gentex stock
- Make your GNTX trade
- Get key alerts regarding your investment in GNTX
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Gentex, create a watchlist on WallStreetZen today.
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