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 $27.26, up 1.49% from the previous day, and has decreased 15.81% in one year. It has underperformed other stocks in the Auto Parts industry by 0.06 percentage points. Gentex stock is currently +2.58% from its 52-week low of $26.58, and -27.45% from its 52-week high of $37.58.
At the moment, there are 227.43M shares of GNTX outstanding. The market cap of GNTX is $6.20B. In the past 24 hours, 1.84M 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
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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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
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 overvalued based on its P/E ratio of 14.42x, relative to Auto Parts industry P/E ratio of 9.78x
- GNTX may be overvalued based on its P/B ratio of 2.56x, relative to Auto Parts industry P/B ratio of 1.55x
- GNTX may be overvalued based on its PEG ratio of 1.54x
You can do additional valuation research on GNTX's stock here.
A look at GNTX Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- GNTX profit margin has gone up from 18% to 18.4% in the past year.
- GNTX earnings of $510.34M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the GNTX balance sheet.
- There are more short-term assets than short-term liabilities on the GNTX balance sheet.
- GNTX's operating cash flow of $513.40M allows it to safely service it's debt of $0.00.
- GNTX has a low debt to equity ratio of 0.13.
Failed Financial Due Diligence Checks:
- Total GNTX debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy GNTX stock
Out of 7 Wall Street analysts who track GNTX, the consensus analyst rating on Gentex is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent GNTX Analyst Forecasts
Josh Nichols, a bottom 2% analyst from B. Riley Securities maintains GNTX with a strong buy rating and lowers their GNTX price target from $44.00 to $41.00, on Jul 29, 2024.
Ryan Brinkman, a bottom 1% analyst from JP Morgan maintains GNTX with a hold rating and lowers their GNTX price target from $36.00 to $35.00, on Jul 22, 2024.
You can dive deeper into what analysts are saying on the Gentex stock forecast page.
Metrics for Advanced GNTX Traders
How are GNTX Revenues/Earnings doing?
Last year, GNTX earnings were $433.76M. During the last five year, GNTX's earnings have gone up by 2.51% per year. This was slower than the Auto Parts industry average of 6.19%.
Last year, GNTX revenue was $2.36B. During the past 5 year, GNTX's revenue has increased by 4.79% per year. This was slower than the Auto Parts industry average of 5.77%.
You can research GNTX's earnings and revenue performance here.
Who is buying/selling GNTX?
Over the last 12 months, executives and large shareholders at GNTX have sold more shares than they have bought.
Joseph B. Anderson Jr., Director of GNTX, was the latest GNTX insider to sell. They sold $162,503.93 worth of GNTX stock on May 20, 2024.
Learn more about who owns GNTX stock here.
Can I rely on GNTX as an income stream?
Gentex pays a dividend of 1.32%, compared to the Auto Parts industry's average dividend yield of 4.08%. If you owned $1,000 of GNTX stock, you would have received $13.21 last year.
Gentex dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about Gentex dividend yield and history here.
What do other investors have to say about GNTX?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your GNTX trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open button and your broker will execute your order.
If you want additional info about investing in stocks on eToro, click the helpful 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 new shares.
Add GNTX to a watchlist to track your GNTX stock.
GNTX Feed
How to Buy Stock in Gentex
To summarize, here are the 6 steps for buying Gentex stock:
- 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 account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Gentex, add GNTX to your watchlist by clicking the button below.
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