While Generac Holdings Inc has overperformed by 0.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GNRC rose by 24.16%, with highs and lows ranging from $156.95 to $79.86, whereas the simple moving average jumped by 16.95% in the last 200 days.
On April 05, 2024, Canaccord Genuity Reiterated Generac Holdings Inc (NYSE: GNRC) to Buy. A report published by TD Cowen on February 15, 2024, Reiterated its previous ‘Outperform’ rating for GNRC. BofA Securities November 15, 2023d the rating to Neutral on November 15, 2023, and set its price target from $76 to $110. Guggenheim November 03, 2023d its ‘Neutral’ rating to ‘Buy’ for GNRC, as published in its report on November 03, 2023. Stifel’s report from November 02, 2023 suggests a price prediction of $135 for GNRC shares, giving the stock a ‘Buy’ rating. Exane BNP Paribas also rated the stock as ‘Underperform’.
Analysis of Generac Holdings Inc (GNRC)
Further, the quarter-over-quarter increase in sales is 0.15%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Generac Holdings Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 9.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.97, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GNRC is recording an average volume of 1.24M. On a monthly basis, the volatility of the stock is set at 3.92%, whereas on a weekly basis, it is put at 3.32%, with a gain of 7.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $141.95, showing growth from the present price of $137.16, which can serve as yet another indication of whether GNRC is worth investing in or should be passed over.
How Do You Analyze Generac Holdings Inc Shares?
A leading company in the Specialty Industrial Machinery sector, Generac Holdings Inc (GNRC) is based in the USA. When comparing Generac Holdings Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 37.80, there is a growth in quarterly earnings of 610.40%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.71%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.94% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GNRC shares are owned by institutional investors to the tune of 84.94% at present.
