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Last Price: 12.25 - Change: 0.07 - Change %: 0.5747
12/07/2023 16:10:00 EST

Gates Industrial Corporation plc (GTES)

Industry: Specialty Industrial Machinery

Price Support Resistance

In the past 30 trading days, GTES has been trading in a range between $12.28 and $10.75 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

GTES is trading between resistance at $13.20 about 8% to the upside and support at $12.13 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $14.09, about a 15% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Gates Industrial Corporation plc (GTES) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.667, which is a Buy. The current analyst target price is $15.93, which gives it a potential upside of 30.04 % from the recent price of 12.25. The stock is trading 21.88% (potential upside) below its 52 week high of $14.93 and 14.7 % (potential downside) above its 52 week low of $10.68 - based on the recent price.

Company Summary

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels.

GTES Website


Wall Street Analysts Believe Gates Industrial (GTES) Could Rally 28.79%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 28.8% in Gates Industrial (GTES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Source: Zacks Investment Research
Fri, 01 Dec 2023 11:18:25 -0500
Sentiment: Positive
Are Investors Undervaluing Gates Industrial (GTES) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Source: Zacks Investment Research
Wed, 29 Nov 2023 11:19:29 -0500
Sentiment: Positive
Earnings Estimates Moving Higher for Gates Industrial (GTES): Time to Buy?
Gates Industrial (GTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Source: Zacks Investment Research
Thu, 16 Nov 2023 13:32:13 -0500
Sentiment: Positive
Does Gates Industrial (GTES) Have the Potential to Rally 33.81% as Wall Street Analysts Expect?
The consensus price target hints at a 33.8% upside potential for Gates Industrial (GTES). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Source: Zacks Investment Research
Wed, 15 Nov 2023 11:17:23 -0500
Sentiment: Positive
Gates Industrial (GTES) Is Attractively Priced Despite Fast-paced Momentum
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Gates Industrial (GTES) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Source: Zacks Investment Research
Wed, 15 Nov 2023 10:34:34 -0500
Sentiment: Positive
Instituions Institution %: 101.813
Last QTR Institution change: -2316383

Insiders %: 1.795
Insiders Purchases last QTR: 50000
Insiders Sales last QTR: 65059634
Insiders Net last QTR: -65009634

Analyst Ratings
Target Price: 15.93
Overall Rating: 3.6667
Strong Buys (5): 3
Buys (4): 0
Holds (3): 6
Sells (2): 0
Strong Sells (1): 0

52 Week Hi: 14.93
52 Week Low: 10.68
Beta: 1.509
50 Day MA: 11.5314
200 Day MA: 12.5785

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.609
Qtr Revenue Growth YOY: 0.014
Forward PE: 8.7032
Trailing PE: 13.3846

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