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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Gates Industrial Corporation plc (GTES)
Industry: Specialty Industrial Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, GTES has been trading in a range between $17.55 and $15.22 (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 breaking above top of the recent 20 day range at $17.84 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. 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 10 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $15.93, a potential down side of -10.71% from the recent price of 17.84. The stock is trading 0.78% (potential upside) below its 52 week high of $17.98 and 67.04 % (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, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels.
News
| Gates Industrial Announces Time Change for Second-Quarter 2024 Conference Call DENVER , July 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its second-quarter 2024 webcast and conference call from 10 a.m. Eastern time to 9 a.m. Source: PRNewsWire Wed, 17 Jul 2024 16:30:00 -0400 Sentiment: Neutral |
| Top 3 Industrials Stocks That Could Sink Your Portfolio This Month As of July 17, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. Source: Benzinga Wed, 17 Jul 2024 09:05:59 -0400 Sentiment: Negative |
| Abercrombie & Fitch Set to Join S&P MidCap 400; Gates Industrial to Join S&P SmallCap 600 NEW YORK , July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE: EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Source: PRNewsWire Tue, 16 Jul 2024 17:45:00 -0400 Sentiment: Neutral |
| Gates Industrial Announces Second-Quarter 2024 Earnings Release Date DENVER , July 9, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its second-quarter earnings release before the market opens on Wednesday, July 31, 2024. Management will host a webcast and conference call on the same day at 10:00 a.m. Source: PRNewsWire Tue, 09 Jul 2024 16:30:00 -0400 Sentiment: Neutral |
| Gates (GTES) vs. Sterling (STRL): Which is a More Profitable Pick? Amid macroeconomic headwinds, the public sector is encouraging for the industry. Let's find out whether Gates (GTES) or Sterling (STRL) is a better Engineering - R and D Services stock. Source: Zacks Investment Research Thu, 20 Jun 2024 13:05:23 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 17.985 52 Week Low: 10.68 Beta: 1.446 50 Day MA: 16.625 200 Day MA: 14.7006 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.682 Qtr Revenue Growth YOY: -0.039 Forward PE: 12.4688 Trailing PE: 19.8222