On June 20, 2023, an intriguing development occurred for Generac Hldgs (NYSE:GNRC). A significant position appeared on the options history, indicating a bearish outlook from either a wealthy individual or an institution. This type of occurrence often suggests insider knowledge of an impending event. Benzinga’s options scanner detected an unusual 13 options trades for Generac Hldgs, which is not a typical occurrence. However, it is crucial to keep in mind that this information is limited and does not provide a complete understanding of the situation. Additionally, options trading can be a complex and risky endeavor, so retail traders should proceed with caution when making investment decisions based on limited information.
GNRC Stock Performance and Financials on June 20, 2023
On June 20, 2023, GNRC Stock opened at $119.71, slightly higher than the previous close of $119.42. Throughout the day, the stock had a wide range, trading between $119.49 and $129.64. The trading volume was 2,146,012 shares, higher than the average volume of 1,151,170 shares over the past three months. The market capitalization of Generac Holdings Inc. (GNRC) was $7.4B.
GNRC is a producer manufacturing company in the electrical products industry. The P/E ratio for GNRC was 33.0, and the price/sales and price/book ratios were 1.43 and 3.25, respectively.
GNRC’s stock price change on June 20, 2023, was +1.39, representing a +0.92% increase in the stock price.
GNRC’s next reporting date is on July 26, 2023, with an EPS forecast of $1.16. The company’s annual revenue for the last year was $4.6B, with a net profit margin of 7.67%. GNRC’s corporate headquarters is located in Waukesha, Wisconsin.
In conclusion, GNRC’s stock had a positive performance on June 20, 2023, with a slight increase in the stock price. The company’s financials show strong revenue growth, but its earnings growth has declined over the past year. However, analysts predict a positive earnings growth rate over the next five years.
Generac Holdings Inc. Stock Price Expected to Increase by 11.76% in Next 12 Months, According to Analysts
Generac Holdings Inc, a leading manufacturer of backup power generation products, has been performing well in the stock market. As of June 20, the company’s stock price was at $128.85. However, according to the 20 analysts offering 12-month price forecasts for GNRC, the median target price is $144.00. This indicates that there is a potential increase of 11.76% in the company’s stock price in the next 12 months.
The high estimate of $185.00 and the low estimate of $85.00 show a wide range of opinions among analysts regarding the future performance of GNRC stock. However, the median estimate is a positive sign for investors, indicating that the company is expected to perform well in the coming months.
The current consensus among 26 polled investment analysts is to buy GNRC stock. This rating has remained unchanged since May, indicating that the company has maintained its positive outlook in the stock market. This sentiment is further supported by the company’s current quarter earnings per share of $1.16 and sales of $979.5M. These figures indicate that the company is performing well in terms of revenue and profitability.
Investors can expect to receive more information about the company’s performance when Generac Holdings Inc reports its earnings on July 26. This report will provide a more detailed analysis of the company’s financial performance and may impact the company’s stock price in the short term.
In conclusion, Generac Holdings Inc has been performing well in the stock market, with a positive outlook from analysts and a potential increase in stock price in the next 12 months. The company’s strong financial performance is a positive sign for investors, and the upcoming earnings report will provide more insight into the company’s future prospects.
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