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Gentex (GNTX) is a Top-Ranked Momentum Stock: Should You Buy?

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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Gentex (GNTX)

Zeeland, MI-based Gentex Corporation is engaged in supplying automatic-dimming rear-view mirrors and electronics to the automotive industry; fire protection products to the fire protection market and dimmable aircraft windows to the aviation market.

GNTX boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Gentex has seen some interesting price action recently; the stock is up 1.1% over the past one week and up 3.3% over the past four weeks. And in the last one-year period, GNTX has gained 36.5%. As for the stock's trading volume, 1,376,953.25 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For GNTX, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.16 per share for 2024. GNTX boasts an average earnings surprise of 12.2%.

Investors should take the time to consider GNTX for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Gentex Corporation (GNTX) : Free Stock Analysis Report

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