The stock of Gentherm Inc (NASDAQ:THRM) hit a new 52-week low and has $27.17 target or 5.00% below today’s $28.60 share price. The 5 months bearish chart indicates high risk for the $1.04B company. The 1-year low was reported on Oct, 18 by Barchart.com. If the $27.17 price target is reached, the company will be worth $52.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 305,234 shares traded hands. Gentherm Inc (NASDAQ:THRM) has declined 23.77% since March 15, 2016 and is downtrending. It has underperformed by 29.25% the S&P500.
Analysts await Gentherm Inc (NASDAQ:THRM) to report earnings on November, 3. They expect $0.61 earnings per share, down 19.74% or $0.15 from last year’s $0.76 per share. THRM’s profit will be $22.18 million for 11.72 P/E if the $0.61 EPS becomes a reality. After $0.50 actual earnings per share reported by Gentherm Inc for the previous quarter, Wall Street now forecasts 22.00% EPS growth.
Gentherm Inc (NASDAQ:THRM) Ratings Coverage
Out of 4 analysts covering Gentherm Inc (NASDAQ:THRM), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Gentherm Inc has been the topic of 5 analyst reports since July 29, 2016 according to StockzIntelligence Inc. Argus Research downgraded the stock to “Hold” rating in Friday, September 23 report. The rating was upgraded by FBR Capital on Thursday, October 13 to “Outperform”. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, July 29 report. Roth Capital downgraded the stock to “Neutral” rating in Friday, July 29 report. The rating was downgraded by Buckingham Research to “Neutral” on Friday, July 29.
According to Zacks Investment Research, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan.”
More important recent Gentherm Inc (NASDAQ:THRM) news were published by: Benzinga.com which released: “A Weaker Outlook For Gentherm Drives Argus To Downgrade” on September 23, 2016, also Prnewswire.com published article titled: “Gentherm Announces Two New Board Of Director Nominees”, Prnewswire.com published: “Gentherm Announces Acquisition Of Cincinnati Sub-Zero Products” on March 31, 2016. More interesting news about Gentherm Inc (NASDAQ:THRM) was released by: Nasdaq.com and their article: “Gentherm is Now Oversold (THRM)” with publication date: September 09, 2016.
THRM Company Profile
Gentherm Incorporated (Gentherm), incorporated on March 23, 2005, is a global technology firm engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Firm has two divisions: Automotive and Industrial. The Company’s automotive products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, and other consumer and industrial temperature control needs. The Firm also focuses on developing design applications from its existing technologies to create products and market opportunities for thermal comfort solutions. The Company’s products include Climate Control Seats (CCSs), Heated Seats, Battery Thermal Management (BTM) solutions, remote electric power generation systems, heated and cooled cup holder, thermal storage bin, Heated Steering Wheel, Heated Door and Armrest, and Heated and Cooled Mattress.
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