Live Price Coverage: Is Selling 52-Week Stock Like Gentherm Inc a Winning Strategy?

Live Price Coverage: Is Selling 52 Week Stock Like Gentherm Inc a Winning Strategy?

The stock of Gentherm Inc (NASDAQ:THRM) hit a new 52-week low and has $25.65 target or 7.00% below today’s $27.58 share price. The 6 months bearish chart indicates high risk for the $985.14M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $25.65 price target is reached, the company will be worth $68.96 million 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 460,593 shares traded hands or 9.49% up from the average. Gentherm Inc (NASDAQ:THRM) has declined 28.86% since March 28, 2016 and is downtrending. It has underperformed by 33.57% 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 $21.79M for 11.30 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. The stock of Gentherm Inc (NASDAQ:THRM) has “Hold” rating given on Friday, September 23 by Argus Research. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29. Roth Capital downgraded the shares of THRM in a report on Friday, July 29 to “Neutral” rating. The rating was upgraded by FBR Capital on Thursday, October 13 to “Outperform”. The stock of Gentherm Inc (NASDAQ:THRM) earned “Neutral” rating by Buckingham Research 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 news for Gentherm Inc (NASDAQ:THRM) were recently published by: Prnewswire.com, which released: “Gentherm Reports 2016 First Quarter Results” on April 28, 2016. Benzinga.com‘s article titled: “A Weaker Outlook For Gentherm Drives Argus To Downgrade” and published on September 23, 2016 is yet another important article.

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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