Streetbeat News

GTX

Garrett Motion Inc.

https://www.garrettmotion.com

Industry

Auto - Parts

Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions. It offers its products in the aftermarket through distributors. Garrett Motion Inc. was incorporated in 2018 and is headquartered in Rolle, Switzerland.

Open

7.80

Mkt cap

1.7B

Volume

192K

High

7.84

P/E Ratio

6.39

52-wk high

10.16

Low

7.74

Div yield

N/A

52-wk low

7.13

Ultragenyx presented positive Phase 1/2 data for GTX-102, a treatment for Angelman Syndrome, at FAST's 17th Annual Global Science Summit. The data showed improvements across all domains, confirming that the Phase 3 Aspire study is well-powered to establish efficacy.

Portfolio Pulse from

November 09, 2024 | 3:45 pm

BWS Financial analyst Hamed Khorsand has reiterated a Buy rating for Garrett Motion (NASDAQ:GTX) and maintained a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 1:35 pm

Garrett Motion Inc. (NASDAQ:GTX) reported a 14% decline in Q3 sales, missing expectations, and lowered its FY24 sales guidance due to weak vehicle demand and industry challenges. The company's shares fell 7.58% following the announcement.

Portfolio Pulse from Lekha Gupta

October 24, 2024 | 3:46 pm

IBM and several other major stocks, including ICON, Garrett Motion, Beyond, Carrier Global, and Spirit Airlines, experienced declines in pre-market trading due to disappointing third-quarter financial results.

Portfolio Pulse from Avi Kapoor

October 24, 2024 | 12:34 pm

Garret Motion's shares declined following disappointing Q3 sales results and lower-than-expected FY24 net sales guidance.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:20 pm

Garrett Motion has projected its fiscal year 2024 net sales to be between $3.4 billion and $3.5 billion, which is below the estimated $3.56 billion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:59 am

Garrett Motion reported Q3 sales of $826 million, missing the estimated $851 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:57 am

Tesla shares surged by 10.8% in pre-market trading after reporting better-than-expected Q3 earnings. Several other stocks also showed significant pre-market movements, including CCSC Technology, Mobile-health Network Solutions, and CNS Pharmaceuticals among gainers, while SaverOne 2014 and Gold Resource Corporation were among the losers.

Portfolio Pulse from Avi Kapoor

October 24, 2024 | 10:21 am

Garrett Motion (NASDAQ:GTX) is set to release its quarterly earnings report on October 24, 2024. Analysts expect an EPS of $0.29. The company's past performance shows a positive market reaction when estimates are surpassed. Investors are keen on both the earnings and future guidance.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:02 pm

Garrett Motion Inc. and SinoTruk have signed a Letter of Intent to collaborate on developing advanced electric powertrains for commercial vehicles, aiming for mass production by 2027.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:25 pm

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