Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Garrett Motion Inc before investing.

In this article, we go over a few key elements for understanding Garrett Motion Inc’s stock price such as:

• Garrett Motion Inc’s current stock price and volume
• Why Garrett Motion Inc’s stock price changed recently
• Upgrades and downgrades for GTX from analysts
• GTX’s stock price momentum as measured by its relative strength

About Garrett Motion Inc (GTX)

Before we jump into Garrett Motion Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Garrett Motion Inc is a Switzerland-based automotive technology company. The Company designs, manufactures and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the aftermarket. The Company offers turbochargers for gasoline, diesel, natural gas and electrified (hybrid and fuel cell) powertrains. In addition, the Company provides products and services for the connected vehicle market, including software focused on automotive cybersecurity and integrated vehicle health management (IVHM). The Company has a number of research and development (R&D;) centers, engineering facilities and factories around the world, as well as a global distribution network. It is a spin-off of Honeywell International Inc.

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Garrett Motion Inc’s Stock Price as of Market Close

As of June 24, 2024, 4:00 PM, CST, Garrett Motion Inc’s stock price was $8.76.

Garrett Motion Inc is up 4.91% from its previous closing price of $8.35.

During the last market session, Garrett Motion Inc’s stock traded between $8.32 and $8.48. Currently, there are 236.66 million shares of Garrett Motion Inc stock available for purchase.

Unfortunately, Garrett Motion Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Garrett Motion Inc Stock Price History

Garrett Motion Inc’s (GTX) price is currently down 3.52% so far this month.

During the month of June, Garrett Motion Inc’s stock price has reached a high of $9.38 and a low of $8.32.

Over the last year, Garrett Motion Inc has hit prices as high as $10.16 and as low as $6.43. Year to date, Garrett Motion Inc’s stock is up 14.96%.

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What Caused Garrett Motion Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 21, 2024, there were 2 analysts who downgraded Garrett Motion Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Garrett Motion Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Garrett Motion Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Garrett Motion Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Garrett Motion Inc (GTX) by visiting AAII Stock Evaluator.

Relative Price Strength of Garrett Motion Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 21, 2024, Garrett Motion Inc has a weighted four-quarter relative price strength of -5.91%, which translates to a Momentum Score of 49 and is considered to be Average.

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Garrett Motion Inc Stock Price: Bottom Line

As of June 24, 2024, Garrett Motion Inc’s stock price is $8.76, which is up 4.91% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Garrett Motion Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.