Gentherm Inc (THRM) Formed Bearish Ascending Triangle; Sellers Are Thriving

July 17, 2017 - By Marie Mckinney

The stock of Gentherm Inc (THRM) formed an ascending triangle with $36.64 target or 8.00 % below today’s $39.83 share price. The 6 months triangle pattern indicates high risk for the $1.47 billion company. If the $36.64 price target is reached, the company will be worth $117.60M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 62,939 shares traded. Gentherm Inc (NASDAQ:THRM) has risen 4.10% since July 17, 2016 and is uptrending. It has underperformed by 12.60% the S&P500.

Analysts await Gentherm Inc (NASDAQ:THRM) to report earnings on July, 27. They expect $0.60 EPS, up 20.00 % or $0.10 from last year’s $0.5 per share. THRM’s profit will be $22.14 million for 16.60 P/E if the $0.60 EPS becomes a reality. After $0.69 actual EPS reported by Gentherm Inc for the previous quarter, Wall Street now forecasts -13.04 % negative EPS growth.

Gentherm Inc (NASDAQ:THRM) Ratings Coverage

Among 6 analysts covering Gentherm Inc (NASDAQ:THRM), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Gentherm Inc had 9 analyst reports since July 29, 2016 according to SRatingsIntel. FBR Capital maintained it with “Mkt Perform” rating and $42 target in Friday, July 29 report. The firm earned “Outperform” rating on Friday, January 13 by Barrington Research. The stock of Gentherm Inc (NASDAQ:THRM) has “Hold” rating given on Friday, September 23 by Argus Research. As per Thursday, October 13, the company rating was upgraded by FBR Capital. The firm has “Neutral” rating given on Friday, July 29 by Buckingham Research. Roth Capital downgraded the shares of THRM in report on Friday, July 29 to “Neutral” rating. The rating was maintained by FBR Capital with “Buy” on Thursday, June 29. The firm has “Buy” rating by FBR Capital given on Wednesday, May 31.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.