On 4/6/20, Geospace Technologies Corp (NASDAQ: GEOS) stock enjoyed a major increase of 21.4%, closing at $6.80. Moreover, this advance was accompanied by exceptionally high trading volume at 390% of normal. The stock has risen 16.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, GEOS is expected to be a Value Eraser.
Geospace Tech has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Geospace Tech has a neutral Appreciation Score of 58 but a poor Power Rating of 20, triggering the Negative Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.