Genie Energy Ltd (NYSE: GNE) has reported E.P.S. of $-0.92 for its fourth fiscal quarter (ending December 31) versus $0.45 for the same period a year ago — a decline of -304%. For the latest four quarters through December 31, E.P.S. were $0.50 versus $2.34 for the same period a year ago — a decline of -79%.
Recent Price Action
Genie Energy Ltd (NYSE: GNE) stock closed at $17.15 on 3/11/24 after a large decline of -9.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 221% of normal. The stock has declined -6.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GNE is expected to continue to be a major Value Builder.
Genie Energy has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Genie Energy has a neutral Appreciation Score of 54 but a very high Power Rating of 93, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment