Geospace Technologies Corp (NASDAQ: GEOS) has reported a loss for its third fiscal quarter (ending June 30) of $-0.16 versus $0.25 for the same period a year ago — a decline of -164%. E.P.S. were $0.81 for the latest four quarters through June 30 versus $-0.03 for the same period a year ago.
Recent Price Action
On 8/8/24, Geospace Technologies Corp (NASDAQ: GEOS) stock enjoyed a large increase of 3.0%, closing at $8.37. However, exceptionally low trading volume at 31% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months and has declined -10.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GEOS is expected to be a modest Value Builder.
Geospace Technologies 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 Technologies has a neutral Appreciation Score of 55 but a very low Power Rating of 10, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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