Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Geospace Technologies Corp (NASDAQ: GEOS) weakened in the last week. GEOS’ current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/8/24, Geospace Technologies Corp (NASDAQ: GEOS) stock declined by -3.2%, closing at $13.54. However, this decline was accompanied by exceptionally low trading volume at 37% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
GEOS is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Geospace Technologies has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Geospace Technologies has a slightly negative Appreciation Score of 33 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
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