On 5/6/24, Geospace Technologies Corp (NASDAQ: GEOS) stock enjoyed a major increase of 10.2%, closing at $13.89. Moreover, this advance was accompanied by unusually high trading volume at 166% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.9% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Geospace Technologies has a slightly negative Appreciation Score of 37 but a good Power Rating of 71, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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