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Friday, December 9, 2022

When Will Geospace Technologies Corporation (GEOS) Slow Down

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Geospace Technologies Corporation (GEOS) shares are trading at lower $5.90.

To add more color to this target, the company’s high over the last year is $17.66 and the low is $4.61. Over the last 52 weeks, GEOS is down -58.51% while the S&P 500 is up 17.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GEOS reported a profit of 3.03 million. Geospace Technologies Corporation also saw revenues decrease to $13.53 million. In addition, GEOS has free cash flow of $9.72 million as of 09-2020. The company’s EBITDA came in at $2.23 million which compares well with its peers.

GEOS booked profit margins of -21.90%, its Return on Equity (ROE) is -11.50%, and its Return on Assets is -10.00%. All told, it is clear that, GEOS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GEOS has a short ratio of 4.09 and outstanding shares of 13.55M.

Company Outlook

GEOS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.27 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.42. Geospace Technologies Corporation GEOS also noted assets of $186.84 million at the end of the last quarter. Investors should also keep an eye on sector updates as GEOS has historically followed its peers on positive news.

All told, Geospace Technologies Corporation GEOS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GEOS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Geospace Technologies Corporation GEOS is now commanding a market cap of 94.16M and a float of 13.10M. GEOS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GEOS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GEOS, either long or short, and we have not been compensated for this article.

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