Genasys (NASDAQ:GNSS) Trading Up 11.3% – What’s Next?

Genasys Inc. (NASDAQ:GNSS)’s share price shot up 11.3% on Monday . The stock traded as high as $2.40 and last traded at $2.36. 720,905 shares changed hands during mid-day trading, an increase of 650% from the average session volume of 96,127 shares. The stock had previously closed at $2.12.

Analyst Ratings Changes

GNSS has been the subject of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a research report on Monday, December 29th. Ascendiant Capital Markets cut their target price on shares of Genasys from $5.75 to $5.25 and set a “buy” rating for the company in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Genasys presently has an average rating of “Hold” and an average price target of $5.25.

Genasys Stock Up 11.3%

The business’s fifty day moving average price is $2.23 and its 200 day moving average price is $2.10. The firm has a market capitalization of $106.65 million, a PE ratio of -5.90 and a beta of 0.62.

Genasys (NASDAQ:GNSS) last announced its earnings results on Tuesday, December 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $17.03 million for the quarter, compared to analyst estimates of $19.85 million. Genasys had a negative net margin of 44.44% and a negative return on equity of 267.81%. As a group, sell-side analysts forecast that Genasys Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genasys

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prospera Financial Services Inc boosted its stake in Genasys by 8.7% in the 3rd quarter. Prospera Financial Services Inc now owns 246,150 shares of the company’s stock worth $603,000 after buying an additional 19,750 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Genasys by 2.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 1,136,349 shares of the company’s stock valued at $2,784,000 after acquiring an additional 29,714 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Genasys by 170.6% during the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock worth $89,000 after acquiring an additional 32,481 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after acquiring an additional 46,452 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Genasys by 126.2% in the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after purchasing an additional 54,461 shares during the period. Hedge funds and other institutional investors own 40.04% of the company’s stock.

About Genasys

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.