Genasys (NASDAQ:GNSS - Get Free Report) had its target price cut by stock analysts at Ascendiant Capital Markets from $6.00 to $5.50 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Ascendiant Capital Markets' price objective suggests a potential upside of 216.09% from the company's current price.
Separately, Wall Street Zen downgraded Genasys from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.
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Genasys Price Performance
GNSS stock opened at $1.74 on Friday. The firm has a 50 day moving average of $1.93 and a 200-day moving average of $2.58. The firm has a market capitalization of $78.57 million, a P/E ratio of -2.64 and a beta of 0.68. Genasys has a 12 month low of $1.54 and a 12 month high of $4.04. The company has a current ratio of 1.33, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91.
Genasys (NASDAQ:GNSS - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $6.93 million during the quarter, compared to the consensus estimate of $8.05 million. Genasys had a negative return on equity of 122.99% and a negative net margin of 109.39%. As a group, sell-side analysts predict that Genasys will post -0.23 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Genasys
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrity Wealth Advisors Inc. purchased a new position in shares of Genasys during the fourth quarter valued at approximately $17,406,000. Evernest Financial Advisors LLC raised its holdings in Genasys by 1,548.8% in the 1st quarter. Evernest Financial Advisors LLC now owns 313,267 shares of the company's stock worth $711,000 after purchasing an additional 294,267 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC bought a new position in Genasys in the 1st quarter worth $659,000. FNY Investment Advisers LLC lifted its position in shares of Genasys by 87.5% in the 1st quarter. FNY Investment Advisers LLC now owns 510,314 shares of the company's stock worth $1,158,000 after purchasing an additional 238,114 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Genasys during the 4th quarter valued at about $348,000. 40.04% of the stock is currently owned by institutional investors.
About Genasys
(
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Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.
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