GEOS Stock Summary and Trading Ideas (Geospace Technologies | NASDAQ:GEOS)

Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Canada, Europe, South America and others with more than half of revenue generated within the United States.

Geospace Technologies trades on the NASDAQ stock market under the symbol GEOS.

As of April 24, 2024, GEOS stock price declined to $12.48 with 33,095 million shares trading.

GEOS has a beta of -0.27, meaning it tends to be less sensitive to market movements. GEOS has a correlation of 0.00 to the broad based SPY ETF.

GEOS has a market cap of $166.20 million. This is considered a Micro Cap stock.

In the last 3 years, GEOS stock traded as high as $17.09 and as low as $3.76.

The top ETF exchange traded funds that GEOS belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, DFSV.

GEOS has outperformed the market in the last year with a return of +62.3%, while the SPY ETF gained +24.1%. However, in the most recent history, GEOS shares have underperformed the stock market with its stock returning -17.6% in the last 3 month period and -5.0% for the last 2 week period, while SPY has returned +4.5% and -1.7%, respectively.

GEOS support price is $12.09 and resistance is $12.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GEOS stock will trade within this expected range on the day.