GNSS Stock Summary and Trading Ideas (Genasys | NASDAQ:GNSS)

Genasys Inc is a provider of critical communications solutions designed to help keep people safe. The company is engaged in the design, development, and commercialization of directed and multidirectional sound technologies, voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. Its operating segment includes Hardware and Software. The company generates maximum revenue from the Hardware segment. Geographically, it derives a majority of revenue from the Americas region and also has its presence in the Asia Pacific and Europe, Middle East and Africa.

Genasys trades on the NASDAQ stock market under the symbol GNSS.

As of April 19, 2024, GNSS stock price declined to $1.99 with 20,302 million shares trading.

GNSS has a beta of 1.54, meaning it tends to be more sensitive to market movements. GNSS has a correlation of 0.08 to the broad based SPY ETF.

GNSS has a market cap of $87.61 million. This is considered a Micro Cap stock.

Last quarter Genasys reported $4 million in Revenue and -$.15 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.05.

In the last 3 years, GNSS stock traded as high as $7.30 and as low as $1.51.

The top ETF exchange traded funds that GNSS belongs to (by Net Assets): VTI, VXF, IWC.

GNSS has underperformed the market in the last year with a price return of -28.7% while the SPY ETF gained +21.2%. However, in the short term, GNSS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.4% vs +3.0% return in SPY. But in the last 2 weeks, GNSS shares have been beat by the market, returning -15.0% compared to an SPY return of -4.5%.

GNSS support price is $1.94 and resistance is $2.16 (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 GNSS stock will trade within this expected range on the day.