GEE Group Inc. (JOB) expanding its growth trajectory ahead

GEE Group Inc. (AMEX: JOB) stock fell -3.14% on Monday to $0.48 against a previous-day closing price of $0.50. With 0.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $0.5011 whereas the lowest price it dropped to was $0.4810. The 52-week range on JOB shows that it touched its highest point at $0.80 and its lowest point at $0.46 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 1.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JOB was down-trending over the past week, with a drop of -9.89%, but this was down by -25.32% over a month. Three-month performance dropped to -22.27% while six-month performance fell -12.79%. The stock lost -6.82% in the past year, while it has lost -1.22% so far this year. A look at the trailing 12-month EPS for JOB yields 0.17 with Next year EPS estimates of 0.10. For the next quarter, that number is 0.02. This implies an EPS growth rate of -64.70% for this year and 66.67% for next year.

Float and Shares Shorts:

At present, 114.26 million JOB shares are outstanding with a float of 109.00 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.28 million, which was 0.24% higher than short shares on Sep 14, 2022. In addition to Mr. Derek E. Dewan as the firm’s Chairman & CEO, Mr. Kim D. Thorpe serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 30.95% of JOB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.59% of JOB, in contrast to 6.19% held by mutual funds. Shares owned by individuals account for 20.30%. As the largest shareholder in JOB with 7.79% of the stake, Raffles Capital Management LLC holds 8,913,857 shares worth 8,913,857. A second-largest stockholder of JOB, Red Oak Partners LLC, holds 6,151,494 shares, controlling over 5.38% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in JOB, holding 5,012,815 shares or 4.38% stake. With a 2.93% stake in JOB, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,354,057 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.41% of JOB stock, is the second-largest Mutual Fund holder. It holds 1,612,349 shares valued at 0.79 million. First Eagle Small Cap Opportunity holds 0.79% of the stake in JOB, owning 907,670 shares worth 0.44 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JOB since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With JOB analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, JOB could surge 316.67% to reach the target high and rise by 316.67% to reach the target low. Reaching the average price target will result in a growth of 316.67% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. JOB will report FY 2023 earnings on 12/21/2023. Analysts have provided yearly estimates in a range of $0.06 being high and $0.06 being low. For JOB, this leads to a yearly average estimate of $0.06. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.02 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.02.

Summary of Insider Activity:

Insiders traded JOB stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 1,335,281 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 1,335,281 while 0 shares were sold.

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