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.
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.
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.
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.