Additionally, the 36-month beta value for GNLX is -1.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GNLX is 19.78M and currently, short sellers hold a 9.51% ratio of that float. The average trading volume of GNLX on April 19, 2024 was 132.32K shares.
GNLX) stock’s latest price update
The stock price of Genelux Corp (NASDAQ: GNLX) has jumped by 6.78 compared to previous close of 3.62. Despite this, the company has seen a fall of -9.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-05 that Genelux Corporation (GNLX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
GNLX’s Market Performance
GNLX’s stock has fallen by -9.81% in the past week, with a monthly drop of -34.80% and a quarterly drop of -69.07%. The volatility ratio for the week is 10.89% while the volatility levels for the last 30 days are 10.42% for Genelux Corp The simple moving average for the past 20 days is -23.58% for GNLX’s stock, with a -75.90% simple moving average for the past 200 days.
Analysts’ Opinion of GNLX
Many brokerage firms have already submitted their reports for GNLX stocks, with H.C. Wainwright repeating the rating for GNLX by listing it as a “Buy.” The predicted price for GNLX in the upcoming period, according to H.C. Wainwright is $35 based on the research report published on November 27, 2023 of the previous year 2023.
Maxim Group, on the other hand, stated in their research note that they expect to see GNLX reach a price target of $40. The rating they have provided for GNLX stocks is “Buy” according to the report published on September 12th, 2023.
The Benchmark Company gave a rating of “Speculative Buy” to GNLX, setting the target price at $10 in the report published on February 15th of the previous year.
GNLX Trading at -39.85% from the 50-Day Moving Average
After a stumble in the market that brought GNLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.58% of loss for the given period.
Volatility was left at 10.42%, however, over the last 30 days, the volatility rate increased by 10.89%, as shares sank -37.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.48% lower at present.
During the last 5 trading sessions, GNLX fell by -9.81%, which changed the moving average for the period of 200-days by -87.55% in comparison to the 20-day moving average, which settled at $4.93. In addition, Genelux Corp saw -72.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GNLX starting from Szalay Aladar, who sale 22,737 shares at the price of $3.71 back on Apr 17 ’24. After this action, Szalay Aladar now owns 1,300,125 shares of Genelux Corp, valued at $84,425 using the latest closing price.
Szalay Aladar, the 10% Owner of Genelux Corp, sale 48,683 shares at $3.53 during a trade that took place back on Apr 16 ’24, which means that Szalay Aladar is holding 1,322,862 shares at $171,802 based on the most recent closing price.
Stock Fundamentals for GNLX
Current profitability levels for the company are sitting at:
- -142.15 for the present operating margin
- -4.99 for the gross margin
The net margin for Genelux Corp stands at -190.25. The total capital return value is set at -1.13.
Based on Genelux Corp (GNLX), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -8.05. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is -27.97.
Currently, EBITDA for the company is -23.15 million with net debt to EBITDA at 0.26. When we switch over and look at the enterprise to sales, we see a ratio of 569.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.69.
Conclusion
In conclusion, Genelux Corp (GNLX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
