The stock price of Genelux Corp (NASDAQ: GNLX) has dropped by -8.61 compared to previous close of 2.67. Despite this, the company has seen a fall of -12.86% in its stock price over the last five trading days. globenewswire.com reported 2024-09-03 that WESTLAKE VILLAGE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) — Genelux Corporation (NASDAQ: GNLX), a late clinical-stage immuno-oncology company, today announced that Thomas Zindrick, President, Chairman and CEO, will discuss clinical-stage programs, recent announcements, and upcoming milestones in a fireside chat at the H.C. Wainwright Global Healthcare Conference, taking place September 9-11, 2024, in New York City, New York.
Is It Worth Investing in Genelux Corp (NASDAQ: GNLX) Right Now?
The 36-month beta value for GNLX is also noteworthy at -1.79. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for GNLX is 27.70M, and at present, short sellers hold a 4.15% of that float. The average trading volume of GNLX on September 16, 2024 was 208.59K shares.
GNLX’s Market Performance
GNLX stock saw an increase of -12.86% in the past week, with a monthly gain of 16.75% and a quarterly increase of 2.52%. The volatility ratio for the week is 14.48%, and the volatility levels for the last 30 days are 12.12% for Genelux Corp (GNLX). The simple moving average for the past 20 days is 6.69% for GNLX’s stock, with a -59.19% simple moving average for the past 200 days.
Analysts’ Opinion of GNLX
Many brokerage firms have already submitted their reports for GNLX stocks, with ROTH MKM repeating the rating for GNLX by listing it as a “Buy.” The predicted price for GNLX in the upcoming period, according to ROTH MKM is $10 based on the research report published on August 28, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see GNLX reach a price target of $35. The rating they have provided for GNLX stocks is “Buy” according to the report published on November 27th, 2023.
Maxim Group gave a rating of “Buy” to GNLX, setting the target price at $40 in the report published on September 12th of the previous year.
GNLX Trading at 11.09% 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 -91.98% of loss for the given period.
Volatility was left at 12.12%, however, over the last 30 days, the volatility rate increased by 14.48%, as shares surge +14.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.08% upper at present.
During the last 5 trading sessions, GNLX fell by -12.86%, which changed the moving average for the period of 200-days by -77.55% in comparison to the 20-day moving average, which settled at $2.30. In addition, Genelux Corp saw -82.58% 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 31,777 shares at the price of $2.73 back on Sep 12 ’24. After this action, Szalay Aladar now owns 632,901 shares of Genelux Corp, valued at $86,732 using the latest closing price.
Szalay Aladar, the 10% Owner of Genelux Corp, sale 33,080 shares at $2.57 during a trade that took place back on Sep 13 ’24, which means that Szalay Aladar is holding 599,821 shares at $84,946 based on the most recent closing price.
Stock Fundamentals for GNLX
Current profitability levels for the company are sitting at:
- -18.56 for the present operating margin
- 0.37 for the gross margin
The net margin for Genelux Corp stands at -18.03. The total capital return value is set at -0.69. Equity return is now at value -88.57, with -69.34 for asset returns.
Based on Genelux Corp (GNLX), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -9.72. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -569.06.
Currently, EBITDA for the company is -23.15 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 53.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.01.
Conclusion
In summary, Genelux Corp (GNLX) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
