GEE Group Inc. [AMEX: JOB] stock went on a downward path that fall over -1.03% on Friday, amounting to a one-week price decrease of less than -3.64%. The company report on June 8, 2021 that CIT Serves as Sole Lender on $20 Million Credit Facility for GEE Group Inc..
CIT Group Inc. (NYSE: CIT) announced that its Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Group Inc. (NYSE American: JOB), a leading provider of professional staffing services and human resources solutions. Proceeds from the financing will be used to pay off existing debt and for general working capital purposes.
GEE Group, based in Jacksonville, Florida, is a multi-brand national staffing and recruiting firm providing services in the IT, legal, engineering, finance and accounting, healthcare and industrial verticals delivered from two business divisions, professional and commercial.
Over the last 12 months, JOB stock dropped by -54.31%. The average equity rating for JOB stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $60.80 million, with 113.50 million shares outstanding and 70.16 million shares in the current float. Compared to the average trading volume of 9.04M shares, JOB stock reached a trading volume of 4603169 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on GEE Group Inc. [JOB]:
Alliance Global Partners have made an estimate for GEE Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 02, 2020. While these analysts kept the previous recommendation, Maxim Group raised their target price from $10 to $8. The new note on the price target was released on October 10, 2017, representing the official price target for GEE Group Inc. stock. Previously, the target price had yet another drop from $11 to $9, while Maxim Group kept a Buy rating on JOB stock. On January 06, 2016, analysts decreased their price target for JOB shares from 14 to 12.
The Average True Range (ATR) for GEE Group Inc. is set at 0.05, with the Price to Sales ratio for JOB stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 0.36, with the Price to Cash per share for the same quarter was set at 0.12.
JOB Stock Performance Analysis:
GEE Group Inc. [JOB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.64. With this latest performance, JOB shares dropped by -5.37% in over the last four-week period, additionally sinking by -62.14% over the last 6 months – not to mention a drop of -54.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JOB stock in for the last two-week period is set at 43.72, with the RSI for the last a single of trading hit 42.62, and the three-weeks RSI is set at 43.30 for GEE Group Inc. [JOB]. The present Moving Average for the last 50 days of trading for this stock 0.5667, while it was recorded at 0.5670 for the last single week of trading, and 1.0158 for the last 200 days.
Insight into GEE Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and GEE Group Inc. [JOB] shares currently have an operating margin of -0.54 and a Gross Margin at +30.36. GEE Group Inc.’s Net Margin is presently recorded at -11.05.
Return on Total Capital for JOB is now -0.66, given the latest momentum, and Return on Invested Capital for the company is -14.09. Return on Equity for this stock declined to -44.70, with Return on Assets sitting at -10.86. When it comes to the capital structure of this company, GEE Group Inc. [JOB] has a Total Debt to Total Equity ratio set at 274.47. Additionally, JOB Total Debt to Total Capital is recorded at 73.30, with Total Debt to Total Assets ending up at 58.52. Long-Term Debt to Equity for the company is recorded at 260.38, with the Long-Term Debt to Total Capital now at 69.53.
Reflecting on the efficiency of the workforce at the company, GEE Group Inc. [JOB] managed to generate an average of -$55,609 per employee. Receivables Turnover for the company is 7.04 with a Total Asset Turnover recorded at a value of 0.98.GEE Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
GEE Group Inc. [JOB] Insider Position Details
There are presently around $2 million, or 33.90% of JOB stock, in the hands of institutional investors. The top three institutional holders of JOB stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 1,251,236, which is approximately 218.919% of the company’s market cap and around 0.50% of the total institutional ownership; THRIVENT FINANCIAL FOR LUTHERANS, holding 792,263 shares of the stock with an approximate value of $0.42 million in JOB stocks shares; and ULLMANN FINANCIAL GROUP, INC., currently with $0.17 million in JOB stock with ownership of nearly 193.258% of the company’s market capitalization.
Positions in GEE Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 13 institutional holders increased their position in GEE Group Inc. [AMEX:JOB] by around 1,782,549 shares. Additionally, 4 investors decreased positions by around 660,765 shares, while 5 investors held positions by with 1,030,784 shares. The mentioned changes placed institutional holdings at 3,474,098 shares, according to the latest SEC report filing. JOB stock had 7 new institutional investments in for a total of 421,144 shares, while 0 institutional investors sold positions of 0 shares during the same period.