goeasy Ltd's stock has seen a notable decline this week, continuing a trend that has investors on edge.
This week, goeasy Ltd (GSY.TO) experienced a decline of 3.05%, closing at C$42.26. The company has faced significant challenges in 2023, with a year-to-date drop of 67.85%. Despite recent headlines, there has been no major news affecting the stock this week.
Investor takeaway: While goeasy Ltd has been active in securing financing and appointing new leadership, its substantial year-to-date losses and negative profit margins indicate underlying challenges that investors should consider.
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goeasy Ltd
GSY.TO
GSY.TO
goeasy Ltd
WealthAwesomeMarket cap
$677.61M
Div. yield
6.85%
Div. / share
$2.92
52W high
$205.66
52W low
$27.60
1W change
-3.05%
Beta
1.27
Analyst Price Targets
Based on analyst covering GSY
Wall Street analysts forecast GSY stock price to rise 13.6% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$48.00
+13.6% Upside
Current Price
C$42.26
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GSY's historical volatility
30-Day Vol
45.2%
Annualized
90-Day Vol
58.6%
Annualized
Trend (90d)
+30.7%
Annualized drift
90d Mean
C$47.16
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$43.83 | C$37.51 โ C$51.23 |
| 60 trading days | C$45.47 | C$36.47 โ C$56.68 |
| 90 trading days | C$47.16 | C$36.00 โ C$61.77 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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goeasy Ltd's stock is down 67.85% year-to-date.
The stock's current price reflects a drastic decline from its previous highs, indicating potential volatility ahead.
Bull case
Investors might see potential in goeasy's recent efforts to secure financing through senior unsecured notes. This could provide the capital needed for growth and operational stability.
Bear case
However, the company's significant losses and declining stock price suggest ongoing operational difficulties that could hinder recovery and affect investor confidence.
Recent Price Action
This week, goeasy Ltd's stock closed at C$42.26, reflecting a decline of 3.05% over the last week. Year-to-date, the stock has dropped a staggering 67.85%, indicating substantial challenges faced by the company in the current market environment.
Company News and Web Headlines
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Despite the significant price drop, there have been no major developments or news releases from goeasy Ltd this week. However, recent headlines indicate that the company completed a US$450 million and C$175 million offering of senior unsecured notes, which could help support its financing needs moving forward. Additionally, goeasy announced amendments to its financing arrangements, suggesting ongoing efforts to stabilize its financial situation.
Technical Picture
From a technical standpoint, goeasy Ltd's stock is currently trading below both its 50-day moving average of C$45.93 and its 200-day moving average of C$70.90, indicating a bearish trend. The stock has a beta of 1.27, suggesting higher volatility compared to the market. The current price is within 8% of its 52-week range, which spans from C$27.60 to C$205.66. Notably, the trading volume has been robust, with the latest volume at 89,251 shares, significantly above the 20-day average of 51,369 shares.
Insider Activity
No insider activity has been reported for goeasy Ltd in recent weeks, reflecting a period of stability in management decisions.
Price Action Summary
As of the last close, goeasy Ltd's stock stands at C$42.26, down 0.80% on the day. Investors will be watching closely for any developments that may signal a turnaround for the stock.
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