MicroMarvel: Genie Energy

MicroMarvel is a series of articles highlighting undercovered stock with less than a billion dollars in Market Capitalization. These articles are not intended to be buy recommendations. They highlight stocks that may have limited trading volume and may be highly volatile so if you do decide to add them to your portfolio I highly recommend you use stop losses and limit orders. Photo by Martin Adams on Unsplash Today’s MicroMarvel is the energy distributor Genie Energy (GNE). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 12 /6 the stock gained 16.92%.GNE Price vs Daily Moving Averages (Barchart)Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, Genie Retail Energy and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy advisory and brokerage services; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey. Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

  • 100% technical buy signals
  • 208.70+ Weighted Alpha
  • 189.19% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100-day moving averages
  • 14 new highs and up 24.22% in the last month
  • Relative Strength Index 62.38%
  • Technical support level at $27.75
  • Recently traded at $29.50 with 50-day moving average of $25.02
  • Fundamental Factors:

  • Market Cap $772 million
  • P/E 15.36
  • Dividend yield 1.07%
  • Revenue and earnings projections not given
  • Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

  • Wall Street analysts have 1 hold recommendation in place
  • The individual investors following the stock on Motley Fool voted 22 to 2 for the stock to beat the market
  • CFRA’s MarketScope gives the stock a buy rating
  • 2,970 investors are following the stock on Seeking Alpha
  • More By This Author:Chart Of The Day: AZZ Great Metal Coating
    Micro Marvel – First United – Maryland Based Banking
    Chart Of The Day: Things Go Better With COKE


    • Total Score 0%
    User rating: 0.00% ( 0
    votes )

    Leave a Reply

    Your email address will not be published. Required fields are marked *