GuruFocus - On August 19, 2024, Mark Culhane, Director at Genasys Inc (NASDAQ:GNSS), purchased 50,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 70,000 shares of Genasys Inc.
Genasys Inc specializes in critical communications systems and solutions that help keep people safe. The company's products are used in a variety of applications including emergency warning systems and mass notification.
The transaction occurred with shares priced at $2.66, valuing the purchase at $133,000. This acquisition has increased the insider's stake significantly, reflecting a strong commitment to the company's future.
Over the past year, the insider transaction history for Genasys Inc shows a trend with 5 insider buys and 0 insider sells. This pattern suggests a positive sentiment among the company's insiders regarding its prospects.
Currently, Genasys Inc has a market cap of $120.431 million. The stock's valuation metrics, including price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjusted factors for past performance, and future business estimates.
According to the GF Value, the intrinsic value of Genasys Inc is estimated at $1.47 per share, making the current price of $2.66 significantly overvalued with a price-to-GF-Value ratio of 1.81.
This insider buying activity could be a key indicator for investors, especially considering the current valuation levels and the overall insider buying trend at Genasys Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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