Genesis Energy L.P (NYSE:GEL) shares, rose in value on Friday, January 03, with the stock price down by -1.52% to the previous day’s close as strong demand from buyers drove the stock to $10.39.
Actively observing the price movement in the last trading, the stock closed the session at $10.55, falling within a range of $10.31 and $10.7. The value of beta (5-year monthly) was 2.093. Referring to stock’s 52-week performance, its high was $15.17, and the low was $9.86. On the whole, GEL has fluctuated by -11.80% over the past month.
With the market capitalization of Genesis Energy L.P currently standing at about $1.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.61, with its dividend yield at 5.92%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GEL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GEL currently trading nearly -0.56% and -7.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.80, while the 7-day volatility ratio is showing 2.98% which for the 30-day chart, stands at 3.42%. Furthermore, Genesis Energy L.P (GEL)’s beta value is 2.10, and its average true range (ATR) is 0.35.
A comparison of Genesis Energy L.P (GEL) with its peers suggests the former has fared considerably weaker in the market. GEL showed an intraday change of -1.52% in last session, and over the past year, it shrunk by -13.49%%.
Data on historical trading for Genesis Energy L.P (NYSE:GEL) indicates that the trading volumes over the past 10 days have averaged 0.52 and over the past 3 months, they’ve averaged 479.67K. According to company’s latest data on outstanding shares, there are 122.42 million shares outstanding.
Nearly 23.42% of Genesis Energy L.P’s shares belong to company insiders and institutional investors own 67.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.65 million shares as on 2024-12-13, resulting in a short ratio of 6.47. According to the data, the short interest in Genesis Energy L.P (GEL) stood at 366.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 3.05 million. The stock has risen by 2.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GEL stock heading into the next quarter.
