Why Did GEN Restaurant Group Inc (NASDAQ: GENK) Drop So Much?

GEN Restaurant Group Inc (NASDAQ:GENK) traded at $6.25 at close of the session on Friday, March 07 and made an upward move of 22.79% on its previous day’s price.

GEN Restaurant Group Inc has a market cap of $205.00 million and is expected to release its quarterly earnings report in April.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 57.42M, with a low of 57.27M and a high of 57.7M. The median projection represents growth squeezing down to 13.12% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 246.15M, or 18.13% up from figures reported last year.

On the other hand, looking at the outlook for the GENK stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the GEN Restaurant Group Inc (GENK) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 11.72% off its SMA20 and -3.17% from its 50-day simple moving average. The RSI (14) is pointing at 56.60 while the volatility over the past week is 13.06% and jumps to 8.23% over the past one month. The beta value is 1.89, while the average true range (ATR) is currently pointing at 0.55. The average price target for the stock over the next 12 months is $13.5, with the estimates having a low of $13.5 and a high of $13.5. These price ends are -116.0% and -116.0% off the current price level respectively, although investors could be excited at the prospect of a -116.0% if the GENK share price touches on the median price of $13.5.

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