Long JOBLong Gee Group Inc - Ticker JOB
Breaking out of consolidation to the upside. This trade presents excellent risk to reward, and could possible go all the way to $2 per share.
Fundamentally the company is getting back on it's feet, and is on a PE of 7, P/S of 0.44, EV/EBITA 1.96 - it looks cheap on every metric. Has no debt and $17m cash in the bank.
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Please do your own research before investing.
JOB trade ideas
Big JOB Still Left To Do HereJOB has a really clear level of resistance not only on the lower end of that gap but it also lines up almost IDENTICALLY with its .786 fib line. Now, while you would assume the .618 could be the next level, we still need to account for the gap and YES that upper gap line has consistently acted as a potential support for about a year before breaking this year. Other than that, JOB stock has been a sideways mover for months. Right now it could be experiencing higher levels of action thanks to the big move in STAF as a sympathy run. We'll see what happens next. Also might be factoring in the reopening trade with the latest round of jobs numbers showing strength.
"On June 8th, the leading national bank CIT Group Inc. (NYSE: CIT) announced that it is the sole lender on a $20 million credit facility for GEE Group Inc. The Chairman of GEE Group, Derek Dewan said, 'We appreciated CIT’s expertise in arranging this asset-based financing to support our working capital needs and help fund GEE Group’s growth strategy. This financing represents another milestone in our ongoing effort to build our business while ensuring our financial position and balance sheet remain on solid footing.'"
Quote Source: 8 Penny Stocks to Watch Right Now As June Comes to an End
$JOBGEE Group, Inc. provides permanent and temporary professional, industrial, and physician assistant staffing and placement services in the United States. It operates through two segments, Industrial Staffing Services and Professional Staffing Services. The company offers placement of information technology, accounting, finance, office, engineering, and medical professionals for direct hire and contract staffing services; and temporary staffing services for light industrial clients. The company provides medical assistants, who offer electronic medical record services for emergency departments, specialty physician practices, and clinics. It offers professional and commercial staffing services under the names of Access Data Consulting, Agile Resources, Ashley Ellis, General Employment, Omni-One, Paladin Consulting, and Triad; medical staffing services under the Scribe Solutions brand; and contract and direct hire professional staffing services under the Accounting Now, Staffing Now, SNI Banking, SNI Certes, SNI Energy, SNI Financial, and SNI Technology brands. The company was formerly known as General Employment Enterprises, Inc. and changed its name to GEE Group, Inc. in July 2016. GEE Group, Inc. was founded in 1893 and is based in Jacksonville, Florida.
JOB GEE GROUP INCI have this stock in my wallet, so I'm keeping tabs on it. I am writing this article just to signal a nice drop of 33%.
This is the company: www.geegroup.com
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Disclaimer: I'm not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Luca Valente expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.
Bullish on General Employment EnterprisesI found this interesting idea about seeking alpha. I believe a buystop is the best way to enter the trade. The sector and the company are interesting, it is a long-term operation, so I will not put a stop loss, but I will follow the position with a moving average in trailing stop
OUR VIEW ON JOB GEE GROUP INC #StockanalysisIN BUSINESS SINCE 1962, FUNDAMENTALLY, THE COMPANY SEEMS SOUND, SOURCING JOBS AND PROVING STAFFING IN THE AREAS OF HEALTHCARE, COMMERCIAL & PROFESSIONAL SERVICES.
SEE MORE BELOW :
GEE Group Inc. was incorporated in the State of Illinois in 1962, is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893.
We operate in two industry segments, providing professional staffing services and solutions in the information technology, engineering, finance and accounting specialties and commercial staffing services through the names of General Employment, Access Data Consulting, Agile Resources, Ashley Ellis, Omni-One, Paladin Consulting and Triad. Additionally, the Company provides contract and direct hire professional staffing services through the following SNI brands: Accounting Now®, SNI Technology®, Legal Now®, SNI Financial®, Staffing Now®, SNI Energy®, and SNI Certes.
Also, in the healthcare sector, through our Scribe Solutions brand, staff medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records.
Technical
Insider Own 9.20% Shs Outstand 17.75M Perf Week 30.84%
Market Cap 24.96M Forward P/E - EPS next Y -0.51 Insider Trans -15.85% Shs Float 13.12M Perf Month 35.92%
Income 10.10M PEG - EPS next Q -0.22 Inst Own 17.50% Short Float 0.06% Perf Quarter 38.48%
Sales 129.80M P/S 0.19 EPS this Y 144.40% Inst Trans - Short Ratio 0.01 Perf Half Y 20.69%
Book/sh 1.54 P/B 0.91 EPS next Y 32.90% ROA 8.20% Target Price 1.75 Perf Year 240.36%
Cash/sh 0.79 P/C 1.77 EPS next 5Y - ROE 53.60% 52W Range 0.17 - 2.49 Perf YTD 40.63%
Dividend - P/FCF - EPS past 5Y 20.90% ROI -2.20% 52W High -47.79% Beta 2.29
Dividend % - Quick Ratio 1.70 Sales past 5Y 24.50% Gross Margin 34.40% 52W Low 675.19% ATR 0.10
Employees 258 Current Ratio 1.70 Sales Q/Q -20.30% Oper. Margin -1.10% RSI (14) 68.16 Volatility 11.88% 8.79%
Optionable No Debt/Eq 2.54 EPS Q/Q -147.00% Profit Margin 7.80% Rel Volume 3.12 Prev Close 1.40
Shortable Yes LT Debt/Eq 2.46 Earnings - Payout 0.00% Avg Volume 737.29K Price 1.30
Recom 2.00 SMA20 23.08% SMA50 26.89% SMA200 55.25% Volume 1,541,694 Change -7.14%
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AMEX:JOB
JOB shows potential spike!!!I bought 500 shares of JOB on June 22nd at $0.53 a share based on what I saw in the patterns and volume. July 2nd (the day of Jobs reports) I woke up at 4am and checked the market and saw it was up to $2.50..I sold at $2.25.. It obviously has consolidated since but at double the averages.. Since August 1st, JOB has been picking up again and based on it's recent spikes. I think that holds potential again very very soon!!!! Thinking this may higher their averages to at least $1.40
JOB jobless or recruiting? Hello,
What is Job?
GEE Group Inc is a provider of specialized staffing solutions across the United States. The company operates in two business segments namely professional staffing services and solutions and commercial staffing services. Its professional staffing services and solutions provide services in the information technology, engineering, finance and accounting specialties industries. The commercial staffing services assist through the names of general employment, access data consulting, agile resources, ashley ellis, omni-one, paladin consulting and triad. In addition, the company also provides contract and direct hire professional staffing services. It also extends its services to healthcare sector by providing required documentation for patient care in connection with electronic medical records.
My Thoughts
This company has not seen its all-time high of 166.xx since 2007, Unless there is a demand for their service, I can not see this company testing those areas anytime soon. We have a COVID crisis that defiantly impacts this company and if we see any kind of bounce, this is the time because the decent has stopped and we are seeing a bullish divergence.
Good Luck, Cheers!
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Falling wedge + Bullish Divergence A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action
A bullish divergence occurs during a downtrend, when the price makes lower lows but the indicator makes higher lows. As price and momentum should move in the same direction, if the indicator fails to make a lower low this is a sign that the trend may reverse.