Stocks

Why goeasy Ltd stock is rising today

By Wealth Awesome Newsroom -
Stocks & ETFs:GSY.TO
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goeasy Ltd's stock surged by 3.92% in the last trading session, reflecting positive investor sentiment.

In a notable turn of events, goeasy Ltd (GSY.TO) saw its stock price climb to CA$41.65, marking a significant increase of 3.92% during yesterday's trading session. This uptick comes as the company continues to navigate its financial landscape, bolstered by recent strategic moves.

Investor takeaway: Investors should keep a close eye on goeasy Ltd as it demonstrates resilience and potential for growth amidst a competitive market.

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goeasy Ltd

GSY.TO

Full stock page โ†’

GSY.TO

goeasy Ltd

Source:WealthAwesomeWealthAwesome
โ†“ $80.40 (-62.40%)
120 day period
$28.50$79.93$131.36Jan 28Apr 24Jul 20

Market cap

$817.08M

52W high

$212.31

52W low

$27.60

1W change

+2.47%

Beta

1.31

Analyst Price Targets

Based on analyst covering GSY

๐Ÿ“‰

Wall Street analysts forecast GSY stock price to fall 17.6% over the next 12 months.

Consensus

Bearish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$39.90

-17.6% Upside

Current Price

C$48.45

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on GSY's historical volatility

HistoricalForecast68%95%
C$27.64C$45.95C$64.26C$82.57C$100.87C$119.18TodayMar 12May 15Jul 20Sep 1Oct 15Nov 27

30-Day Vol

57.9%

Annualized

90-Day Vol

65.0%

Annualized

Trend (90d)

+50.0%

Annualized drift

90d Mean

C$57.92

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$51.42C$42.11 โ€“ C$62.79
60 trading daysC$54.58C$41.14 โ€“ C$72.39
90 trading daysC$57.92C$40.98 โ€“ C$81.87

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Stock Climbs 3.92% in One Day

With a market cap of CA$659.63 million, goeasy Ltd's performance reflects a growing interest in its stock, particularly following its recent financial maneuvers.

Bull case

The recent renewal of its normal course issuer bid allows goeasy to buy back shares, which could boost shareholder value. Additionally, the completion of substantial unsecured notes offerings shows strong market confidence and gives the company financial flexibility.

Bear case

Despite the positive movement, goeasy's profit margin remains negative, indicating challenges that could affect future performance. Investors should stay cautious and keep an eye on the company's financial health.

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