Genco Shipping & Trading Limited [GNK] stock prices are up 0.05% to $21.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GNK shares have gain 4.68% over the last week, with a monthly amount glided 7.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Genco Shipping & Trading Limited [NYSE: GNK] stock has seen the most recent analyst activity on January 05, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Stifel started tracking the stock with Buy rating on September 30, 2022, and set its price target to $20. On August 03, 2022, Alliance Global Partners initiated with a Buy rating and assigned a price target of $29 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $25 on July 21, 2022. H.C. Wainwright started tracking with a Buy rating for this stock on September 13, 2021, and assigned it a price target of $30. In a note dated July 29, 2020, DNB Markets upgraded an Buy rating on this stock.
The stock price of Genco Shipping & Trading Limited [GNK] has been fluctuating between $12.39 and $21.31 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Genco Shipping & Trading Limited [NYSE: GNK] shares were valued at $21.23 at the most recent close of the market. An investor can expect a potential drop of -5.79% based on the average GNK price forecast.
Analyzing the GNK fundamentals
The Genco Shipping & Trading Limited [NYSE:GNK] reported sales of 383.82M for trailing twelve months, representing a drop of -9.02%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.08 points at the first support level, and at 20.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.37, and for the 2nd resistance point, it is at 21.50.
Genco Shipping & Trading Limited [GNK] reported earnings per share of $0.43 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.42/share, meaning a difference of $0.01 and a surprise factor of 2.40%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.09 per share as compared to estimates of -$0.11 per share, a difference of $0.02 representing a surprise of 18.20%.
Ratios To Look Out For
It’s worth pointing out that Genco Shipping & Trading Limited [NYSE:GNK]’s Current Ratio is 4.40. On the other hand, the Quick Ratio is 3.64, and the Cash Ratio is 1.32. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 0.99.
Transactions by insiders
Recent insider trading involved Adamo Joseph, Chief Accounting Officer, that happened on Feb 29 ’24 when 1396.0 shares were sold. CEO, President, and Secretary, WOBENSMITH JOHN C completed a deal on Feb 23 ’24 to sell 35660.0 shares. Meanwhile, Chief Commercial Officer Christensen Jesper sold 12404.0 shares on Feb 23 ’24.
