Global Ship Lease Inc [GSL] stock is trading at $22.85, up 0.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GSL shares have gain 2.05% over the last week, with a monthly amount glided 12.95%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Global Ship Lease Inc [NYSE: GSL] stock has seen the most recent analyst activity on July 21, 2022, when Jefferies initiated its Buy rating and assigned the stock a price target of $22. Previously, Deutsche Bank started tracking the stock with Buy rating on July 16, 2021, and set its price target to $23. On February 12, 2021, Jefferies initiated with a Buy rating and assigned a price target of $18 on the stock. B. Riley FBR started tracking the stock assigning a Buy rating and suggested a price target of $15 on September 30, 2019. Clarksons Platou initiated its recommendation with a Buy and recommended $9 as its price target on April 09, 2019. In a note dated September 18, 2014, Clarkson Capital initiated an Buy rating.
Global Ship Lease Inc [GSL] stock has fluctuated between $16.80 and $23.06 over the past year. Global Ship Lease Inc [NYSE: GSL] shares were valued at $22.85 at the most recent close of the market.
Analyzing the GSL fundamentals
Global Ship Lease Inc [NYSE:GSL] reported sales of 674.79M for the trailing twelve months, which represents a growth of 8.41%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.54%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.46%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.28 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 22.47 points at the first support level, and at 22.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.10, and for the 2nd resistance point, it is at 23.34.
Global Ship Lease Inc [GSL] reported earnings per share of $2.49 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 $2.35/share, meaning a difference of $0.14 and a surprise factor of 6.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $2.33 per share as compared to estimates of $2.15 per share, a difference of $0.18 representing a surprise of 8.40%.
Ratios To Look Out For
For context, Global Ship Lease Inc’s Current Ratio is 1.05. As well, the Quick Ratio is 0.96, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 0.68 and price to earnings (TTM) ratio is 2.76.
