Global Ship Lease Inc [GSL] stock prices are up 6.39% to $26.63 at the moment. 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 2.94% over the last week, with a monthly amount drifted -1.92%, and not 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.
The stock price of Global Ship Lease Inc [GSL] has been fluctuating between $16.80 and $30.32 over the past year. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Global Ship Lease Inc [NYSE: GSL] shares were valued at $26.63 at the most recent close of the market. An investor can expect a potential return of 8.9% based on the average GSL price forecast.
Analyzing the GSL fundamentals
The Global Ship Lease Inc [NYSE:GSL] reported sales of 707.98M for trailing twelve months, representing a surge of 7.97%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.54%, Pretax Profit Margin comes in at 0.47%, and Net Profit Margin reading is 0.47%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.27 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 25.51 points at the first support level, and at 24.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.28, and for the 2nd resistance point, it is at 27.94.
Ratios To Look Out For
It’s worth pointing out that Global Ship Lease Inc [NYSE:GSL]’s Current Ratio is 1.42. As well, the Quick Ratio is 1.36, while the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 0.71 and price to earnings (TTM) ratio is 2.92.
