A share price of Genco Shipping & Trading Limited [GNK] is currently trading at $18.98, up 0.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GNK shares have gain 7.11% over the last week, with a monthly amount glided 10.35%, 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.
Genco Shipping & Trading Limited experienced fluctuations in its stock price throughout the past year between $12.65 and $23.43. Currently, Wall Street analysts expect the stock to reach $20.67 within the next 12 months. Genco Shipping & Trading Limited [NYSE: GNK] shares were valued at $18.98 at the most recent close of the market. An investor can expect a potential return of 8.9% based on the average GNK price forecast.
Analyzing the GNK fundamentals
Trailing Twelve Months sales for Genco Shipping & Trading Limited [NYSE:GNK] were 423.36M which represents 18.21% growth. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 18.80 points at the first support level, and at 18.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.07, and for the 2nd resistance point, it is at 19.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Genco Shipping & Trading Limited [NYSE:GNK] is 3.59. Further, the Quick Ratio stands at 2.94, while the Cash Ratio is 1.11. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 56.64.
Transactions by insiders
Recent insider trading involved REGAN ARTHUR L, Director, that happened on May 13 ’24 when 1400.0 shares were sold. Chief Accounting Officer, Adamo Joseph completed a deal on Feb 29 ’24 to sell 1396.0 shares. Meanwhile, Chief Commercial Officer Christensen Jesper sold 12404.0 shares on Feb 23 ’24.
