At the time of writing, Genco Shipping & Trading Limited [GNK] stock is trading at $15.74, up 0.58%. 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 0.51% over the last week, with a monthly amount drifted -17.81%, and not 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 October 23, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $17 from $26. Previously, BTIG Research downgraded its rating to Neutral on January 05, 2024. On September 30, 2022, Stifel initiated with a Buy rating and assigned a price target of $20 on the stock. Alliance Global Partners started tracking the stock assigning a Buy rating and suggested a price target of $29 on August 03, 2022. Jefferies initiated its recommendation with a Buy and recommended $25 as its price target on July 21, 2022. In a note dated September 13, 2021, H.C. Wainwright initiated an Buy rating and provided a target price of $30 on this stock.
For the past year, the stock price of Genco Shipping & Trading Limited fluctuated between $12.65 and $23.43. Currently, Wall Street analysts expect the stock to reach $19.67 within the next 12 months. Genco Shipping & Trading Limited [NYSE: GNK] shares were valued at $15.74 at the most recent close of the market. An investor can expect a potential return of 24.97% based on the average GNK price forecast.
Analyzing the GNK fundamentals
According to Genco Shipping & Trading Limited [NYSE:GNK], the company’s sales were 423.36M for trailing twelve months, which represents an 18.21% jump. 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 15.57 points at the first support level, and at 15.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.89, and for the 2nd resistance point, it is at 16.04.
Ratios To Look Out For
It is important to note that Genco Shipping & Trading Limited [NYSE:GNK] has a current ratio of 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 1.59, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 46.97.
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.
