Currently, Global Ship Lease Inc [GSL] is trading at $22.11, up 1.42%. 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 3.75% over the last week, with a monthly amount drifted -0.67%, 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 November 14, 2024, when Clarksons Platou downgraded its rating to a Neutral but kept the price target unchanged to $27 for it. Previously, Clarksons Platou upgraded its rating to Buy on August 08, 2024. On July 21, 2022, Jefferies initiated with a Buy rating and assigned a price target of $22 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $23 on July 16, 2021. Jefferies initiated its recommendation with a Buy and recommended $18 as its price target on February 12, 2021. B. Riley FBR started tracking with a Buy rating for this stock on September 30, 2019, and assigned it a price target of $15. In a note dated April 09, 2019, Clarksons Platou initiated an Buy rating and provided a target price of $9 on this stock.
This stock has fluctuated between a low of $18.70 and a high of $30.23 over the last 52 weeks. 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 $22.11 at the most recent close of the market. An investor can expect a potential return of 31.16% based on the average GSL price forecast.
Analyzing the GSL fundamentals
Trailing Twelve Months sales for Global Ship Lease Inc [NYSE:GSL] were 707.52M which represents -0.27% decline. 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 0.46%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.25 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 21.76 points at the first support level, and at 21.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.41, and for the 2nd resistance point, it is at 22.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Global Ship Lease Inc [NYSE:GSL] is 1.64. As well, the Quick Ratio is 1.58, while the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 0.56 and price to earnings (TTM) ratio is 2.45.
Transactions by insiders
Recent insider trading involved van Lacum Menno, Director, that happened on Sep 05 ’24 when 6000.0 shares were purchased.
