At the time of writing, Global Ship Lease Inc [GSL] stock is trading at $23.06, up 1.27%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GSL shares have gain 3.92% over the last week, with a monthly amount glided 7.81%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Global Ship Lease Inc fluctuated between $18.70 and $30.23. 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 $23.06 at the most recent close of the market. An investor can expect a potential return of 25.76% based on the average GSL price forecast.
Analyzing the GSL fundamentals
According to Global Ship Lease Inc [NYSE:GSL], the company’s sales were 707.52M for trailing twelve months, which represents an -0.27% plunge. 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 22.74 points at the first support level, and at 22.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.34, and for the 2nd resistance point, it is at 23.62.
Ratios To Look Out For
It is important to note that Global Ship Lease Inc [NYSE:GSL] has a current ratio of 1.64. In addition, the Quick Ratio stands at 1.58 and the Cash Ratio stands at 1.02. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 0.59 and price to earnings (TTM) ratio is 2.56.
Transactions by insiders
Recent insider trading involved van Lacum Menno, Director, that happened on Sep 05 ’24 when 6000.0 shares were purchased.
