A share price of Genco Shipping & Trading Limited [GNK] is currently trading at $14.13, up 4.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The GNK shares have gain 0.93% over the last week, with a monthly amount drifted -3.29%, and not seem to be holding up well over a long-time horizon.
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.
Genco Shipping & Trading Limited experienced fluctuations in its stock price throughout the past year between $13.36 and $23.43. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Genco Shipping & Trading Limited [NYSE: GNK] shares were valued at $14.13 at the most recent close of the market. An investor can expect a potential return of 20.31% based on the average GNK price forecast.
Analyzing the GNK fundamentals
Trailing Twelve Months sales for Genco Shipping & Trading Limited [NYSE:GNK] were 423.02M which represents -14.12% decline. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 30.13%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 13.80 points at the first support level, and at 13.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.42, and for the 2nd resistance point, it is at 14.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Genco Shipping & Trading Limited [NYSE:GNK] is 2.38. On the other hand, the Quick Ratio is 1.83, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 0.65 and price to earnings (TTM) ratio is 8.07.
Transactions by insiders
Recent insider trading involved WOBENSMITH JOHN C, CEO, President, and Secretary, that happened on Mar 04 ’25 when 9533.0 shares were sold. Chief Commercial Officer, Christensen Jesper completed a deal on Feb 24 ’25 to sell 13602.0 shares. Meanwhile, Chief Financial Officer Allen Peter George sold 8984.0 shares on Feb 24 ’25.
