Genco Shipping & Trading Limited (NYSE:GNK) currently has a daily average trading volume of 960.16K but it saw 967491 shares traded on Thursday. With a market cap of 543.57M USD, stock’s current market price of $12.65 came falling about -2.39 while comparing to the previous closing price of $12.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.15 and as low as $11.92. In the recent trading on the day, stock has struck highest price mark of $12.88 while lowest mark touched by it was $12.49.
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Taking a look at 20-day trading activity of Genco Shipping & Trading Limited (GNK) gives us an average price of $13.91, while its current price level is -53.41% below from 52-week high level whereas it is 6.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.92 while that of 200 days or SMA-200 reads an average of $15.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.57% during that period while stretching the period over a month that increases to 3.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 27.03 which implies that the stock is in oversold territory.
Genco Shipping & Trading Limited (GNK)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $20.00 and $28.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $20.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $28.00. Average price target assigned by them is $23.98 which highlights an upside potential of 47.25% for the stock over that period. And to attain the median price target of $24.00 assigned by those analysts, stock has to add about 47.29% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 9 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, GNK’s stock price is moving -8.66% down while it is -16.78% when we observe its performance for the past one month. Year-to-date it is -17.64% down and over the past year, the stock is showing a downside performance of -48.43%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.06 beaten by the consensus estimate of $0.13 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0.33 while estimate for next year EPS is $2.22. For GNK, analysts are forecasting an EPS-growth rate of -40.00% for current year and estimate for EPS growth in next year is 37.80%. In next quarter, company is expected to be making quarterly sales of $92.05 million as analysts are expecting the sales for current fiscal year at $330.97 million and seeing the company making $364.41 million in sales next year. Moreover, analysts are in estimates of $71.79 million for current-quarter revenue.
Currently, Genco Shipping & Trading Limited’s total number of outstanding shares is 42.63M with 1.20% of that held by the insiders while 55.72% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 12.50%. It has a price to earnings ratio (P/E ratio) of 4.55 while having a 4.61 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 0.57 while price to sale or P/S ratio amounts to 1.10. Its return on asset (ROA) is 10.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that DFA US Small Cap Value Portfolio came shrinking its share ownership by 35.10% in the Genco Shipping & Trading Limited (GNK) increasing its stake to 2.45% with control over 0.27 million shares in the company. As per SEC documents, DFA US Small Cap Value Portfolio shunned 1,036,231 of company’s common stock of worth $15.97 million as per recent closing price of the stock. DFA US Small Cap Value Portfolio is not the only institutional holder which restructured its stake in Genco Shipping & Trading Limited, as iShares Russell 2000 ETF dumped 773,646 shares of worth $11.92 million to bring its holdings to a total of 11280.0 shares. In the most recent quarter, Global X SuperDividend US ETF came rising its stake by 0.06% in the company and now holds 0.75 million or 1.78% of the company’s stake having worth of about 11.6 million.
