On May 23, 2023, Genco Shipping & Trading Limited (NYSE: GNK) opened at $13.52, lower -1.85% from the last session. During the day, the shares moved up to $13.63 and dropped to $13.22 before settling in for the closing price of $13.52. Price fluctuations for GNK have ranged from $11.92 to $27.15 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 20.70%. Company’s average yearly earnings per share was noted -13.50% at the time writing. With a float of $39.76 million, this company’s outstanding shares have now reached $42.63 million.
The extent of productivity of a business whose workforce counts for 970 workers is very important to gauge. In terms of profitability, gross margin is +36.55, operating margin of +30.92, and the pretax margin is +29.68.
Genco Shipping & Trading Limited (GNK) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Marine Shipping industry is another important factor to consider. The insider ownership of Genco Shipping & Trading Limited is 0.20%, while institutional ownership is 65.00%. The most recent insider transaction that took place on May 08, was worth 132,205. In this transaction Director of this company sold 9,423 shares at a rate of $14.03, taking the stock ownership to the 99,671 shares. Before that another transaction happened on Feb 27, when Company’s CEO, President, and Secretary sold 14,164 for $19.40, making the entire transaction worth $274,765. This insider now owns 431,024 shares in total.
Genco Shipping & Trading Limited (GNK) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.06 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.13) by -$0.07. This company achieved a net margin of +29.53 while generating a return on equity of 16.83. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.50% per share during the next fiscal year.
Genco Shipping & Trading Limited (NYSE: GNK) Trading Performance Indicators
Check out the current performance indicators for Genco Shipping & Trading Limited (GNK). In the past quarter, the stock posted a quick ratio of 2.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 16.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.78, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 2.75 in one year’s time.
Technical Analysis of Genco Shipping & Trading Limited (GNK)
The latest stats from [Genco Shipping & Trading Limited, GNK] show that its last 5-days average volume of 0.85 million was inferior to 0.94 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 8.02%. Additionally, its Average True Range was 0.47.
During the past 100 days, Genco Shipping & Trading Limited’s (GNK) raw stochastic average was set at 7.46%, which indicates a significant decrease from 28.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.81% in the past 14 days, which was higher than the 38.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.07, while its 200-day Moving Average is $15.38. Now, the first resistance to watch is $13.53. This is followed by the second major resistance level at $13.78. The third major resistance level sits at $13.94. If the price goes on to break the first support level at $13.12, it is likely to go to the next support level at $12.96. The third support level lies at $12.71 if the price breaches the second support level.
Genco Shipping & Trading Limited (NYSE: GNK) Key Stats
There are currently 42,508K shares outstanding in the company with a market cap of 570.21 million. Presently, the company’s annual sales total 536,930 K according to its annual income of 158,580 K. Last quarter, the company’s sales amounted to 94,390 K and its income totaled 2,630 K.
