A new trading day began on Tuesday, with Genco Shipping & Trading Limited (NYSE: GNK) stock price up 0.30% from the previous day of trading ,before settling in for the closing price of $20.32. GNK’s price has ranged from $12.39 to $21.24 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 4.15% over the past five years. Meanwhile, its annual earnings per share averaged 250.17%. With a float of $37.67 million, this company’s outstanding shares have now reached $42.55 million.
Let’s look at the performance matrix of the company that is accounted for 1025 employees.
Genco Shipping & Trading Limited (GNK) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Marine Shipping Industry. The insider ownership of Genco Shipping & Trading Limited is 11.83%, while institutional ownership is 55.13%. The most recent insider transaction that took place on Feb 29 ’24, was worth 28,478. In this transaction Chief Accounting Officer of this company sold 1,396 shares at a rate of $20.40, taking the stock ownership to the 17,994 shares. Before that another transaction happened on Feb 23 ’24, when Company’s CEO, President, and Secretary sold 35,660 for $19.80, making the entire transaction worth $706,015. This insider now owns 466,684 shares in total.
Genco Shipping & Trading Limited (GNK) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.43 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 250.17% per share during the next fiscal year.
Genco Shipping & Trading Limited (NYSE: GNK) Trading Performance Indicators
Here are Genco Shipping & Trading Limited’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.30, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.45 in one year’s time.
Technical Analysis of Genco Shipping & Trading Limited (GNK)
Genco Shipping & Trading Limited (NYSE: GNK) saw its 5-day average volume 0.61 million, a negative change from its year-to-date volume of 0.76 million. As of the previous 9 days, the stock’s Stochastic %D was 56.45%. Additionally, its Average True Range was 0.49.
During the past 100 days, Genco Shipping & Trading Limited’s (GNK) raw stochastic average was set at 88.88%, which indicates a significant increase from 59.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.96% in the past 14 days, which was lower than the 32.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.43, while its 200-day Moving Average is $15.69. Nevertheless, the first resistance level for the watch stands at $20.51 in the near term. At $20.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.82. If the price goes on to break the first support level at $20.21, it is likely to go to the next support level at $20.04. Assuming the price breaks the second support level, the third support level stands at $19.90.
Genco Shipping & Trading Limited (NYSE: GNK) Key Stats
With a market capitalization of 870.84 million, the company has a total of 42,730K Shares Outstanding. Currently, annual sales are 383,830 K while annual income is -12,870 K. The company’s previous quarter sales were 115,520 K while its latest quarter income was 4,940 K.
