On Tuesday, Genco Shipping & Trading Limited (NYSE: GNK) opened lower -2.27% from the last session, before settling in for the closing price of $17.60. Price fluctuations for GNK have ranged from $14.02 to $23.43 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 4.15% over the last five years. Company’s average yearly earnings per share was noted 157.13% at the time writing. With a float of $41.84 million, this company’s outstanding shares have now reached $42.55 million.
The firm has a total of 1025 workers. Let’s measure their productivity. In terms of profitability, gross margin is -6670.9%, operating margin of 20.78%, and the pretax margin is 4895.3%.
Genco Shipping & Trading Limited (GNK) Insider Activity
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 2.14%, while institutional ownership is 67.53%. The most recent insider transaction that took place on May 13 ’24, was worth 32,004. In this transaction Director of this company sold 1,400 shares at a rate of $22.86, taking the stock ownership to the 104,414 shares. Before that another transaction happened on Feb 29 ’24, when Company’s Chief Accounting Officer sold 1,396 for $20.40, making the entire transaction worth $28,478. This insider now owns 17,994 shares in total.
Genco Shipping & Trading Limited (GNK) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 157.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 36.21% during the next five years compared to 18.91% growth over the previous five years of trading.
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 2.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67. Likewise, its price to free cash flow for the trailing twelve months is 17.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.57, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 1.82 in one year’s time.
Technical Analysis of Genco Shipping & Trading Limited (GNK)
Analysing the last 5-days average volume posted by the [Genco Shipping & Trading Limited, GNK], we can find that recorded value of 0.5 million was lower than the volume posted last year of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 48.33%. Additionally, its Average True Range was 0.44.
During the past 100 days, Genco Shipping & Trading Limited’s (GNK) raw stochastic average was set at 24.89%, which indicates a significant decrease from 59.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.62% in the past 14 days, which was lower than the 27.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.43, while its 200-day Moving Average is $19.44. Now, the first resistance to watch is $17.41. This is followed by the second major resistance level at $17.61. The third major resistance level sits at $17.80. If the price goes on to break the first support level at $17.02, it is likely to go to the next support level at $16.83. Should the price break the second support level, the third support level stands at $16.63.
Genco Shipping & Trading Limited (NYSE: GNK) Key Stats
There are currently 42,758K shares outstanding in the company with a market cap of 735.44 million. Presently, the company’s annual sales total 383,830 K according to its annual income of -12,870 K. Last quarter, the company’s sales amounted to 99,330 K and its income totaled 21,460 K.
