Genco Shipping & Trading Limited (GNK) 20 Days SMA touch -5.61%: Odds are Looking very much in favour

As on Wednesday, Genco Shipping & Trading Limited (NYSE: GNK) started slowly as it slid -4.58% to $16.03, before settling in for the price of $16.80 at the close. Taking a more long-term approach, GNK posted a 52-week range of $14.02-$23.43.

The company of the Industrials sector’s yearbook sales growth during the past 5- year span was recorded 4.15%. Meanwhile, its Annual Earning per share during the time was 18.91%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 157.13%. This publicly-traded company’s shares outstanding now amounts to $42.55 million, simultaneously with a float of $41.84 million. The organization now has a market capitalization sitting at $654.00 million. At the time of writing, stock’s 50-day Moving Average stood at $17.36, while the 200-day Moving Average is $19.41.

Genco Shipping & Trading Limited (GNK) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Marine Shipping industry. Genco Shipping & Trading Limited’s current insider ownership accounts for 2.14%, in contrast to 67.56% institutional ownership. According to the most recent insider trade that took place on May 13 ’24, this organization’s Director sold 1,400 shares at the rate of 22.86, making the entire transaction reach 32,004 in total value, affecting insider ownership by 104,414. Preceding that transaction, on Feb 29 ’24, Company’s Chief Accounting Officer sold 1,396 for 20.40, making the whole transaction’s value amount to 28,478. This particular insider is now the holder of 17,994 in total.

Genco Shipping & Trading Limited (GNK) Earnings and Revenue Records

Genco Shipping & Trading Limited’s EPS increase for this current 12-month fiscal period is 157.13% and is forecasted to reach 1.82 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 36.21% through the next 5 years, which can be compared against the 18.91% growth it accomplished over the previous five years trading on the market.

Genco Shipping & Trading Limited (NYSE: GNK) Trading Performance Indicators

Let’s observe the current performance indicators for Genco Shipping & Trading Limited (GNK). It’s Quick Ratio in the last reported quarter now stands at 2.49. The Stock has managed to achieve an average true range (ATR) of 0.47. Alongside those numbers, its PE Ratio stands at $10.18, and its Beta score is 0.96. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.49. Similarly, its price to free cash flow for trailing twelve months is now 15.62.

In the same vein, GNK’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.57, a figure that is expected to reach 0.42 in the next quarter, and analysts are predicting that it will be 1.82 at the market close of one year from today.

Technical Analysis of Genco Shipping & Trading Limited (GNK)

Through scrutinizing the latest numbers posted by the [Genco Shipping & Trading Limited, GNK], it can be observed that its last 5-days Average volume of 0.59 million was better the volume of 0.59 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 17.19% While, its Average True Range was 0.49.

Raw Stochastic average of Genco Shipping & Trading Limited (GNK) in the period of the previous 100 days is set at 8.68%, which indicates a major rise in contrast to 1.53% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 26.17% that was lower than 27.75% volatility it exhibited in the past 100-days period.