On Tuesday, Genco Shipping & Trading Limited (NYSE: GNK) was -3.97% drop from the session before settling in for the closing price of $14.61. A 52-week range for GNK has been $14.59 – $23.43.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 4.15%. When this article was written, the company’s average yearly earnings per share was at 157.30%. With a float of $41.84 million, this company’s outstanding shares have now reached $42.76 million.
Considering the fact that the conglomerate employs 1025 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 27.49%, operating margin of 20.78%, and the pretax margin is 15.73%.
Genco Shipping & Trading Limited (GNK) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Genco Shipping & Trading Limited stocks. The insider ownership of Genco Shipping & Trading Limited is 2.14%, while institutional ownership is 67.31%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 157.30% 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
You can see what Genco Shipping & Trading Limited (GNK) is doing with its current performance indicators. In the most recent 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 1.37. Likewise, its price to free cash flow for the trailing twelve months is 14.32.
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 1.71 in one year’s time.
Technical Analysis of Genco Shipping & Trading Limited (GNK)
Compared to the last year’s volume of 0.58 million, its volume of 0.47 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.34%. Additionally, its Average True Range was 0.45.
During the past 100 days, Genco Shipping & Trading Limited’s (GNK) raw stochastic average was set at 1.97%, which indicates a significant decrease from 4.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.17% in the past 14 days, which was higher than the 28.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.42, while its 200-day Moving Average is $19.15. Nevertheless, the first resistance level for the watch stands at $14.38 in the near term. At $14.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.97. If the price goes on to break the first support level at $13.79, it is likely to go to the next support level at $13.56. Should the price break the second support level, the third support level stands at $13.20.
Genco Shipping & Trading Limited (NYSE: GNK) Key Stats
There are 42,758K outstanding shares of the company, which has a market capitalization of 599.89 million. As of now, sales total 383,830 K while income totals -12,870 K. Its latest quarter income was 99,330 K while its last quarter net income were 21,460 K.
