Global Ship Lease Inc (NYSE: GSL) on Friday, plunged -1.88% from the previous trading day, before settling in for the closing price of $24.95. Within the past 52 weeks, GSL’s price has moved between $17.73 and $30.23.
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Annual sales at Industrials sector company grew by 24.15% over the past five years. The company achieved an average annual earnings per share of -4.28%. With a float of $33.08 million, this company’s outstanding shares have now reached $35.61 million.
Let’s look at the performance matrix of the company that is accounted for 7 employees. In terms of profitability, gross margin is 55.57%, operating margin of 53.51%, and the pretax margin is 49.91%.
Global Ship Lease Inc (GSL) Insider Updates
Observing investor behavior towards Marine Shipping industry stocks is more important than anything else. The insider ownership of Global Ship Lease Inc is 7.44%, while institutional ownership is 52.07%. The most recent insider transaction that took place on Sep 05 ’24, was worth 142,740.
Global Ship Lease Inc (GSL) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -4.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.51% during the next five years compared to 46.26% growth over the previous five years of trading.
Global Ship Lease Inc (NYSE: GSL) Trading Performance Indicators
Global Ship Lease Inc (GSL) is currently performing well based on its current performance indicators. A quick ratio of 1.71 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21. Likewise, its price to free cash flow for the trailing twelve months is 6.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.59, a number that is poised to hit 2.31 in the next quarter and is forecasted to reach 9.12 in one year’s time.
Technical Analysis of Global Ship Lease Inc (GSL)
Global Ship Lease Inc (NYSE: GSL) saw its 5-day average volume 0.74 million, a positive change from its year-to-date volume of 0.4 million. As of the previous 9 days, the stock’s Stochastic %D was 55.29%. Additionally, its Average True Range was 0.84.
During the past 100 days, Global Ship Lease Inc’s (GSL) raw stochastic average was set at 75.67%, which indicates a significant increase from 59.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.73% in the past 14 days, which was higher than the 39.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.24, while its 200-day Moving Average is $23.15. Nevertheless, the first resistance level for the watch stands at $24.66 in the near term. At $24.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.19. If the price goes on to break the first support level at $24.13, it is likely to go to the next support level at $23.77. Assuming the price breaks the second support level, the third support level stands at $23.60.
Global Ship Lease Inc (NYSE: GSL) Key Stats
Market capitalization of the company is 874.82 million based on 35,447K outstanding shares. Right now, sales total 711,060 K and income totals 353,630 K. The company made 182,430 K in profit during its latest quarter, and 92,560 K in sales during its previous quarter.
