Currently, there are 42.76M common shares owned by the public and among those 41.84M shares have been available to trade.
The company’s stock has a 5-day price change of -0.76% and -14.96% over the past three months. GNK shares are trading 3.16% year to date (YTD), with the 12-month market performance down to -11.78% lower. It has a 12-month low price of $13.51 and touched a high of $23.43 over the same period. GNK has an average intraday trading volume of 469.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.71%, -6.86%, and -22.41% respectively.
Institutional ownership of Genco Shipping & Trading Limited (NYSE: GNK) shares accounts for 67.56% of the company’s 42.76M shares outstanding.
It has a market capitalization of $614.86M and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 9.14, while the earnings-per-share (ttm) stands at $1.57. The company has a PEG of 0.25 and a Quick Ratio of 2.49 with the debt-to-equity ratio at 0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.47% over the week and 2.80% over the month.
Analysts forecast that Genco Shipping & Trading Limited (GNK) will achieve an EPS of 0.43 for the current quarter, 0.23 for the next quarter and 1.61 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.34 while analysts give the company a high EPS estimate of 0.34. Comparatively, EPS for the current quarter was 0.43 a year ago. Earnings per share for the fiscal year are expected to increase by 156.22%, and -3.81% over the next financial year. EPS should grow at an annualized rate of 36.21% over the next five years, compared to 18.91% over the past 5-year period.
Looking at the support for the GNK, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on October 23, 2024, with the firm’s price target at $26-$17. Stifel was of a view on September 30, 2022 that the stock is Buy, while Alliance Global Partners gave the stock Buy rating on August 03, 2022, issuing a price target of $29. Jefferies on their part issued Buy rating on July 21, 2022.
