Currently, there are 42.76M common shares owned by the public and among those 41.83M shares have been available to trade.
The company’s stock has a 5-day price change of 1.53% and -17.18% over the past three months. GNK shares are trading 4.81% year to date (YTD), with the 12-month market performance down to -17.18% 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 438.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.21%, 1.04%, and -18.53% respectively.
Institutional ownership of Genco Shipping & Trading Limited (NYSE: GNK) shares accounts for 66.47% of the company’s 42.76M shares outstanding.
It has a market capitalization of $624.72M and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 9.28, while the earnings-per-share (ttm) stands at $1.57. The company has a PEG of 0.27 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 2.34% over the week and 2.68% over the month.
Earnings per share for the fiscal year are expected to increase by 143.79%, and -53.30% over the next financial year. EPS should grow at an annualized rate of 34.86% 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.
