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The closing price of Genco Shipping & Trading Limited (NYSE: GNK) was $16.36 for the day, down -0.85% from the previous closing price of $16.50. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 0.55 million shares were traded. GNK stock price reached its highest trading level at $16.42 during the session, while it also had its lowest trading level at $16.26.
Ratios:
Our analysis of GNK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.43. For the most recent quarter (mrq), Quick Ratio is recorded 2.94 and its Current Ratio is at 3.59. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
On September 30, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $20.
On August 03, 2022, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $29.Alliance Global Partners initiated its Buy rating on August 03, 2022, with a $29 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 13 ’24 when REGAN ARTHUR L sold 1,400 shares for $22.86 per share. The transaction valued at 32,004 led to the insider holds 104,414 shares of the business.
Adamo Joseph sold 1,396 shares of GNK for $28,478 on Feb 29 ’24. The Chief Accounting Officer now owns 17,994 shares after completing the transaction at $20.40 per share. On Feb 23 ’24, another insider, Christensen Jesper, who serves as the Chief Commercial Officer of the company, sold 12,404 shares for $19.80 each. As a result, the insider received 245,636 and left with 42,587 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GNK now has a Market Capitalization of 699519296 and an Enterprise Value of 764162240. As of this moment, Genco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.82, and their Forward P/E ratio for the next fiscal year is 8.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 1.805 whereas that against EBITDA is 6.644.
Stock Price History:
Over the past 52 weeks, GNK has reached a high of $23.43, while it has fallen to a 52-week low of $12.65. The 50-Day Moving Average of the stock is -7.26%, while the 200-Day Moving Average is calculated to be -15.98%.
Shares Statistics:
GNK traded an average of 439.71K shares per day over the past three months and 342030 shares per day over the past ten days. A total of 42.55M shares are outstanding, with a floating share count of 41.84M. Insiders hold about 2.14% of the company’s shares, while institutions hold 66.89% stake in the company. Shares short for GNK as of 1727654400 were 606540 with a Short Ratio of 1.38, compared to 1724976000 on 938961. Therefore, it implies a Short% of Shares Outstanding of 606540 and a Short% of Float of 1.4400001.
Dividends & Splits
With its trailing 12-month dividend rate of 1.32, GNK has a forward annual dividend rate of 1.32. Against a Trailing Annual Dividend Yield of 0.080000006
