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After finishing at $16.86 in the prior trading day, Genco Shipping & Trading Limited (NYSE: GNK) closed at $17.04, up 1.07%. In other words, the price has increased by $1.07 from its previous closing price. On the day, 0.69 million shares were traded. GNK stock price reached its highest trading level at $17.095 during the session, while it also had its lowest trading level at $16.6999.
Ratios:
Our goal is to gain a better understanding of GNK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.53. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 3.09. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on October 23, 2024, Downgraded its rating to Hold and sets its target price to $17 from $26 previously.
On September 30, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $20.Stifel initiated its Buy rating on September 30, 2022, with a $20 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 728594624 and an Enterprise Value of 757661504. As of this moment, Genco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.83, and their Forward P/E ratio for the next fiscal year is 9.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 1.725 whereas that against EBITDA is 5.515.
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 $14.02. The 50-Day Moving Average of the stock is -2.09%, while the 200-Day Moving Average is calculated to be -12.27%.
Shares Statistics:
The stock has traded on average 447.83K shares per day over the past 3-months and 530880 shares per day over the last 10 days, according to various share statistics. 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 67.56% stake in the company. Shares short for GNK as of 1730332800 were 712583 with a Short Ratio of 1.59, compared to 1727654400 on 606540. Therefore, it implies a Short% of Shares Outstanding of 712583 and a Short% of Float of 1.6900001000000002.
Dividends & Splits
In the trailing 12 months, GNK’s forward annual dividend rate was 1.57, compared to 1.57 this year. Against a Trailing Annual Dividend Yield of 0.09311981The stock’s 5-year Average Dividend Yield is 6.79.
