Genco Shipping & Trading Limited [NYSE: GNK] traded at a high on Wednesday, posting a 0.29 gain after which it closed the day’ session at $14.06.
The results of the trading session contributed to over 291163 shares changing hands. Over the past one week, the price volatility of Genco Shipping & Trading Limited stands at 3.51% while the volatility over the past one month is 2.81%.
The market cap for GNK stock reached $601.18 million, with 42.76 million shares outstanding and 41.84 million shares in the current float. Compared to the average trading volume of 462.48K shares, GNK reached a trading volume of 291163 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Genco Shipping & Trading Limited [GNK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GNK shares is $22.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GNK stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Genco Shipping & Trading Limited shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 23, 2024. The new note on the price target was released on January 05, 2024, representing the official price target for Genco Shipping & Trading Limited stock. Previously, the target price had yet another raise to $20, while Stifel analysts kept a Buy rating on GNK stock.
The Average True Range (ATR) for Genco Shipping & Trading Limited is set at 0.43, with the Price to Sales ratio for GNK stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for GNK in the course of the last twelve months was 14.35 with Quick ratio for the last quarter at 2.49.
How has GNK stock performed recently?
Genco Shipping & Trading Limited [GNK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.86. With this latest performance, GNK shares dropped by -6.45% in over the last four-week period, additionally sinking by -32.18% over the last 6 months – not to mention a drop of -14.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GNK stock in for the last two-week period is set at 39.95, with the RSI for the last a single of trading hit 43.51, and the three-weeks RSI is set at 38.66 for Genco Shipping & Trading Limited [GNK]. The present Moving Average for the last 50 days of trading for this stock 15.60, while it was recorded at 14.14 for the last single week of trading, and 18.70 for the last 200 days.
Genco Shipping & Trading Limited [GNK]: Deeper insight into the fundamentals
Genco Shipping & Trading Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.49 and a Current Ratio set at 3.09.
Earnings analysis for Genco Shipping & Trading Limited [GNK]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GNK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Genco Shipping & Trading Limited go to 36.21%.
Insider trade positions for Genco Shipping & Trading Limited [GNK]
There are presently around $68.75%, or 70.27%% of GNK stock, in the hands of institutional investors. The top three institutional holders of GNK stocks are: BLACKROCK INC. with ownership of 3.75 million shares, which is approximately 8.739%. DIMENSIONAL FUND ADVISORS LP, holding 2.87 million shares of the stock with an approximate value of $$61.15 million in GNK stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $$32.96 million in GNK stock with ownership which is approximately 3.6042%.
