Global Ship Lease Inc [NYSE: GSL] traded at a high on Thursday, posting a 1.83 gain after which it closed the day’ session at $20.54.
The results of the trading session contributed to over 183947 shares changing hands. Over the past one week, the price volatility of Global Ship Lease Inc stands at 2.58% while the volatility over the past one month is 3.87%.
The market cap for GSL stock reached $734.02 million, with 35.45 million shares outstanding and 33.08 million shares in the current float. Compared to the average trading volume of 427.27K shares, GSL reached a trading volume of 183947 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Global Ship Lease Inc [GSL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GSL shares is $30.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GSL stock is a recommendation set at 1.50. 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.
Clarksons Platou have made an estimate for Global Ship Lease Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 14, 2024. The new note on the price target was released on August 08, 2024, representing the official price target for Global Ship Lease Inc stock. Previously, the target price had yet another raise to $22, while Jefferies analysts kept a Buy rating on GSL stock.
The Average True Range (ATR) for Global Ship Lease Inc is set at 0.84, with the Price to Sales ratio for GSL stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 6.24. Price to Free Cash Flow for GSL in the course of the last twelve months was 3.91 with Quick ratio for the last quarter at 1.07.
How has GSL stock performed recently?
Global Ship Lease Inc [GSL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.56. With this latest performance, GSL shares dropped by -13.11% in over the last four-week period, additionally sinking by -15.47% over the last 6 months – not to mention a drop of -4.01% 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 GSL stock in for the last two-week period is set at 44.95, with the RSI for the last a single of trading hit 47.52, and the three-weeks RSI is set at 44.60 for Global Ship Lease Inc [GSL]. The present Moving Average for the last 50 days of trading for this stock 22.09, while it was recorded at 20.24 for the last single week of trading, and 23.57 for the last 200 days.
Global Ship Lease Inc [GSL]: Deeper insight into the fundamentals
Global Ship Lease Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 1.14.
Earnings analysis for Global Ship Lease Inc [GSL]
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 GSL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Global Ship Lease Inc go to -9.47%.
Insider trade positions for Global Ship Lease Inc [GSL]
There are presently around $54.03%, or 58.87%% of GSL stock, in the hands of institutional investors. The top three institutional holders of GSL stocks are: DONALD SMITH & CO., INC. with ownership of 1.63 million shares, which is approximately 4.628%. MORGAN STANLEY, holding 1.51 million shares of the stock with an approximate value of $$43.46 million in GSL stocks shares; and MORGAN STANLEY, currently with $$43.41 million in GSL stock with ownership which is approximately 4.2897%.
