Genco Shipping & Trading Limited (NYSE:GNK) shares, rose in value on Friday, May 09, with the stock price up by 0.22% to the previous day’s close as strong demand from buyers drove the stock to $13.54.
Actively observing the price movement in the last trading, the stock closed the session at $13.51. The PE ratio was 12.98 over 12-month period. Referring to stock’s 52-week performance, its high was $23.43, and the low was $11.20. On the whole, GNK has fluctuated by 8.32% over the past month.
With the market capitalization of Genco Shipping & Trading Limited currently standing at about $581.67 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 10.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 249.63M, with a low estimate of 49.23M and a high estimate of 62.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 55.01M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GNK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.18, with the price of GNK currently trading nearly 4.25% and 2.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.77, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.74%. Furthermore, Genco Shipping & Trading Limited (GNK)’s beta value is 1.21, and its average true range (ATR) is 0.43.
A comparison of Genco Shipping & Trading Limited (GNK) with its peers suggests the former has fared considerably weaker in the market. GNK showed an intraday change of 0.22% in last session, and over the past year, it shrunk by -39.66%%.
Data on historical trading for Genco Shipping & Trading Limited (NYSE:GNK) indicates that the trading volumes over the past 3 months, they’ve averaged 764.07K. According to company’s latest data on outstanding shares, there are 42.96 million shares outstanding.
Nearly 9.63% of Genco Shipping & Trading Limited’s shares belong to company insiders and institutional investors own 67.66% of the company’s shares. The stock has fallen by -2.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GNK stock heading into the next quarter.
