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Global Ship Lease Inc. (GSL) – Don’t Be So Quick to Call it Dead

Global Ship Lease Inc. (NYSE: GSL) is 14.47% higher on its value in year-to-date trading and has touched a low of $14.62 and a high of $30.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GSL stock was last observed hovering at around $19.51 in the last trading session, with the day’s loss setting it -0.45%.

Currently trading at $19.06, the stock is -2.96% and 1.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.58 million and changing -2.31% at the moment leaves the stock 5.31% off its SMA200. GSL registered -30.56% loss for a year compared to 6-month loss of -0.63%.

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The stock witnessed a 1.60% gain in the last 1 month and extending the period to 3 months gives it a 11.40%, and is -7.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.38% over the week and 3.75% over the month.

Global Ship Lease Inc. (GSL) has around 7 employees, a market worth around $693.40M and $645.60M in sales. Current P/E ratio is 2.46 and Fwd P/E is 1.92. Profit margin for the company is 43.90%. Distance from 52-week low is 30.37% and -36.51% from its 52-week high. The company has generated returns on investments over the last 12 months (18.60%).

Global Ship Lease Inc. (GSL) Analyst Forecasts

The EPS is expected to grow by 68.40% this year

Global Ship Lease Inc. (GSL) Top Institutional Holders

The shares outstanding are 36.07M, and float is at 33.48M with Short Float at 9.55%.

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