Global Ship Lease Inc (NYSE: GSL) is 9.18% higher on its value in year-to-date trading and has touched a low of $16.80 and a high of $21.94 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 $21.61 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $21.64, the stock is 6.22% and 6.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.31 million and changing 0.14% at the moment leaves the stock 11.43% off its SMA200. GSL registered 11.26% gain for a year compared to 6-month gain of 18.38%. The firm has a 50-day simple moving average (SMA 50) of $2.13 and a 200-day simple moving average (SMA200) of $3.21.
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The stock witnessed a 7.55% loss in the last 1 month and extending the period to 3 months gives it a 5.51%, and is 2.75% up 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 2.42% over the week and 1.92% over the month.
Global Ship Lease Inc (GSL) has around 7 employees, a market worth around $761.51M and $674.79M in sales. Current P/E ratio is 2.61 and Fwd P/E is 3.26. Profit margin for the company is 43.71%. Distance from 52-week low is 28.81% and -1.37% from its 52-week high. The company has generated returns on investments over the last 12 months (16.35%).
Global Ship Lease Inc quarterly earnings per share for the current quarter are estimated at $2.26 with sales reaching $167.91M over the same period.The EPS is expected to grow by 4.58% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to grow 5.40% in year-over-year returns.
152 institutions hold shares in Global Ship Lease Inc (GSL), with institutional investors hold 56.89% of the company’s shares. The shares outstanding are 35.19M, and float is at 32.57M with Short Float at 3.51%. Institutions hold 52.81% of the Float.
The top institutional shareholder in the company is Whitefort Capital Management, LP with over 2.06 million shares valued at $39.94 million. The investor’s holdings represent 5.72% of the GSL Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 1.91 million shares valued at $37.11 million to account for 5.31% of the shares outstanding. The other top investors are Punch & Associates Investment Management, Inc. which holds 1.91 million shares representing 5.31% and valued at over $37.05 million, while Nokomis Capital, L.l.c. holds 3.52% of the shares totaling 1.27 million with a market value of $24.56 million.
