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A peek at Genco Shipping & Trading Limited (GNK): Who has invested in It?

Genco Shipping & Trading Limited (NYSE: GNK) is 24.95% higher on its value in year-to-date trading and has touched a low of $12.65 and a high of $23.43 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 GNK stock was last observed hovering at around $20.53 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $20.73, the stock is -1.95% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 0.97% at the moment leaves the stock 14.42% off its SMA200. GNK registered 54.59% gain for a year compared to 6-month gain of 25.87%.

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The stock witnessed a -4.65% loss in the last 1 month and extending the period to 3 months gives it a 1.72%, and is -5.21% 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 2.11% over the week and 2.09% over the month.

Genco Shipping & Trading Limited (GNK) has around 1025 employees, a market worth around $886.21M and $406.87M in sales. Current P/E ratio is 315.53 and Fwd P/E is 9.19. Profit margin for the company is 0.81%. Distance from 52-week low is 63.87% and -11.52% from its 52-week high. The company has generated returns on investments over the last 12 months (0.31%).

The EPS is expected to grow by 227.75% this year

The shares outstanding are 42.55M, and float is at 41.84M with Short Float at 3.28%.

Genco Shipping & Trading Limited (GNK) Insider Activity

The most recent transaction is an insider sale by REGAN ARTHUR L, the company’s Director. SEC filings show that REGAN ARTHUR L sold 1,400 shares of the company’s common stock on May 13 ’24 at a price of $22.86 per share for a total of $32004.0. Following the sale, the insider now owns 0.1 million shares.

Genco Shipping & Trading Limited disclosed in a document filed with the SEC on Feb 29 ’24 that Adamo Joseph (Chief Accounting Officer) sold a total of 1,396 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $20.40 per share for $28478.0. Following the transaction, the insider now directly holds 17994.0 shares of the GNK stock.

Still, SEC filings show that on Feb 23 ’24, WOBENSMITH JOHN C (CEO, President, and Secretary) disposed off 35,660 shares at an average price of $19.80 for $0.71 million. The insider now directly holds 466,684 shares of Genco Shipping & Trading Limited (GNK).

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