Genco Shipping & Trading Limited (NYSE: GNK) is 3.01% higher on its value in year-to-date trading and has touched a low of $13.51 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 $14.44 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $14.36, the stock is -0.80% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -0.55% at the moment leaves the stock -18.51% off its SMA200. GNK registered -26.25% loss for a year compared to 6-month loss of -16.51%.
The stock witnessed a 1.34% gain in the last 1 month and extending the period to 3 months gives it a -14.83%, and is -2.38% 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 3.22% over the week and 3.00% over the month.
Genco Shipping & Trading Limited (GNK) has around 962 employees, a market worth around $614.00M and $423.02M in sales. Current P/E ratio is 8.20 and Fwd P/E is 12.45. Profit margin for the company is 18.06%. Distance from 52-week low is 6.29% and -38.71% from its 52-week high. The company has generated returns on investments over the last 12 months (7.53%).
with sales reaching $43.38M over the same period.The EPS is expected to shrink by -68.84% this year, but quarterly earnings will post -19.45% year-over-year. Quarterly sales are estimated to shrink -45.94% in year-over-year returns.
The shares outstanding are 42.76M, and float is at 41.84M with Short Float at 2.07%.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.75 million shares valued at $79.93 million. The investor’s holdings represent 8.739 of the GNK Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 2.87 million shares valued at $61.15 million to account for 6.6614 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.55 million shares representing 3.6042 and valued at over $32.96 million, while STATE STREET CORP holds 2.7359 of the shares totaling 1.18 million with a market value of $25.11 million.
Genco Shipping & Trading Limited (GNK) Insider Activity
The most recent transaction is an insider sale by Christensen Jesper, the company’s Chief Commercial Officer. SEC filings show that Christensen Jesper sold 13,602 shares of the company’s common stock on Feb 24 ’25 at a price of $13.96 per share for a total of $0.19 million. Following the sale, the insider now owns 57322.0 shares.
Genco Shipping & Trading Limited disclosed in a document filed with the SEC on Feb 24 ’25 that Allen Peter George (Chief Financial Officer) sold a total of 8,984 shares of the company’s common stock. The trade occurred on Feb 24 ’25 and was made at $13.96 per share for $0.13 million. Following the transaction, the insider now directly holds 45251.0 shares of the GNK stock.
Still, SEC filings show that on Feb 24 ’25, Adamo Joseph (Chief Accounting Officer) disposed off 6,226 shares at an average price of $13.96 for $86902.0. The insider now directly holds 26,829 shares of Genco Shipping & Trading Limited (GNK).
