Genco Shipping & Trading Limited (NYSE: GNK) is -29.96% lower on its value in year-to-date trading and has touched a low of $11.20 and a high of $21.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GNK stock was last observed hovering at around $14.56 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $14.66, the stock is 6.08% and 6.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 0.69% at the moment leaves the stock 0.21% off its SMA200. GNK registered 5.16% gain for a year compared to 6-month loss of 0.55%. The firm has a 50-day simple moving average (SMA 50) of $13.6598 and a 200-day simple moving average (SMA200) of $14.6721.
The stock witnessed a 3.82% gain in the last 1 month and extending the period to 3 months gives it a 14.62%, and is 5.47% 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 3.60% over the week and 3.25% over the month.
Genco Shipping & Trading Limited (GNK) has around 962 employees, a market worth around $629.79M and $376.85M in sales. Current P/E ratio is 14.05 and Fwd P/E is 12.14. Profit margin for the company is 12.12%. Distance from 52-week low is 30.89% and -30.26% from its 52-week high. The company has generated returns on investments over the last 12 months (4.61%).
The EPS is expected to shrink by -78.71% this year
247.0 institutions hold shares in Genco Shipping & Trading Limited (GNK), with institutional investors hold 73.68% of the company’s shares. The shares outstanding are 42.96M, and float is at 37.79M with Short Float at 6.74%. Institutions hold 66.62% of the Float.
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 8.7075 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 3.5912 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 WOBENSMITH JOHN C, the company’s CEO, President, and Secretary. SEC filings show that WOBENSMITH JOHN C sold 9,533 shares of the company’s common stock on Mar 04 ’25 at a price of $14.12 per share for a total of $0.13 million. Following the sale, the insider now owns 0.51 million shares.
Genco Shipping & Trading Limited disclosed in a document filed with the SEC on Feb 24 ’25 that Christensen Jesper (Chief Commercial Officer) sold a total of 13,602 shares of the company’s common stock. The trade occurred on Feb 24 ’25 and was made at $13.96 per share for $0.19 million. Following the transaction, the insider now directly holds 57322.0 shares of the GNK stock.
Still, SEC filings show that on Feb 24 ’25, Allen Peter George (Chief Financial Officer) disposed off 8,984 shares at an average price of $13.96 for $0.13 million. The insider now directly holds 45,251 shares of Genco Shipping & Trading Limited (GNK).
