H.C. Wainwright raised the price target for the Genco Shipping & Trading Limited (NYSE:GNK) stock to “a Buy”. The rating was released on September 13, 2021. The research report from DNB Markets has downgraded the stock from Buy to Hold, with a price target set at $10. The stock was initiated by Maxim Group, who disclosed in a research note on January 03, 2019, to Buy and set the price objective to $22. In their research brief published October 04, 2018, B. Riley FBR analysts initiated the Genco Shipping & Trading Limited stock to Buy with a price target of $22.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Genco Shipping & Trading Limited (NYSE:GNK) raised 5.86% to close Friday’s market session at $16.45, higher as compared to yesterday’s close. The stock price fluctuated between $15.30 and $16.60 throughout the trading session with the volume trading being 890055 shares, which represented a significant variation when compared to the three months average volume of 652.17K shares. The firm’s stock price fluctuated 2.88% within the last five trades and 11.53% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 3.26% in the last 6 months and -4.14% was subtracted to its value over the previous 3 months. GNK stock is trading at a margin of 5.67%, 7.17% and -1.56% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, GNK deals in the Industrials domain. The stock is trading -25.23 percent below its 52-week high and 123.81 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 58.22. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Genco Shipping & Trading Limited’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 9.20 percent and the profit margin is 5.50 percent, and the company has reported a gross margin of 45.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $682.35 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Genco Shipping & Trading Limited (NYSE:GNK) is 28.71. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 3.82. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.49 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.83, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Genco Shipping & Trading Limited shares are owned by insiders, and 73.40 percent are held by financial institutions. Adamo Joseph, the Chief Accounting Officer at Genco Shipping & Trading Limited (GNK) has sold 2,739 shares of firm on Sep 16 at a price of $21.34 against the total amount of $58462.0. In another inside trade, Centerbridge Credit Partners, , 10% Owner of Genco Shipping & Trading Limited (NYSE:GNK) sold 146,000 shares of the firm on Aug 18 for a total worth of $2.62 million at a price of $17.97. An inside trade which took place on Aug 18, 10% Owner of Genco Shipping & Trading Limited CCP II Cayman GP Ltd. sold 146,000 shares of firm against total price of $2.62 million at the cost of $17.97 per share.