Genco Shipping & Trading Limited (NYSE:GNK) went down by -0.85% from its latest closing price compared to the recent 1-year high of $10.18. The company’s stock price has collected 3.68% of gains in the last five trading sessions. Press Release reported on 12/21/20 that Genco Shipping & Trading to Acquire Three Modern, Fuel-Efficient Ultramax Vessels in Exchange for Six Older Non-Core Handysize Vessels
Is It Worth Investing in Genco Shipping & Trading Limited (NYSE :GNK) Right Now?
Plus, the 36-month beta value for GNK is at 0.78. Opinions of the stock are interesting as 6 analysts out of 7 who provided ratings for Genco Shipping & Trading Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $10.59, which is $2.11 above the current price. GNK currently public float of 28.95M and currently shorts hold a 0.97% ratio of that float. Today, the average trading volume of GNK was 307.04K shares.
GNK’s Market Performance
GNK stocks went up by 3.68% for the week, with a monthly jump of 3.68% and a quarterly performance of 9.95%, while its annual performance rate touched -17.21%. The volatility ratio for the week stands at 5.93% while the volatility levels for the past 30 days are set at 5.19% for Genco Shipping & Trading Limited. The simple moving average for the period of the last 20 days is 8.68% for GNK stocks with a simple moving average of 23.14% for the last 200 days.
Analysts’ Opinion of GNK
DNB Markets, on the other hand, stated in their research note that they expect to see GNK reach a price target of $10. The rating they have provided for GNK stocks is “Hold” according to the report published on March 09th, 2020.
Maxim Group gave a rating of “Buy” to GNK, setting the target price at $22 in the report published on January 03rd of the previous year.
GNK Trading at 11.80% from the 50-Day Moving Average
After a stumble in the market that brought GNK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.65% of loss for the given period.
Volatility was left at 5.19%, however, over the last 30 days, the volatility rate increased by 5.93%, as shares surge +10.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.13% upper at present.
During the last 5 trading sessions, GNK rose by +3.68%, which changed the moving average for the period of 200-days by +46.59% in comparison to the 20-day moving average, which settled at $7.57. In addition, Genco Shipping & Trading Limited saw 11.14% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GNK starting from Strategic Value Partners, LLC, who sale 4,403,700 shares at the price of $8.12 back on Jan 12. After this action, Strategic Value Partners, LLC now owns 100,547 shares of Genco Shipping & Trading Limited, valued at $35,758,044 using the latest closing price.
CCP II Cayman GP Ltd., the 10% Owner of Genco Shipping & Trading Limited, sale 30,000 shares at $8.23 during a trade that took place back on Jan 12, which means that CCP II Cayman GP Ltd. is holding 1,043,831 shares at $246,924 based on the most recent closing price.
Stock Fundamentals for GNK
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- +8.02 for the gross margin
The net margin for Genco Shipping & Trading Limited stands at -14.37. The total capital return value is set at -0.06, while invested capital returns managed to touch -3.83. Equity return is now at value -18.30, with -11.40 for asset returns.
Based on Genco Shipping & Trading Limited (GNK), the company’s capital structure generated 50.51 points at debt to equity in total, while total debt to capital is 33.56. Total debt to assets is 32.33, with long-term debt to equity ratio resting at 43.21. Finally, the long-term debt to capital ratio is 28.71.
When we switch over and look at the enterprise to sales, we see a ratio of 1.99, with the company’s debt to enterprise value settled at 0.64. The receivables turnover for the company is 20.03 and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.