Global Ship Lease Inc. (NYSE:GSL) went down by -6.17% from its latest closing price compared to the recent 1-year high of $30.02. The company’s stock price has collected -13.03% of loss in the last five trading sessions.
Is It Worth Investing in Global Ship Lease Inc. (NYSE :GSL) Right Now?
Global Ship Lease Inc. (NYSE:GSL) scored a price-to-earnings ratio above its average ratio, recording 2.75 x from its present earnings ratio. Plus, the 36-month beta value for GSL is at 1.70. Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for Global Ship Lease Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $34.33, which is $16.98 above the current price. GSL currently public float of 30.01M and currently shorts hold a 6.29% ratio of that float. Today, the average trading volume of GSL was 1.15M shares.
GSL’s Market Performance
GSL stocks went down by -13.03% for the week, with a monthly drop of -21.74% and a quarterly performance of -40.05%, while its annual performance rate touched -15.98%. The volatility ratio for the week stands at 5.07% while the volatility levels for the past 30 days are set at 4.66% for Global Ship Lease Inc. The simple moving average for the period of the last 20 days is -18.60% for GSL stocks with a simple moving average of -27.53% for the last 200 days.
Analysts’ Opinion of GSL
Many brokerage firms have already submitted their reports for GSL stocks, with Deutsche Bank repeating the rating for GSL by listing it as a “Buy.” The predicted price for GSL in the upcoming period, according to Deutsche Bank is $23 based on the research report published on July 16th of the previous year 2021.
Jefferies, on the other hand, stated in their research note that they expect to see GSL reach a price target of $18. The rating they have provided for GSL stocks is “Buy” according to the report published on February 12th, 2021.
B. Riley FBR gave a rating of “Buy” to GSL, setting the target price at $15 in the report published on September 30th of the previous year.
GSL Trading at -22.31% from the 50-Day Moving Average
After a stumble in the market that brought GSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.21% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 5.07%, as shares sank -23.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.42% lower at present.
During the last 5 trading sessions, GSL fell by -13.03%, which changed the moving average for the period of 200-days by -25.47% in comparison to the 20-day moving average, which settled at $21.05. In addition, Global Ship Lease Inc. saw -24.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GSL
Current profitability levels for the company are sitting at:
- +51.29 for the present operating margin
- +54.24 for the gross margin
The net margin for Global Ship Lease Inc. stands at +38.28. Equity return is now at value 33.30, with 12.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.