Global Ship Lease Inc (NYSE: GSL)’s stock price has increased by 0.36 compared to its previous closing price of 22.39. However, the company has seen a 5.99% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Global Ship Lease (GSL) reachead $20.30 at the closing of the latest trading day, reflecting a +0.5% change compared to its last close.
Is It Worth Investing in Global Ship Lease Inc (NYSE: GSL) Right Now?
Global Ship Lease Inc (NYSE: GSL) has a price-to-earnings ratio of 2.71x that is above its average ratio. Additionally, the 36-month beta value for GSL is 1.48. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GSL is 32.57M and currently, short sellers hold a 3.93% ratio of that float. The average trading volume of GSL on April 26, 2024 was 712.77K shares.
GSL’s Market Performance
GSL’s stock has seen a 5.99% increase for the week, with a 12.07% rise in the past month and a 4.51% gain in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.07% for Global Ship Lease Inc The simple moving average for the last 20 days is 5.75% for GSL stock, with a simple moving average of 15.09% for the last 200 days.
Analysts’ Opinion of GSL
Many brokerage firms have already submitted their reports for GSL stocks, with Jefferies repeating the rating for GSL by listing it as a “Buy.” The predicted price for GSL in the upcoming period, according to Jefferies is $22 based on the research report published on July 21, 2022 of the previous year 2022.
Deutsche Bank, on the other hand, stated in their research note that they expect to see GSL reach a price target of $23. The rating they have provided for GSL stocks is “Buy” according to the report published on July 16th, 2021.
Jefferies gave a rating of “Buy” to GSL, setting the target price at $18 in the report published on February 12th of the previous year.
GSL Trading at 9.71% 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 -0.79% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +11.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.77% upper at present.
During the last 5 trading sessions, GSL rose by +5.99%, which changed the moving average for the period of 200-days by +8.81% in comparison to the 20-day moving average, which settled at $21.36. In addition, Global Ship Lease Inc saw 13.37% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GSL
Current profitability levels for the company are sitting at:
- 0.54 for the present operating margin
- 0.56 for the gross margin
The net margin for Global Ship Lease Inc stands at 0.46. The total capital return value is set at 0.19. Equity return is now at value 28.31, with 14.24 for asset returns.
Based on Global Ship Lease Inc (GSL), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 8.08.
Currently, EBITDA for the company is 453.77 million with net debt to EBITDA at 1.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 124.51for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Global Ship Lease Inc (GSL) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
