Genco Shipping & Trading Limited (NYSE: GNK)’s stock price has plunge by 2.14relation to previous closing price of 14.62. Nevertheless, the company has seen a 4.07% surge in its stock price over the last five trading sessions. zacks.com reported 2025-02-19 that Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.43 per share a year ago.
Is It Worth Investing in Genco Shipping & Trading Limited (NYSE: GNK) Right Now?
Genco Shipping & Trading Limited (NYSE: GNK) has a price-to-earnings ratio of 9.49x that is above its average ratio. Additionally, the 36-month beta value for GNK is 0.98. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for GNK is 41.83M and currently, short sellers hold a 2.35% ratio of that float. The average trading volume of GNK on February 20, 2025 was 444.95K shares.
GNK’s Market Performance
GNK’s stock has seen a 4.07% increase for the week, with a 4.50% rise in the past month and a -15.44% fall in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.66% for Genco Shipping & Trading Limited The simple moving average for the past 20 days is 2.80% for GNK’s stock, with a -16.24% simple moving average for the past 200 days.
Analysts’ Opinion of GNK
Many brokerage firms have already submitted their reports for GNK stocks, with Stifel repeating the rating for GNK by listing it as a “Hold.” The predicted price for GNK in the upcoming period, according to Stifel is $17 based on the research report published on October 23, 2024 of the previous year 2024.
Stifel gave a rating of “Buy” to GNK, setting the target price at $20 in the report published on September 30th of the previous year.
GNK Trading at 3.64% 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 -36.26% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares surge +7.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.05% lower at present.
During the last 5 trading sessions, GNK rose by +4.15%, which changed the moving average for the period of 200-days by -32.59% in comparison to the 20-day moving average, which settled at $14.53. In addition, Genco Shipping & Trading Limited saw 7.13% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GNK starting from REGAN ARTHUR L, who sale 1,400 shares at the price of $22.86 back on May 13 ’24. After this action, REGAN ARTHUR L now owns 104,414 shares of Genco Shipping & Trading Limited, valued at $32,004 using the latest closing price.
Adamo Joseph, the Chief Accounting Officer of Genco Shipping & Trading Limited, sale 1,396 shares at $20.40 during a trade that took place back on Feb 29 ’24, which means that Adamo Joseph is holding 17,994 shares at $28,478 based on the most recent closing price.
Stock Fundamentals for GNK
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.67 for the gross margin
The net margin for Genco Shipping & Trading Limited stands at 0.13. The total capital return value is set at 0.01. Equity return is now at value 7.44, with 6.42 for asset returns.
Based on Genco Shipping & Trading Limited (GNK), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -5.2.
Currently, EBITDA for the company is 155.72 billion with net debt to EBITDA at -1.13. When we switch over and look at the enterprise to sales, we see a ratio of -0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.09.
Conclusion
In conclusion, Genco Shipping & Trading Limited (GNK) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
