Genco Shipping & Trading Limited (NYSE:GNK) shares, rose in value on Friday, March 28, with the stock price up by 1.52% to the previous day’s close as strong demand from buyers drove the stock to $13.36.
Actively observing the price movement in the last trading, the stock closed the session at $13.16, falling within a range of $13.3 and $13.6299. The value of beta (5-year monthly) was 0.983 whereas the PE ratio was 7.63 over 12-month period. Referring to stock’s 52-week performance, its high was $23.43, and the low was $13.08. On the whole, GNK has fluctuated by -6.96% over the past month.
With the market capitalization of Genco Shipping & Trading Limited currently standing at about $571.24 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 10.93%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GNK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.24, with the price of GNK currently trading nearly -3.14% and -5.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.92, while the 7-day volatility ratio is showing 2.51% which for the 30-day chart, stands at 3.04%. Furthermore, Genco Shipping & Trading Limited (GNK)’s beta value is 0.95, and its average true range (ATR) is 0.43.
A comparison of Genco Shipping & Trading Limited (GNK) with its peers suggests the former has fared considerably weaker in the market. GNK showed an intraday change of 1.52% in last session, and over the past year, it shrunk by -32.49%%.
Data on historical trading for Genco Shipping & Trading Limited (NYSE:GNK) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 605.87K. According to company’s latest data on outstanding shares, there are 42.76 million shares outstanding.
Nearly 2.31% of Genco Shipping & Trading Limited’s shares belong to company insiders and institutional investors own 65.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.35 million shares as on 2025-03-14, resulting in a short ratio of 1.5. According to the data, the short interest in Genco Shipping & Trading Limited (GNK) stood at 321.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 0.86 million. The stock has fallen by -4.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GNK stock heading into the next quarter.
