Genco Shipping Trading Stock Price on May 18, 2024
| GNK Stock | USD 20.24 0.21 1.03% |
Below is the normalized historical share price chart for Genco Shipping Trading extending back to July 15, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Genco Shipping stands at 20.24, as last reported on the 17th of June 2024, with the highest price reaching 20.91 and the lowest price hitting 20.24 during the day.
If you're considering investing in Genco Stock, it is important to understand the factors that can impact its price. We consider Genco Shipping very steady. Genco Shipping Trading holds Efficiency (Sharpe) Ratio of 0.0391, which attests that the entity had a 0.0391% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Genco Shipping Trading, which you can use to evaluate the volatility of the firm. Please check out Genco Shipping's Risk Adjusted Performance of 0.0977, market risk adjusted performance of 0.1824, and Downside Deviation of 1.93 to validate if the risk estimate we provide is consistent with the expected return of 0.0694%.
At this time, Genco Shipping's Stock Based Compensation is quite stable compared to the past year. . At this time, Genco Shipping's Price Fair Value is quite stable compared to the past year. Genco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of July 2005 | 200 Day MA 17.5499 | 50 Day MA 21.691 | Beta 0.989 |
Genco |
Sharpe Ratio = 0.0391
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Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Genco Shipping is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Genco Shipping by adding it to a well-diversified portfolio.
Price Book 0.9615 | Enterprise Value Ebitda 15.9442 | Price Sales 2.2878 | Shares Float 41.8 M | Dividend Share 1.13 |
Genco Shipping Main Headline on 17th of May 2024
George Economou backs down from Genco boardroom battle by splash247.com
Greek shipping tycoon George Economou has backed out of his proxy fight against Genco Shipping Trading and pulled back his nominee to the US-listed bulker owners board. Economous investment vehicle, GK Investor, said in a filing Thursday it had withdrawn the nomination of Robert Pons as a candidate for election to the Genco board,
Genco Shipping Valuation on May 18, 2024
It is possible to determine the worth of Genco Shipping on a given historical date. On May 18, 2024 Genco was worth 22.67 at the beginning of the trading date compared to the closed value of 22.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Genco Shipping stock. Still, in general, we apply an absolute valuation method to find Genco Shipping's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Genco Shipping where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Genco Shipping's related companies.
| Open | High | Low | Close | Volume | |
| 22.32 | 22.64 | 22.20 | 22.61 | 652,365 | |
05/17/2024 | 22.67 | 22.79 | 22.58 | 22.76 | 554,464 |
| 22.86 | 23.11 | 22.75 | 22.78 | 583,745 |
| Backtest Genco Shipping | | | Genco Shipping History | | | Genco Shipping Valuation | Previous | Next |
Genco Shipping Trading Date Momentum on May 18, 2024
| On May 21 2024 Genco Shipping Trading was traded for 22.78 at the closing time. Highest Genco Shipping's price during the trading hours was 23.11 and the lowest price during the day was 22.75 . The net volume was 583.7 K. The overall trading history on the 21st of May contributed to the next trading period price upswing. The overall trading delta to the next next day price was 0.09% . The overall trading delta to current price is 2.24% . |
Genco Shipping Trading Fundamentals Correlations and Trends
By evaluating Genco Shipping's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Genco Shipping's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Genco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Genco Shipping Stock history
Genco Shipping investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Genco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Genco Shipping Trading will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Genco Shipping stock prices may prove useful in developing a viable investing in Genco Shipping
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 42.8 M | 44.9 M | |
| Net Income Applicable To Common Shares | 142.7 M | 149.9 M |
Genco Shipping Quarterly Net Working Capital |
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Genco Shipping Stock Technical Analysis
Genco Shipping technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Genco Shipping Period Price Range
Low | May 17, 2024
| High |
22.67 | 22.76 |
Genco Shipping June 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Genco Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genco Shipping shares will generate the highest return on investment. By undertsting and applying Genco Shipping stock market strength indicators, traders can identify Genco Shipping Trading entry and exit signals to maximize returns
| Accumulation Distribution | 5109.15 | |||
| Daily Balance Of Power | 0.4286 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 22.69 | |||
| Day Typical Price | 22.71 | |||
| Price Action Indicator | 0.12 | |||
| Period Momentum Indicator | (2.52) |
Genco Shipping Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Genco Shipping's price direction in advance. Along with the technical and fundamental analysis of Genco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Genco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.204 | |||
| Total Risk Alpha | 0.1628 | |||
| Sortino Ratio | 0.1124 | |||
| Treynor Ratio | 0.1724 |
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Additional Information and Resources on Investing in Genco Stock
When determining whether Genco Shipping Trading is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Genco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Genco Shipping Trading Stock. Highlighted below are key reports to facilitate an investment decision about Genco Shipping Trading Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Genco Shipping. If investors know Genco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Genco Shipping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 6.167 | Dividend Share 1.13 | Earnings Share 0.07 | Revenue Per Share 9.498 | Quarterly Revenue Growth 0.244 |
The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.