Genco Shipping Trading Stock Today

GNK Stock  USD 20.14  0.35  1.77%   

Performance

14 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 21

 
100  
 
Zero
Low
Genco Shipping is selling for 20.14 as of the 28th of March 2024. This is a 1.77 percent increase since the beginning of the trading day. The stock's last reported lowest price was 19.84. Genco Shipping has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Genco Shipping Trading are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
22nd of July 2005
Category
Industrials
Genco Shipping Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. Genco Shipping Trading Limited was incorporated in 2004 and is headquartered in New York, New York. Genco Shipping operates under Marine Shipping classification in the United States and is traded on New York Stock Exchange. The company has 42.73 M outstanding shares of which 1.17 M shares are currently shorted by investors with about 1.43 days to cover. More on Genco Shipping Trading

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Genco Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Genco Shipping's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Genco Shipping or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJohn Wobensmith
Old NameGreene King plc
Business ConcentrationMarine Transportation, Marine Shipping, Industrials, NYSE Composite, Industrials, Marine Transportation, Marine Shipping, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Genco Shipping report their recommendations after researching Genco Shipping's financial statements, talking to executives and customers, or listening in on Genco Shipping's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Genco Shipping Trading. The Genco consensus assessment is calculated by taking the average forecast from all of the analysts covering Genco Shipping.
Financial Strength
Based on the key indicators obtained from Genco Shipping's historical financial statements, Genco Shipping Trading may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. Financial strength of Genco Shipping Trading is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.350.3361
Sufficiently Up
Slightly volatile
Net Debt140.3 M147.7 M
Notably Down
Slightly volatile
Total Current Liabilities33.5 M35.3 M
Notably Down
Slightly volatile
Non Current Liabilities Total182.4 M192 M
Notably Down
Slightly volatile
Total Assets1.4 B1.1 B
Fairly Up
Slightly volatile
Total Current Assets191.6 M155.3 M
Fairly Up
Slightly volatile
Genco Shipping's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Genco Shipping's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Genco Shipping's financial leverage. It provides some insight into what part of Genco Shipping's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Genco Shipping's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Genco Shipping deploys its capital and how much of that capital is borrowed.
Liquidity
Genco Shipping cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 194.26 M in debt with debt to equity (D/E) ratio of 0.19, which may show that the company is not taking advantage of profits from borrowing. Genco Shipping Trading has a current ratio of 2.58, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Genco Shipping until it has trouble settling it off, either with new capital or with free cash flow. So, Genco Shipping's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Genco Shipping Trading sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Genco to invest in growth at high rates of return. When we think about Genco Shipping's use of debt, we should always consider it together with cash and equity.

Depreciation

83.11 Million
Genco Shipping Trading (GNK) is traded on New York Stock Exchange in USA. It is located in 299 Park Avenue, New York, NY, United States, 10171 and employs 1,105 people. Genco Shipping is listed under Marine Transportation category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 860.59 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Genco Shipping's market, we take the total number of its shares issued and multiply it by Genco Shipping's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Genco Shipping Trading runs under Marine Transportation sector within Industrials industry. The entity has 42.73 M outstanding shares of which 1.17 M shares are currently shorted by investors with about 1.43 days to cover. Genco Shipping Trading has about 58.14 M in cash with 91.78 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.68.
Check Genco Shipping Probability Of Bankruptcy
Ownership Allocation
Genco Shipping Trading has a total of 42.73 Million outstanding shares. Over half of Genco Shipping's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Genco Shipping Trading. Please watch out for any change in the institutional holdings of Genco Shipping as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Genco Ownership Details

Genco Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Genco Shipping jumping above the current price in 90 days from now is about 11.18%. The Genco Shipping Trading probability density function shows the probability of Genco Shipping stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Genco Shipping has a beta of 0.9762. This usually indicates Genco Shipping Trading market returns are very sensitive to returns on the market. As the market goes up or down, Genco Shipping is expected to follow. Additionally, genco Shipping Trading has an alpha of 0.2505, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 20.14HorizonTargetOdds Above 20.14
88.75%90 days
 20.14 
11.18%
Based on a normal probability distribution, the odds of Genco Shipping to move above the current price in 90 days from now is about 11.18 (This Genco Shipping Trading probability density function shows the probability of Genco Stock to fall within a particular range of prices over 90 days) .

Genco Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Genco Shipping that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Genco Shipping's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Genco Shipping's value.
InstituionRecorded OnShares
Aqr Capital Management Llc2023-12-31
499.8 K
Gratus Capital Llc2023-12-31
453.8 K
Royce & Associates, Lp2023-12-31
446.7 K
Bridgeway Capital Management, Llc2023-12-31
439.2 K
Goldman Sachs Group Inc2023-12-31
400.1 K
Appleseed Capital2023-12-31
388.1 K
Northern Trust Corp2023-12-31
384.2 K
Ubs Group Ag2023-12-31
357.8 K
Empowered Funds, Llc2023-12-31
341.8 K
Blackrock Inc2023-12-31
3.6 M
Dimensional Fund Advisors, Inc.2023-12-31
2.7 M
View Genco Shipping Diagnostics

Genco Shipping Historical Income Statement

Genco Shipping Trading Income Statement is one of the three primary financial statements used for reporting Genco's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Genco Shipping Trading revenue and expense. Genco Shipping Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Genco Shipping's Net Income From Continuing Ops is quite stable compared to the past year. Non Operating Income Net Other is expected to rise to about 1.5 M this year, although the value of Total Revenue will most likely fall to about 320.3 M. View More Fundamentals

Genco Stock Against Markets

Picking the right benchmark for Genco Shipping stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Genco Shipping stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Genco Shipping is critical whether you are bullish or bearish towards Genco Shipping Trading at a given time. Please also check how Genco Shipping's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Genco Shipping without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyst Advice

Analyst recommendations and target price estimates broken down by several categories
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Genco Shipping Corporate Directors

Genco Shipping corporate directors refer to members of a Genco Shipping board of directors. The board of directors generally takes responsibility for the Genco Shipping's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Genco Shipping's board members must vote for the resolution. The Genco Shipping board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Christoph MajeskeIndependent DirectorProfile
Jason ScheirIndependent DirectorProfile
Kevin MahonyDirectorProfile
Basil MavroleonIndependent DirectorProfile

How to buy Genco Stock?

Before investing in Genco Shipping, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Genco Shipping. To buy Genco Shipping stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Genco Shipping. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Genco Shipping stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Genco Shipping Trading stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Genco Shipping Trading stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Genco Shipping Trading, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Genco Stock please use our How to Invest in Genco Shipping guide.

Already Invested in Genco Shipping Trading?

The danger of trading Genco Shipping Trading is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Genco Shipping is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Genco Shipping. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Genco Shipping Trading is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Genco Shipping's price analysis, check to measure Genco Shipping's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Genco Shipping is operating at the current time. Most of Genco Shipping's value examination focuses on studying past and present price action to predict the probability of Genco Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genco Shipping's price. Additionally, you may evaluate how the addition of Genco Shipping to your portfolios can decrease your overall portfolio volatility.
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Fundamental Analysis
View fundamental data based on most recent published financial statements
Is Genco Shipping's industry 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
(0.83)
Dividend Share
0.86
Earnings Share
(0.30)
Revenue Per Share
8.975
Quarterly Revenue Growth
(0.09)
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.