Genco Shipping Trading Posts Quarterly Earnings Results, Hits Estimates
| GNK Stock | USD 15.57 0.05 0.32% |
About 54% of Genco Shipping's investor base is interested to short. The current sentiment of investing in Genco Shipping Trading suggests that many traders are impartial. Genco Shipping's investing sentiment shows overall attitude of investors towards Genco Shipping Trading.
Genco |
Genco Shipping Trading released its quarterly earnings results on Wednesday. The shipping company reported 0.41 earnings per share for the quarter, hitting analysts consensus estimates of 0.41, Briefing.com reports. Genco Shipping Trading had a net margin of 3.59 percent and a return on equity of 6.11. The business had
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Genco Shipping Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Genco Shipping can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Genco Shipping Fundamental Analysis
We analyze Genco Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Genco Shipping using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Genco Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
Genco Shipping is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Genco Shipping Trading Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Genco Shipping stock to make a market-neutral strategy. Peer analysis of Genco Shipping could also be used in its relative valuation, which is a method of valuing Genco Shipping by comparing valuation metrics with similar companies.
Peers
Genco Shipping Related Equities
| GSL | Global Ship | 2.93 | ||||
| CMRE | Costamare | 0.08 | ||||
| OP | Oceanpal | 1.40 | ||||
| GOGL | Golden Ocean | 1.41 | ||||
| DSX | Diana Shipping | 1.55 | ||||
| DAC | Danaos | 1.55 | ||||
| SBLK | Star Bulk | 2.09 | ||||
| ASC | Ardmore Shpng | 2.69 |
Check out Genco Shipping Hype Analysis, Genco Shipping Correlation and Genco Shipping Performance. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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 1 | Dividend Share 1.57 | Earnings Share 1.58 | Revenue Per Share 10.221 | Quarterly Revenue Growth 0.192 |
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.