A new trading data show StealthGas Inc. (GASS) is showing positive returns.

With 0.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.35 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $5.0200 whereas the lowest price it dropped to was $4.9000. The 52-week range on GASS shows that it touched its highest point at $5.90 and its lowest point at $2.46 during that stretch. It currently has a 1-year price target of $8.00. Beta for the stock currently stands at 1.02.

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Price Performance and Earnings:

Three-month performance surged to 47.20% while six-month performance rose 92.66%. The stock gained 63.61% in the past year, while it has gained 86.19% so far this year. A look at the trailing 12-month EPS for GASS yields 1.10 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.15. This implies an EPS growth rate of 197.30% for this year and -25.23% for next year. EPS is expected to grow by 5.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 99.40%.

Float and Shares Shorts:

At present, 38.10 million GASS shares are outstanding with a float of 29.16 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.24 million, which was 0.63% higher than short shares on Jul 30, 2023. In addition to Mr. Harry N. Vafias as the firm’s Pres, CEO, CFO & Non-Independent Director, Dr. Diamantis Andriotis serves as its Chief Technical Officer.

Institutional Ownership:

Through their ownership of 45.65% of GASS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 41.00% of GASS, in contrast to 16.89% held by mutual funds. Shares owned by individuals account for 1.23%. As the largest shareholder in GASS with 15.35% of the stake, Glendon Capital Management LP holds 5,906,056 shares worth 5,906,056. A second-largest stockholder of GASS, MSD Partners LP, holds 3,516,652 shares, controlling over 9.14% of the firm’s shares. TowerView LLC is the third largest shareholder in GASS, holding 2,505,000 shares or 6.51% stake. With a 0.60% stake in GASS, the Royce Micro Cap Trust is the largest stakeholder. A total of 229,664 shares are owned by the mutual fund manager. The Pinnacle Value Fund, which owns about 0.33% of GASS stock, is the second-largest Mutual Fund holder. It holds 127,217 shares valued at 0.62 million. Lumyna – MW TOPS UCITS Fund holds 0.14% of the stake in GASS, owning 53,327 shares worth 0.26 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, GASS reported revenue of $39.25M and operating income of $3.47M. The EBITDA in the recently reported quarter was $10.52M and diluted EPS was $0.32.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GASS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GASS analysts setting a high price target of $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, GASS could surge 60.32% to reach the target high and rise by 60.32% to reach the target low. Reaching the average price target will result in a growth of 60.32% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded GASS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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