With 1.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.78 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $27.74 whereas the lowest price it dropped to was $27.1. The 52-week range on GSL shows that it touched its highest point at $27.34 and its lowest point at $16.80 during that stretch. It currently has a 1-year price target of $30.75. With its current market cap of 974.06 million, GSL has annualized dividend of $1.50 while the current yield stands at 5.42%. Beta for the stock currently stands at 1.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GSL was up-trending over the past week, with a rise of 11.34%, but this was up by 24.01% over a month. Three-month performance surged to 38.68% while six-month performance rose 53.78%. The stock gained 48.82% in the past year, while it has gained 39.66% so far this year. A look at the trailing 12-month EPS for GSL yields 8.82 with Next year EPS estimates of 8.51. For the next quarter, that number is 2.34. This implies an EPS growth rate of 14.75% for this year and -11.04% for next year.
Float and Shares Shorts:
At present, 35.19 million GSL shares are outstanding with a float of 32.57 million shares on hand for trading. On 2024-04-30, short shares totaled 1.17 million, which was 332.99996999999996 higher than short shares on 1711584000. In addition to Mr. Georgios Giouroukos Youroukos as the firm’s Executive Chairman, Mr. Thomas A. Lister serves as its Chief Executive Officer.
Institutional Ownership:
Through their ownership of 0.50065 of GSL’s outstanding shares, institutional investors have minority control over the company.
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 2023-12-31, GSL reported revenue of $178058000.0 and operating income of $95596000.0. The EBITDA in the recently reported quarter was $124857000.0 and diluted EPS was $2.53.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSL 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.
