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Genco Shipping & Trading (GNK) Stock Forecast for 2024–2028. Sell or Buy?
Updated: April 11, 2024 (07:15)
Sector: IndustrialsThe share price of Genco Shipping & Trading Limited (GNK) now
50/200 Day Moving Average: $19.54 / $15.76
This figure corresponds to the Average Price over the previous 50/200 days. For Genco Shipping & Trading stocks, the 50-day moving average is the support level today.
For Genco Shipping & Trading stocks, the 200-day moving average is the support level today.
Are you interested in Genco Shipping & Trading Limited stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Genco Shipping & Trading stock price in 2024, 2025, 2026, 2027, 2028. How much will one Genco Shipping & Trading share be worth in 2024 - 2028?
When should I take profit in Genco Shipping & Trading stock? When should I record a loss on Genco Shipping & Trading stock? What are analysts' forecasts for Genco Shipping & Trading stock? What is the future of Genco Shipping & Trading stock? We forecast Genco Shipping & Trading stock performance using neural networks based on historical data on Genco Shipping & Trading stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
Genco Shipping & Trading stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Genco Shipping & Trading shares. This happens once a day.
Historical and forecast chart of Genco Shipping & Trading stock
The chart below shows the historical price of Genco Shipping & Trading stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Genco Shipping & Trading stock price can be found in the table below.
Long-term forecasts by years.
Genco Shipping & Trading Limited, together with its subsidiaries, is engaged in the shipping of bulk cargo worldwide. By owning and operating bulk carriers, the company transports iron ore, coal, grain, steel products and other bulk cargo. It charters its ships primarily to trading houses, including commodity traders; manufacturers; and state enterprises. As of February 25, 2020, the company’s fleet consisted of 17 Capesize vessels, 1 Panamax vessel, 6 Ultramax vessels, 20 Supramax vessels and 10 Handysize vessels with a total capacity of approximately 4,914,000 tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, NY.
Genco Shipping & Trading daily forecast for a month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Apr 13 | 20.75 | 20.45 | 21.15 | 3.41 |
| Apr 14 | 20.61 | 20.14 | 20.94 | 3.97 |
| Apr 15 | 20.47 | 20.29 | 20.63 | 1.69 |
| Apr 16 | 20.49 | 19.95 | 21.07 | 5.63 |
| Apr 17 | 20.67 | 20.34 | 20.88 | 2.64 |
| Apr 18 | 21.50 | 21.00 | 21.69 | 3.28 |
| Apr 19 | 21.24 | 20.79 | 21.56 | 3.72 |
| Apr 20 | 20.92 | 20.70 | 21.37 | 3.23 |
| Apr 21 | 20.26 | 19.85 | 20.74 | 4.45 |
| Apr 22 | 20.29 | 20.04 | 20.58 | 2.71 |
| Apr 23 | 19.93 | 19.53 | 20.49 | 4.90 |
| Apr 24 | 20.19 | 19.95 | 20.59 | 3.20 |
| Apr 25 | 20.91 | 20.74 | 21.43 | 3.35 |
| Apr 26 | 21.39 | 20.84 | 21.97 | 5.42 |
| Apr 27 | 21.55 | 20.86 | 21.93 | 5.17 |
| Apr 28 | 21.74 | 21.54 | 22.23 | 3.23 |
| Apr 29 | 21.40 | 21.12 | 22.06 | 4.46 |
| Apr 30 | 22.24 | 21.79 | 22.59 | 3.68 |
| May 01 | 21.69 | 21.22 | 22.35 | 5.31 |
| May 02 | 21.73 | 21.45 | 22.17 | 3.36 |
| May 03 | 21.67 | 21.00 | 21.94 | 4.50 |
| May 04 | 21.97 | 21.31 | 22.19 | 4.12 |
| May 05 | 22.44 | 21.93 | 22.93 | 4.54 |
| May 06 | 22.77 | 22.44 | 23.19 | 3.37 |
| May 07 | 23.37 | 22.96 | 24.12 | 5.05 |
| May 08 | 23.28 | 22.85 | 23.61 | 3.34 |
| May 09 | 23.38 | 22.98 | 23.93 | 4.11 |
| May 10 | 23.39 | 22.86 | 24.07 | 5.28 |
| May 11 | 23.25 | 22.53 | 23.83 | 5.78 |
| May 12 | 23.62 | 23.19 | 24.18 | 4.28 |
Genco Shipping & Trading Daily Price Targets
Genco Shipping & Trading Stock Forecast 04-13-2024.
Forecast target price for 04-13-2024: $20.75.
Positive dynamics for Genco Shipping & Trading shares will prevail with possible volatility of 3.297%.
Pessimistic target level: 20.45
Optimistic target level: 21.15
Genco Shipping & Trading Stock Forecast 04-14-2024.
Forecast target price for 04-14-2024: $20.61.
Negative dynamics for Genco Shipping & Trading shares will prevail with possible volatility of 3.819%.
Pessimistic target level: 20.14
Optimistic target level: 20.94
Genco Shipping & Trading Stock Forecast 04-15-2024.
Forecast target price for 04-15-2024: $20.47.
Negative dynamics for Genco Shipping & Trading shares will prevail with possible volatility of 1.666%.
Pessimistic target level: 20.29
Optimistic target level: 20.63
Genco Shipping & Trading Stock Forecast 04-16-2024.
Forecast target price for 04-16-2024: $20.49.
Positive dynamics for Genco Shipping & Trading shares will prevail with possible volatility of 5.328%.
Pessimistic target level: 19.95
Optimistic target level: 21.07
Genco Shipping & Trading Stock Forecast 04-17-2024.
Forecast target price for 04-17-2024: $20.67.
Positive dynamics for Genco Shipping & Trading shares will prevail with possible volatility of 2.574%.
Pessimistic target level: 20.34
Optimistic target level: 20.88
Genco Shipping & Trading Stock Forecast 04-18-2024.
Forecast target price for 04-18-2024: $21.50.
Positive dynamics for Genco Shipping & Trading shares will prevail with possible volatility of 3.172%.
Pessimistic target level: 21.00
Optimistic target level: 21.69
GNK (GNK) Monthly Stock Prediction for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May. | 20.85 | 19.98 | 22.78 | 12.30 |
| Jun. | 19.35 | 18.48 | 20.86 | 11.42 |
| Jul. | 19.44 | 17.70 | 20.31 | 12.86 |
| Aug. | 16.95 | 15.62 | 18.50 | 15.54 |
| Sep. | 16.30 | 15.36 | 17.55 | 12.48 |
| Oct. | 18.70 | 16.84 | 19.81 | 14.95 |
| Nov. | 20.28 | 18.40 | 21.74 | 15.37 |
| Dec. | 21.58 | 18.82 | 24.24 | 22.36 |
Genco Shipping & Trading forecast for this year
Genco Shipping & Trading Stock Prediction for May 2024
An uptrend is forecast for this month with an optimal target price of $20.8459. Pessimistic: $19.98. Optimistic: $22.78
Genco Shipping & Trading Stock Prediction for Jun 2024
An downtrend is forecast for this month with an optimal target price of $19.345. Pessimistic: $18.48. Optimistic: $20.86
Genco Shipping & Trading Stock Prediction for Jul 2024
An uptrend is forecast for this month with an optimal target price of $19.4379. Pessimistic: $17.70. Optimistic: $20.31
Genco Shipping & Trading Stock Prediction for Aug 2024
An downtrend is forecast for this month with an optimal target price of $16.9498. Pessimistic: $15.62. Optimistic: $18.50
Genco Shipping & Trading Stock Prediction for Sep 2024
An downtrend is forecast for this month with an optimal target price of $16.299. Pessimistic: $15.36. Optimistic: $17.55
Genco Shipping & Trading Stock Prediction for Oct 2024
An uptrend is forecast for this month with an optimal target price of $18.6982. Pessimistic: $16.84. Optimistic: $19.81
Genco Shipping & Trading Stock Prediction for Nov 2024
An uptrend is forecast for this month with an optimal target price of $20.2838. Pessimistic: $18.40. Optimistic: $21.74
Genco Shipping & Trading Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $21.5819. Pessimistic: $18.82. Optimistic: $24.24
Genco Shipping & Trading (GNK) Monthly Stock Prediction for 2025
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 21.06 | 18.77 | 22.14 | 15.22 |
| Feb | 22.45 | 21.08 | 24.31 | 13.29 |
| Mar | 21.55 | 20.76 | 22.82 | 9.06 |
| Apr | 19.82 | 18.87 | 20.78 | 9.16 |
| May | 18.94 | 16.66 | 21.06 | 20.86 |
| Jun | 18.33 | 17.66 | 19.53 | 9.61 |
| Jul | 21.00 | 18.48 | 22.95 | 19.47 |
| Aug | 22.21 | 21.43 | 24.16 | 11.32 |
| Sep | 20.79 | 20.06 | 23.28 | 13.86 |
| Oct | 23.22 | 20.99 | 24.59 | 14.65 |
| Nov | 22.03 | 20.30 | 23.82 | 14.79 |
| Dec | 18.78 | 16.47 | 20.50 | 19.65 |
Genco Shipping & Trading (GNK) Monthly Stock Prediction for 2026
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 17.22 | 16.64 | 19.34 | 13.96 |
| Feb | 16.67 | 15.26 | 17.84 | 14.50 |
| Mar | 17.71 | 17.12 | 19.55 | 12.46 |
| Apr | 18.33 | 16.87 | 20.15 | 16.30 |
| May | 20.18 | 18.54 | 22.77 | 18.58 |
| Jun | 20.73 | 18.48 | 22.75 | 18.80 |
| Jul | 20.47 | 19.06 | 21.74 | 12.35 |
| Aug | 17.98 | 16.68 | 19.76 | 15.58 |
| Sep | 16.86 | 15.05 | 17.56 | 14.29 |
| Oct | 17.29 | 16.01 | 18.78 | 14.73 |
| Nov | 15.16 | 14.57 | 16.39 | 11.09 |
| Dec | 15.74 | 14.40 | 17.33 | 16.86 |
Genco Shipping & Trading (GNK) Monthly Stock Prediction for 2027
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 15.97 | 14.00 | 17.55 | 20.23 |
| Feb | 18.14 | 16.40 | 18.72 | 12.40 |
| Mar | 20.17 | 18.07 | 21.72 | 16.79 |
| Apr | 18.68 | 17.58 | 19.46 | 9.68 |
| May | 21.11 | 20.29 | 22.52 | 9.89 |
| Jun | 23.13 | 22.02 | 25.76 | 14.51 |
| Jul | 23.13 | 21.32 | 24.54 | 13.12 |
| Aug | 23.02 | 20.85 | 24.24 | 13.98 |
| Sep | 23.35 | 20.55 | 24.25 | 15.25 |
| Oct | 21.71 | 19.97 | 23.34 | 14.43 |
| Nov | 20.46 | 18.43 | 21.31 | 13.52 |
| Dec | 21.67 | 20.66 | 24.34 | 15.10 |
Genco Shipping & Trading (GNK) Monthly Stock Prediction for 2028
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 25.03 | 21.95 | 26.59 | 17.47 |
| Feb | 23.03 | 21.56 | 25.39 | 15.09 |
| Mar | 22.14 | 21.01 | 24.84 | 15.41 |
| Apr | 23.70 | 21.66 | 26.06 | 16.89 |
| May | 23.48 | 20.88 | 26.18 | 20.23 |
| Jun | 21.64 | 20.39 | 24.40 | 16.45 |
| Jul | 24.75 | 23.29 | 26.22 | 11.18 |
| Aug | 25.11 | 22.98 | 27.00 | 14.88 |
| Sep | 25.99 | 22.96 | 28.94 | 20.69 |
| Oct | 21.96 | 20.48 | 23.47 | 12.72 |
| Nov | 20.31 | 18.75 | 21.90 | 14.39 |
| Dec | 21.38 | 19.09 | 23.40 | 18.42 |
Genco Shipping & Trading information and performance
299 PARK AVENUE, 12TH FLOOR, NEW YORK, NY, US
Market capitalization of the Genco Shipping & Trading Limited is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of GNK shares in the company outstanding by the market price of one share.
EBITDA of Genco Shipping & Trading is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Genco Shipping & Trading (GNK) stock dividend
Genco Shipping & Trading last paid dividends on 03/05/2024. The next scheduled payment will be on 03/13/2024. The amount of dividends is $0.86 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
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