Genco Shipping & Trading (GNK) stock forecast for 2023. Forecast tables and graphs.

Genco Shipping & Trading (GNK) stock forecast for 2023

Last update: December 3, 2022 (07:13)

Sector: Industrials

The share price of Genco Shipping & Trading Limited (GNK) now

What analysts predict: $24.52

52-week high/low: $25.08 / $11.33

50/200 Day Moving Average: $14.01 / $18.39

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 resistance level today.

Are you interested in Genco Shipping & Trading 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 2023. How much will one Genco Shipping & Trading share be worth in 2023?

Is it worth taking profit / loss on Genco Shipping & Trading stock now or waiting? What are analysts' forecasts for 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.

The Genco Shipping & Trading stock prediction results are shown below and presented as a graph, table and text information.

Genco Shipping & Trading stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Genco Shipping & Trading analysts is $24.52.

Today 200 Day Moving Average is the resistance level (18.39 $).

50 Day Moving Average is the support level (14.01 $).





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 year. 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.

Genco Shipping & Trading (GNK) Forecast for 2023

Month Target Pes. Opt. Vol., %
Jan 15.96 15.32 17.44 12.15 %
Feb 16.24 15.62 18.19 14.14 %
Mar 16.24 15.10 18.14 16.76 %
Apr 15.46 14.12 16.10 12.29 %
May 13.90 12.59 14.86 15.27 %
Jun 14.55 12.92 15.76 18.02 %
Jul 14.36 13.33 15.26 12.65 %
Aug 14.87 13.25 16.51 19.74 %
Sep 13.82 12.69 14.70 13.68 %
Oct 15.81 14.06 17.35 18.95 %
Nov 14.52 13.47 16.10 16.31 %
Dec 15.45 14.86 16.39 9.35 %

Genco Shipping & Trading information and performance

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 Address

299 PARK AVENUE, 12TH FLOOR, NEW YORK, NY, US

Market Capitalization: 627 712 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: 275 540 000 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: 3.48

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: -1.77

Price/earnings to growth

DPS: 2.74

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.

DY: 0.215

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 5.15

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.291

Quarterly Revenue Growth YOY: -0.124

Trailing PE: 2.871

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 PE: 4.486

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.252

Enterprise Value (EV) /Revenue

EV To EBITDA: 2.552

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 42327200

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

Genco Shipping & Trading price target for 2023 by month


Target values for the price of one Genco Shipping & Trading share for Jan 2023.

The weighted average target price per Genco Shipping & Trading share in Jan 2023 is: 15.96. In Jan, the positive dynamics for Momo shares will prevail with possible monthly volatility of 12.152% volatility is expected.

Pessimistic target level: 15.32

Optimistic target level: 17.44


Target values for the price of one Genco Shipping & Trading share for Feb 2023.

The weighted average target price per Genco Shipping & Trading share in Feb 2023 is: 16.24. In Feb, the positive dynamics for Momo shares will prevail with possible monthly volatility of 14.143% volatility is expected.

Pessimistic target level: 15.62

Optimistic target level: 18.19


Target values for the price of one Genco Shipping & Trading share for Mar 2023.

The weighted average target price per Genco Shipping & Trading share in Mar 2023 is: 16.24. In Mar, the negative dynamics for Momo shares will prevail with possible monthly volatility of 16.762% volatility is expected.

Pessimistic target level: 15.10

Optimistic target level: 18.14


Target values for the price of one Genco Shipping & Trading share for Apr 2023.

The weighted average target price per Genco Shipping & Trading share in Apr 2023 is: 15.46. In Apr, the negative dynamics for Momo shares will prevail with possible monthly volatility of 12.288% volatility is expected.

Pessimistic target level: 14.12

Optimistic target level: 16.10


Target values for the price of one Genco Shipping & Trading share for May 2023.

The weighted average target price per Genco Shipping & Trading share in May 2023 is: 13.90. In May, the negative dynamics for Momo shares will prevail with possible monthly volatility of 15.269% volatility is expected.

Pessimistic target level: 12.59

Optimistic target level: 14.86


Target values for the price of one Genco Shipping & Trading share for Jun 2023.

The weighted average target price per Genco Shipping & Trading share in Jun 2023 is: 14.55. In Jun, the positive dynamics for Momo shares will prevail with possible monthly volatility of 18.021% volatility is expected.

Pessimistic target level: 12.92

Optimistic target level: 15.76


Target values for the price of one Genco Shipping & Trading share for Jul 2023.

The weighted average target price per Genco Shipping & Trading share in Jul 2023 is: 14.36. In Jul, the negative dynamics for Momo shares will prevail with possible monthly volatility of 12.651% volatility is expected.

Pessimistic target level: 13.33

Optimistic target level: 15.26


Target values for the price of one Genco Shipping & Trading share for Aug 2023.

The weighted average target price per Genco Shipping & Trading share in Aug 2023 is: 14.87. In Aug, the positive dynamics for Momo shares will prevail with possible monthly volatility of 19.741% volatility is expected.

Pessimistic target level: 13.25

Optimistic target level: 16.51


Target values for the price of one Genco Shipping & Trading share for Sep 2023.

The weighted average target price per Genco Shipping & Trading share in Sep 2023 is: 13.82. In Sep, the negative dynamics for Momo shares will prevail with possible monthly volatility of 13.684% volatility is expected.

Pessimistic target level: 12.69

Optimistic target level: 14.70


Target values for the price of one Genco Shipping & Trading share for Oct 2023.

The weighted average target price per Genco Shipping & Trading share in Oct 2023 is: 15.81. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 18.950% volatility is expected.

Pessimistic target level: 14.06

Optimistic target level: 17.35


Target values for the price of one Genco Shipping & Trading share for Nov 2023.

The weighted average target price per Genco Shipping & Trading share in Nov 2023 is: 14.52. In Nov, the negative dynamics for Momo shares will prevail with possible monthly volatility of 16.306% volatility is expected.

Pessimistic target level: 13.47

Optimistic target level: 16.10


Target values for the price of one Genco Shipping & Trading share for Dec 2023.

The weighted average target price per Genco Shipping & Trading share in Dec 2023 is: 15.45. In Dec, the positive dynamics for Momo shares will prevail with possible monthly volatility of 9.352% volatility is expected.

Pessimistic target level: 14.86

Optimistic target level: 16.39




Genco Shipping & Trading (GNK) stock dividend

Genco Shipping & Trading last paid dividends on 11/18/2022. The next scheduled payment will be on 11/28/2022. The amount of dividends is $2.74 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

Last Split Factor:


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.


Related stocks from Industrials sector


Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.