GNK Stock Summary and Trading Ideas (Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) | NYSE:GNK)

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) trades on the NYSE stock market under the symbol GNK.

As of December 12, 2024, GNK stock price declined to $15.02 with 346,160 million shares trading.

GNK has a beta of 1.05, meaning it tends to be more sensitive to market movements. GNK has a correlation of 0.14 to the broad based SPY ETF.

GNK has a market cap of $642.13 million. This is considered a Small Cap stock.

Last quarter Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) reported $99 million in Revenue and $.41 earnings per share. This fell short of revenue expectation by $-5 million and met earnings estimates .

In the last 3 years, GNK traded as high as $27.15 and as low as $11.92.

The top ETF exchange traded funds that GNK belongs to (by Net Assets): IWM, AVUV, VXF, IWN, DFAT.

GNK has underperformed the market in the last year with a price return of +12.2% while the SPY ETF gained +31.7%. GNK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.0% and -6.3%, respectively, while the SPY returned +8.4% and +0.9%, respectively.

GNK support price is $14.75 and resistance is $15.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GNK shares will trade within this expected range on the day.