GSL Stock Summary and Trading Ideas (Global Ship Lease New Class A Common Shares | NYSE:GSL)

Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.

Global Ship Lease New Class A Common Shares trades on the NYSE stock market under the symbol GSL.

As of November 21, 2024, GSL stock price declined to $22.85 with 409,251 million shares trading.

GSL has a beta of 0.63, meaning it tends to be less sensitive to market movements. GSL has a correlation of 0.07 to the broad based SPY ETF.

GSL has a market cap of $801.75 million. This is considered a Small Cap stock.

Last quarter Global Ship Lease New Class A Common Shares reported $174 million in Revenue and $2.45 earnings per share. This fell short of revenue expectation by $-246,000 and exceeded earnings estimates by $.04.

In the last 3 years, GSL traded as high as $30.32 and as low as $14.62.

The top ETF exchange traded funds that GSL belongs to (by Net Assets): SPDW, PRFZ, FTLS, JSML, FNDA.

GSL has outperformed the market in the last year with a return of +35.7%, while the SPY ETF gained +32.2%. However, in the most recent history, GSL shares have underperformed the stock market with its stock returning -11.7% in the last 3 month period and -7.1% for the last 2 week period, while SPY has returned +6.6% and +0.4%, respectively.

GSL support price is $22.91 and resistance is $23.75 (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 GSL shares will trade within this expected range on the day.