With 90266.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.16 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $5.83 whereas the lowest price it dropped to was $5.725. The 52-week range on GASS shows that it touched its highest point at $8.84 and its lowest point at $4.82 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 0.80.
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 GASS was up-trending over the past week, with a rise of 2.48%, but this was up by 12.65% over a month. Three-month performance dropped to -15.72% while six-month performance fell -16.57%. The stock lost -18.45% in the past year, while it has gained 2.48% so far this year. A look at the trailing 12-month EPS for GASS yields 1.83 with Next year EPS estimates of 1.51. For the next quarter, that number is 0.29. This implies an EPS growth rate of 39.55% for this year and -19.25% for next year.
Float and Shares Shorts:
At present, 36.74 million GASS shares are outstanding with a float of 25.32 million shares on hand for trading. On 2024-10-31, short shares totaled 73845.0, which was 20.0 higher than short shares on 1727654400. In addition to Mr. Harry N. Vafias as the firm’s President, CEO, CFO & Non-Independent Director, Dr. Diamantis Andriotis serves as its Chief Technical Officer.
Institutional Ownership:
Through their ownership of 0.41761002 of GASS’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 2024-06-30, GASS reported revenue of $40445006.0 and operating income of $12162192.0. The EBITDA in the recently reported quarter was $19425815.0 and diluted EPS was $0.33.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With GASS analysts setting a high price target of 10.0 and a low target of 10.0, the average target price over the next 12 months is 10.0. Based on these targets, GASS could surge 72.71% to reach the target high and rise by 72.71% to reach the target low. Reaching the average price target will result in a growth of 72.71% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.87 being high and $1.87 being low. For GASS, this leads to a yearly average estimate of $1.87.
