With 0.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. The 52-week range on GSL shows that it touched its highest point at $30.23 and its lowest point at $17.73 during that stretch. It currently has a 1-year price target of $31.25. With its current market cap of 891.62 million, GSL has annualized dividend of $1.65 while the current yield stands at 6.61%. Beta for the stock currently stands at 1.19.
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 GSL was up-trending over the past week, with a rise of 0.81%, but this was up by 20.18% over a month. Three-month performance surged to 10.11% while six-month performance rose 5.41%. The stock lost -7.70% in the past year, while it has gained 14.29% so far this year. A look at the trailing 12-month EPS for GSL yields 10.59 with Next year EPS estimates of 9.12. For the next quarter, that number is 2.31. This implies an EPS growth rate of -4.28% for this year and -4.63% for next year. EPS is expected to decline by -10.51% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.26%.
Float and Shares Shorts:
At present, 35.61 million GSL shares are outstanding with a float of 33.08 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSL since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
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 $9.71933 being high and $9.63983 being low. For GSL, this leads to a yearly average estimate of $9.67958. Based on analyst estimates, the high estimate for the next quarter is $2.66 and the low estimate is $2.25. The average estimate for the next quarter is thus $2.39.
