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The latest announcement is out from Genco Shipping ( (GNK) ).
On June 13, 2025, Genco Shipping updated its estimated TCE rate for Q2 2025 to approximately $13,800 per day for 95% of its available days, reflecting both period and spot fixtures. This estimation, based on current bookings, may impact the company’s financial performance and market positioning, but actual results could vary due to factors like voyage duration and market conditions.
The most recent analyst rating on (GNK) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.
Spark’s Take on GNK Stock
According to Spark, TipRanks’ AI Analyst, GNK is a Neutral.
Genco Shipping’s overall stock score is driven by solid financial performance and a strong dividend yield, which are balanced by challenges in revenue consistency and recent net losses. Technical indicators suggest stability, while corporate events reflect positive operational updates. The company’s strategic focus on dividends and share repurchases enhances its investment appeal.
To see Spark’s full report on GNK stock, click here.
More about Genco Shipping
Genco Shipping operates in the drybulk shipping industry, providing transportation services for drybulk commodities. The company focuses on managing a fleet of vessels that engage in both period and spot fixtures to optimize their time charter equivalent (TCE) rates.
Average Trading Volume: 714,781
Technical Sentiment Signal: Sell
Current Market Cap: $597.1M
See more data about GNK stock on TipRanks’ Stock Analysis page.
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