NASDAQ:GRIN

Grindrod Shipping (GRIN) Stock Price, News & Analysis

$13.62
+0.02 (+0.15%)
(As of 04/25/2024 ET)
Today's Range
$13.53
$13.77
50-Day Range
$8.76
$13.97
52-Week Range
$6.80
$14.90
Volume
8,930 shs
Average Volume
20,127 shs
Market Capitalization
$262.19 million
P/E Ratio
N/A
Dividend Yield
0.22%
Price Target
$12.50

Grindrod Shipping MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.2% Downside
$12.50 Price Target
Short Interest
Healthy
0.54% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.07 out of 5 stars

Transportation Sector

112th out of 114 stocks

Deep Sea Foreign Transportation Of Freight Industry

27th out of 28 stocks

GRIN stock logo

About Grindrod Shipping Stock (NASDAQ:GRIN)

Grindrod Shipping Holdings Ltd., an international shipping company, engages in owning, chartering, and operating a fleet of dry bulk carriers worldwide. It operates through three segments: Handysize, Supramax/Ultramax, and Others. The company operates a fleet of vessels comprising handysize and supramax/ultramax dry bulk carriers transporting various bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers; and engages in the ship management activities. Its customers include shipping companies, mining companies, commodity trading houses, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore. Grindrod Shipping Holdings Ltd. operates as a subsidiary of Good Falkirk (MI) Limited.

GRIN Stock Price History

GRIN Stock News Headlines

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Grindrod Shipping Surges In Pre-market On Capital Reduction Plan
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Earnings Outlook For Grindrod Shipping Hldgs
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/26/2024
Next Earnings (Estimated)
5/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:GRIN
Employees
1,015
Year Founded
1910

Price Target and Rating

Average Stock Price Target
$12.50
High Stock Price Target
$12.50
Low Stock Price Target
$12.50
Potential Upside/Downside
-8.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-9,620,000.00
Pretax Margin
-2.31%

Debt

Sales & Book Value

Annual Sales
$387.10 million
Cash Flow
$9.66 per share
Book Value
$14.93 per share

Miscellaneous

Free Float
N/A
Market Cap
$262.19 million
Optionable
Optionable
Beta
0.75

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Key Executives

  • Mr. Edward Christopher David Buttery (Age 40)
    CEO & Executive Director
  • Ms. Deborah Davel
    Chief Financial Officer
  • Mr. Carl Ackerley
    Chief Operating Officer
  • Sharon Ting
    Company Secretary

GRIN Stock Analysis - Frequently Asked Questions

Should I buy or sell Grindrod Shipping stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grindrod Shipping in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GRIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRIN, but not buy additional shares or sell existing shares.
View GRIN analyst ratings
or view top-rated stocks.

What is Grindrod Shipping's stock price target for 2024?

1 Wall Street analysts have issued 12 month target prices for Grindrod Shipping's shares. Their GRIN share price targets range from $12.50 to $12.50. On average, they anticipate the company's share price to reach $12.50 in the next year. This suggests that the stock has a possible downside of 8.2%.
View analysts price targets for GRIN
or view top-rated stocks among Wall Street analysts.

How have GRIN shares performed in 2024?

Grindrod Shipping's stock was trading at $9.01 on January 1st, 2024. Since then, GRIN stock has increased by 51.2% and is now trading at $13.62.
View the best growth stocks for 2024 here
.

Are investors shorting Grindrod Shipping?

Grindrod Shipping saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 17,600 shares, an increase of 91.3% from the March 31st total of 9,200 shares. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the company's stock are short sold.
View Grindrod Shipping's Short Interest
.

When is Grindrod Shipping's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our GRIN earnings forecast
.

How were Grindrod Shipping's earnings last quarter?

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) issued its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.04) earnings per share for the quarter. The business earned $69.17 million during the quarter. Grindrod Shipping had a negative net margin of 2.49% and a negative trailing twelve-month return on equity of 2.89%.

How often does Grindrod Shipping pay dividends? What is the dividend yield for Grindrod Shipping?

Grindrod Shipping announced a -- dividend on Friday, September 29th. Stockholders of record on Friday, October 20th will be paid a dividend of $1.016 per share on Thursday, October 19th. This represents a yield of 27.2%. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for GRIN
.

Is Grindrod Shipping a good dividend stock?

Grindrod Shipping (NASDAQ:GRIN) pays an annual dividend of $0.03 per share and currently has a dividend yield of 0.22%.
Read our dividend analysis for GRIN.

What other stocks do shareholders of Grindrod Shipping own?
How do I buy shares of Grindrod Shipping?

Shares of GRIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GRIN) was last updated on 4/26/2024 by MarketBeat.com Staff

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