Global Ship Lease Stock Forecast, Price & News

Global Ship Lease's stock was trading at $4.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GSL shares have increased by 67.0% and is now trading at $7.48.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Global Ship Lease.

Global Ship Lease is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Global Ship Lease.

Global Ship Lease Inc (NYSE:GSL) announced its quarterly earnings data on Thursday, August, 6th. The shipping company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.32 by $0.15. The shipping company had revenue of $71.38 million for the quarter, compared to analysts' expectations of $72.03 million. Global Ship Lease had a return on equity of 11.47% and a net margin of 12.50%.
View Global Ship Lease's earnings history.

Shares of Global Ship Lease reverse split before market open on Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, March 22nd 2019. An investor that had 100 shares of Global Ship Lease stock prior to the reverse split would have 13 shares after the split.

1 Wall Street analysts have issued 12-month price objectives for Global Ship Lease's shares. Their forecasts range from $12.00 to $12.00. On average, they anticipate Global Ship Lease's share price to reach $12.00 in the next year. This suggests a possible upside of 60.4% from the stock's current price.
View analysts' price targets for Global Ship Lease.

Global Ship Lease saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 9,800 shares, a drop of 22.2% from the August 31st total of 12,600 shares. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company's shares are sold short.
View Global Ship Lease's Short Interest.

Some companies that are related to Global Ship Lease include TORM (TRMD), Navigator (NVGS), Dorian LPG (LPG), Genco Shipping & Trading (GNK), Danaos (DAC), Teekay (TK), Eagle Bulk Shipping (EGLE), Overseas Shipholding Group (OSG), Scorpio Bulkers (SALT), TSAKOS ENERGY N/SH (TNP), Pangaea Logistics Solutions (PANL), Capital Product Partners (CPLP), Diana Shipping (DSX), Safe Bulkers (SB) and Ardmore Shipping (ASC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Global Ship Lease investors own include Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Verastem (VSTM), Capital Product Partners (CPLP), Teekay LNG Partners (TGP), Enterprise Products Partners (EPD), Mazor Robotics (MZOR), Seanergy Maritime (SHIP), DHT (DHT) and Dorian LPG (LPG).

Global Ship Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSL."

Global Ship Lease's stock is owned by a number of institutional and retail investors. Top institutional investors include Foundry Partners LLC (1.42%) and Equitec Proprietary Markets LLC (0.03%).

GSL stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC.

GSL stock was bought by a variety of institutional investors in the last quarter, including Equitec Proprietary Markets LLC.

Shares of GSL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GSL stock can currently be purchased for approximately $7.48.

Global Ship Lease has a market capitalization of $131.33 million and generates $261.10 million in revenue each year. The shipping company earns $39.84 million in net income (profit) each year or $1.51 on an earnings per share basis. Global Ship Lease employs 11 workers across the globe.

The official website for Global Ship Lease is www.globalshiplease.com.

Global Ship Lease's mailing address is TRUST COMPANY COMPLEX AJELTAKE ROAD AJELTAKE ISLAND, MAJURO 1T, SW1V 1LW. The shipping company can be reached via phone at 44-0-20-3998-0060 or via email at [email protected]