Global Ship Lease Inc (NYSE:GSL) shares traded -1.88% lower at $24.48 on Wall Street last session.
GSL stock price is now 10.09% away from the 50-day moving average and 5.78% away from the 200-day moving average. The market capitalization of the company currently stands at $874.82M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $28, Clarksons Platou recently Downgraded its rating from Buy to Neutral for Global Ship Lease Inc (NYSE: GSL). On November 14, 2024, Clarksons Platou Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $27, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, van Lacum Menno, Director bought 6,000 shares of the company’s stock on Sep 05 ’24. The stock was bought for $142,740 at an average price of $23.79. A total of 7.44% of the company’s stock is owned by insiders.
During the past 12 months, Global Ship Lease Inc has had a low of $17.73 and a high of $30.23. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.77, and a quick ratio of 1.71. The fifty day moving average price for GSL is $22.2366 and a two-hundred day moving average price translates $23.1475 for the stock.
The latest earnings results from Global Ship Lease Inc (NYSE: GSL) was released for 2025-03-31. The net profit margin was 51.99% and return on equity was 27.25% for GSL. The company reported revenue of $190.97 million for the quarter, compared to $179.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.36 percent. For the current quarter, analysts expect GSL to generate $177.98M in revenue.
