On 3/4/2024, Global Ship Lease (GSL) reported earnings of $2.49 per share on revenue of $178.89 million for the fourth quarter ended December 2023. The consensus earnings estimate was $2.34 per share on revenue of $172.02 million.
Global Ship Lease, Inc. owns and charters containerships under fixed-rate charters to container shipping companies.
Positive:
Management has been aggressively buying back shares
Yields high return on invested capital
Consistently increasing earnings per share
Impressive gross profit margins
Pays a significant dividend to shareholders
Analysts predict...
Bearish
Fundamental
- Funds are distributing
- Very good earning
- Top industry
TA
- Bearish momentum divergence
- Price broke upward trend line
- Huge volume node resistance
- Price rebound at strong 0.5-0.618 resistance
- H&S formation
A piece of art !
I think GSL will take off as it just bounced off it 200 day MA.
Price target of 30+, personally expecting 40.
J Mintzmyer has a price target of 45, and he knows more far more about shipping than I do.
May is usually where shipping does a comeback, and don't see this time being different. These shipping rates should remain high as China has their Zero - Covid...
- global supply chain issues
- high rates in shipping locked
- 2022 estimates:
590M revenue
32% YoY revenue increase
65% YoY EBITDA increase
332M free cash flow
- either it should rebound from the support line of the channel or decline more towards the 200SMA where the entry point is even sweeter.
This is a nice BUY setup IMHO that satisfies...
Long GSL , Forecast EPS next year = 133%. Their business appears to be growing in the current Supply chain environment.
Although Lt D/E =1.65 , Stop loss = 20
NYSE:GSL is forming a nice triangle. Historically, this analysis worked pretty well for this ticker. Very strong fundamentals, overall very cheap stock.
$GSL showed up on my momentum scan over the weekend. Rallied to pivot Monday in a wedgy shape and corrected in a hammer today.
Don't like that wide range black bar but here it is if you'd like to trade it. I have not made up my mind yet.
Now that Q3 earnings season it is time to return to the fundamentals. In light of the current turmoil in the middle east, today we will talk about globalization. One of the most interesting things about global financial markets is that they are all connected in one way or another. I like to compartmentalize globalization into two general categories supply chains...
The stock broke out of an ascending triangle and is now testing the previous resistance area which now acts as support. The trade can be entered when the last dojicandle is confirmed to the upside. The risk/reward ratio is > 4:1.
Thanks for viewing,
I am just posting this to make tracking the equity easier. If you ignore the massive 1 month spike in price and volume (10x volume) that would otherwise invalidate my EW count, the main downward price trend seems to be over. If I average in, I will have to be able to withstand price drops possibly to $3 and keep buying, but after that there is...
