NASDAQ:GRIN Grindrod Shipping (GRIN) Stock Price, News & Analysis → AI Bubble Now at Critical Mass (From Porter & Company) (Ad) Free GRIN Stock Alerts $10.41 -0.09 (-0.86%) (As of 01:31 PM ET) Add Compare Share Share Today's Range$10.02▼$10.5550-Day Range$8.67▼$10.8952-Week Range$6.80▼$14.90Volume8,096 shsAverage Volume14,023 shsMarket CapitalizationN/AP/E RatioN/ADividend Yield0.29%Price Target$12.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Grindrod Shipping alerts: Email Address Grindrod Shipping MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside20.1% Upside$12.50 Price TargetShort InterestHealthy0.65% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.73Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.1.33 out of 5 stars 2.0 Analyst's Opinion Consensus RatingGrindrod Shipping has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.50, Grindrod Shipping has a forecasted upside of 20.1% from its current price of $10.41.Amount of Analyst CoverageGrindrod Shipping has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.65% of the float of Grindrod Shipping has been sold short.Short Interest Ratio / Days to CoverGrindrod Shipping has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Grindrod Shipping has recently decreased by 20.60%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldGrindrod Shipping has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthGrindrod Shipping does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GRIN. Previous Next 3.7 News and Social Media Coverage News SentimentGrindrod Shipping has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Grindrod Shipping this week, compared to 0 articles on an average week.Search Interest8 people have searched for GRIN on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.MarketBeat Follows2 people have added Grindrod Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Grindrod Shipping insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 9.77% of the stock of Grindrod Shipping is held by insiders. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Grindrod Shipping is -20.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Grindrod Shipping is -20.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGrindrod Shipping has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyAI Bubble Now at Critical MassWashington, D.C., has just issued its first round of new artificial-intelligence (“AI”) regulations. And a flood of additional AI bills is making its way through Congress. Nasdaq reports this could bring a screeching halt to the AI stock boom.Simply click here now to read The Big AI Die-Up. 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 15 handysize drybulk carriers and 16 supramax/ultramax drybulk carriers transporting various bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. Its customers include shipping companies, trading houses, mining companies, 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.Read More GRIN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GRIN Stock News HeadlinesMarch 22, 2024 | americanbankingnews.comFinancial Analysis: Caravelle International Group (NASDAQ:CACO) versus Grindrod Shipping (NASDAQ:GRIN)March 15, 2024 | msn.comGrindrod Shipping Secures New $83 Million Loan to Refinance DebtMarch 28, 2024 | Porter & Company (Ad)AI Bubble Now at Critical MassWashington, D.C., has just issued its first round of new artificial-intelligence (“AI”) regulations. And a flood of additional AI bills is making its way through Congress. Nasdaq reports this could bring a screeching halt to the AI stock boom.March 8, 2024 | msn.comGrindrod dividend soars after good growth in Maputo port volumesFebruary 28, 2024 | markets.businessinsider.comGrindrod Shipping is about to announce earnings — here's what Wall Street expectsFebruary 28, 2024 | globenewswire.comGrindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023February 27, 2024 | benzinga.comEarnings Outlook For Grindrod Shipping HldgsFebruary 21, 2024 | finance.yahoo.comGrindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023March 28, 2024 | Porter & Company (Ad)AI Bubble Now at Critical MassWashington, D.C., has just issued its first round of new artificial-intelligence (“AI”) regulations. And a flood of additional AI bills is making its way through Congress. Nasdaq reports this could bring a screeching halt to the AI stock boom.February 21, 2024 | globenewswire.comGrindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023January 14, 2024 | seekingalpha.comGrindrod Shipping: Favorable Outlook, M&A Completion, And Very CheapJanuary 9, 2024 | seekingalpha.comGrindrod Shipping: When A Young Fleet And Healthy Financials Are Not EnoughJanuary 8, 2024 | seekingalpha.comGenco Shipping: A Quality Company With Excellent Financials And Attractive Dividend YieldsJanuary 8, 2024 | seekingalpha.comSafe Bulkers: My Favorite Bulker Stock To Play The Shipping CycleDecember 15, 2023 | msn.comGrindrod’s dry-bulk terminal in Maputo handles a record-breaking 416220 tons of coalNovember 28, 2023 | finance.yahoo.comGrindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Three Months and Nine Months Ended September 30, 2023November 27, 2023 | msn.comAfrican Bank’s Grindrod Bank reports lower taxed profitOctober 18, 2023 | msn.comGrindord Shipping Holdings goes ex-dividend tomorrowSeptember 26, 2023 | marketwatch.comTaylor Maritime To Sell Its Vessel Managers to Grindrod for Around $11.75 MlnSeptember 25, 2023 | finance.yahoo.comGrindrod Shipping Holdings Ltd. Announces Entry Into Sale and Purchase AgreementsSeptember 25, 2023 | markets.businessinsider.comLeading Dry Bulk Shipping Companies Presenting at Capital Link/DNB New York Maritime ForumSeptember 6, 2023 | msn.comGrindrod Shipping: Large One-Time Distribution Ahead But Uncertainties RemainAugust 2, 2023 | fool.comGrindrod Shipping (NASDAQ: GRIN)July 28, 2023 | finance.yahoo.comGrindrod Shipping Holdings Ltd. Announces Ship Sales and Other TransactionsJuly 17, 2023 | msn.comAlliance Global Partners Upgrades Grindrod Shipping Holdings (GRIN)July 13, 2023 | vernonmorningstar.comGrindrod water restrictions easedMay 10, 2023 | vernonmorningstar.comBoil notice rescinded, water restrictions changed for GrindrodSee More Headlines Receive GRIN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Grindrod Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/28/2024Today3/28/2024Next Earnings (Estimated)5/15/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryN/A Current SymbolNASDAQ:GRIN CUSIPN/A CIK1725293 Webwww.grinshipping.com Phone65-6632-1315Fax65-6323-0046Employees607Year Founded1910Price Target and Rating Average Stock Price Target$12.50 High Stock Price Target$12.50 Low Stock Price Target$12.50 Potential Upside/Downside+19.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.50) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-9,620,000.00 Net Margins-2.49% Pretax Margin-2.31% Return on Equity-2.89% Return on Assets-1.63% Debt Debt-to-Equity Ratio0.51 Current Ratio1.13 Quick Ratio1.01 Sales & Book Value Annual Sales$387.10 million Price / SalesN/A Cash Flow$9.93 per share Price / Cash Flow1.05 Book Value$14.93 per share Price / Book0.70Miscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableOptionable Beta0.73 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Edward Christopher David Buttery (Age 39)CEO & Executive Director Ms. Deborah DavelChief Financial OfficerMr. Carl AckerleyChief Operating OfficerSharon TingCompany SecretaryKey CompetitorsStealthGasNASDAQ:GASSSeanergy MaritimeNASDAQ:SHIPEuroseasNASDAQ:ESEAToroNASDAQ:TOROHimalaya ShippingNYSE:HSHPView All CompetitorsInstitutional OwnershipMraz Amerine & Associates Inc.Sold 5,000 shares on 1/31/2024Ownership: 0.000%View All Institutional Transactions GRIN Stock Analysis - Frequently Asked Questions Should I buy or sell Grindrod Shipping stock right now? 1 Wall Street 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 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 price targets for Grindrod Shipping's stock. 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 twelve months. This suggests a possible upside of 20.1% from the stock's current price. 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 at the beginning of 2024. Since then, GRIN shares have increased by 15.5% and is now trading at $10.41. View the best growth stocks for 2024 here. Are investors shorting Grindrod Shipping? Grindrod Shipping saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 21,200 shares, a drop of 20.6% from the February 29th total of 26,700 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the company's shares 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) announced its quarterly earnings results on Wednesday, February, 28th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $69.17 million for 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 of this dividend 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 0.29%. Read our dividend analysis for GRIN. What other stocks do shareholders of Grindrod Shipping own? Based on aggregate information from My MarketBeat watchlists, some companies that other Grindrod Shipping investors own include Gran Tierra Energy (GTE), EnLink Midstream (ENLC), Golar LNG Partners (GMLP), New Residential Investment (NRZ), Washington Prime Group (WPG), Pennsylvania Real Estate Investment Trust (PEI), Bionano Genomics (BNGO), CBL & Associates Properties (CBL), DHT (DHT) and Zosano Pharma (ZSAN). Who are Grindrod Shipping's major shareholders? Grindrod Shipping's stock is owned by a number of institutional and retail investors. Top institutional investors include Mraz Amerine & Associates Inc. (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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. 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