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AMD   180.18 (+0.33%)
BABA   72.46 (+1.22%)
T   17.68 (+0.74%)
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MU   117.55 (-1.33%)
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GE   175.00 (-2.84%)
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NASDAQ:GRIN

Grindrod Shipping (GRIN) Stock Price, News & Analysis

$10.41
-0.09 (-0.86%)
(As of 01:31 PM ET)
Today's Range
$10.02
$10.55
50-Day Range
$8.67
$10.89
52-Week Range
$6.80
$14.90
Volume
8,096 shs
Average Volume
14,023 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
0.29%
Price Target
$12.50

Grindrod Shipping MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
20.1% Upside
$12.50 Price Target
Short Interest
Healthy
0.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of Grindrod Shipping in the last 14 days
Based on 3 Articles This Week
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.

1.33 out of 5 stars

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 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.

GRIN Stock Price History

GRIN Stock News Headlines

AI Bubble Now at Critical Mass
Washington, 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.
Earnings Outlook For Grindrod Shipping Hldgs
AI Bubble Now at Critical Mass
Washington, 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.
Grindrod Shipping (NASDAQ: GRIN)
Grindrod water restrictions eased
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/28/2024
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
607
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
+19.8%
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
$9.93 per share
Book Value
$14.93 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.73

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Key Executives

  • Mr. Edward Christopher David Buttery (Age 39)
    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 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?
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.

This page (NASDAQ:GRIN) was last updated on 3/28/2024 by MarketBeat.com Staff

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