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 analysts have issued 12 month price targets for Grindrod Shipping's shares. Their GRIN share price targets range from $12.50 to $12.50. On average, they expect the company's share price to reach $12.50 in the next year. This suggests that the stock has a possible downside of 7.9%. 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 the year. Since then, GRIN stock has increased by 50.6% and is now trading at $13.57. View the best growth stocks for 2024 here .

Are investors shorting Grindrod Shipping?

Grindrod Shipping saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 9,200 shares, a decline of 56.6% from the March 15th total of 21,200 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock 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 data on Wednesday, February, 28th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $69.17 million for the quarter. Grindrod Shipping had a negative trailing twelve-month return on equity of 2.89% and a negative net margin of 2.49%.

How often does Grindrod Shipping pay dividends? What is the dividend yield for Grindrod Shipping?

Grindrod Shipping announced a -- dividend on Friday, September 29th. Investors of record on Friday, October 20th will be given a dividend of $1.016 per share on Thursday, October 19th. This represents a yield of 27.2%. The ex-dividend date 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 0.22%. 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) .

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 .

NASDAQ:GRIN

Grindrod Shipping (GRIN) Stock Price, News & Analysis

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Free GRIN Stock Alerts

$13.57

-0.10 (-0.73%)

(As of 10:28 AM ET)

Compare

Today's Range: $13.57
▼
$13.69
50-Day Range: $8.76
▼
$13.65
52-Week Range: $6.80
▼
$14.90

Volume: 7,055 shs
Average Volume: 20,126 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 0.22%
Price Target: $12.50

Get Grindrod Shipping alerts:

Grindrod Shipping MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 7.9% Downside
$12.50 Price Target
Short Interest: Healthy
0.28% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.87
Based on 4 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.

0.51 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
Grindrod 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.
Amount of Analyst Coverage
Grindrod Shipping has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.28% of the float of Grindrod Shipping has been sold short.
Short Interest Ratio / Days to Cover
Grindrod Shipping has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Grindrod Shipping has recently decreased by 56.60%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Grindrod Shipping has a dividend yield of 0.22%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Grindrod Shipping does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GRIN.

2.7

News and Social Media Coverage

News Sentiment
Grindrod Shipping has a news sentiment score of 0.87. 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 0.62 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Grindrod Shipping this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for GRIN on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Grindrod Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Grindrod Shipping insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.77% of the stock of Grindrod Shipping is held by insiders.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Grindrod Shipping is -27.14, 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. Sector
The P/E ratio of Grindrod Shipping is -27.14, 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 Ratio
Grindrod Shipping has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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 vessels comprising handysize and supramax/ultramax dry bulk carriers transporting various bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers; and engages in the ship management activities. Its customers include shipping companies, mining companies, commodity trading houses, 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

30 days | 90 days | 365 days | Advanced Chart

GRIN Stock News Headlines

April 11, 2024 | seekingalpha.com

Grindrod Shipping: Still Not My Favorite Dry Bulk Stock

April 7, 2024 | msn.com

Grindrod Shipping Holdings Announces Shareholder Cash-Out Plan

April 16, 2024 | InvestorPlace (Ad)

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April 5, 2024 | seekingalpha.com

Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass

April 5, 2024 | seekingalpha.com

Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass

April 5, 2024 | markets.businessinsider.com

Grindrod Shipping Surges In Pre-market On Capital Reduction Plan

April 5, 2024 | msn.com

Grindrod Shipping, Shengfeng Development, XTI Aerospace among industrial movers

April 5, 2024 | msn.com

Biggest stock mover today: Grindrod Shipping Holdings

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

April 4, 2024 | msn.com

Grindrod Shipping to seek shareholder OK for selective capital reduction

April 4, 2024 | globenewswire.com

Grindrod Shipping Holdings Ltd. Announces Proposed Selective Capital Reduction

April 2, 2024 | msn.com

Grindrod Shipping Holdings Announces Virtual Annual General Meeting

April 2, 2024 | msn.com

Grindrod Shipping Files 2023 Annual Report, Confirms No Changes to Preliminary Results

March 30, 2024 | msn.com

Grindrod Authorizes Financial Support to Related Companies

March 15, 2024 | msn.com

Grindrod Shipping Secures New $83 Million Loan to Refinance Debt

March 8, 2024 | msn.com

Grindrod dividend soars after good growth in Maputo port volumes

February 28, 2024 | markets.businessinsider.com

Grindrod Shipping is about to announce earnings — here's what Wall Street expects

February 28, 2024 | globenewswire.com

Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

February 27, 2024 | benzinga.com

Earnings Outlook For Grindrod Shipping Hldgs

February 21, 2024 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

February 21, 2024 | globenewswire.com

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Second Half and Full Year Ended December 31, 2023

January 14, 2024 | seekingalpha.com

Grindrod Shipping: Favorable Outlook, M&A Completion, And Very Cheap

January 9, 2024 | seekingalpha.com

Grindrod Shipping: When A Young Fleet And Healthy Financials Are Not Enough

January 8, 2024 | seekingalpha.com

Genco Shipping: A Quality Company With Excellent Financials And Attractive Dividend Yields

January 8, 2024 | seekingalpha.com

Safe Bulkers: My Favorite Bulker Stock To Play The Shipping Cycle

December 15, 2023 | msn.com

Grindrod’s dry-bulk terminal in Maputo handles a record-breaking 416220 tons of coal

November 28, 2023 | finance.yahoo.com

Grindrod Shipping Holdings Ltd. Announces Unaudited Financial Results for the Three Months and Nine Months Ended September 30, 2023

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/15/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Transportation
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Current Symbol: NASDAQ:GRIN
CUSIP: N/A
CIK: 1725293
Web: www.grinshipping.com
Phone: 65-6632-1315
Fax: 65-6323-0046
Employees: 1,015
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: -8.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 0.51
Current Ratio: 1.13
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $387.10 million
Price / Sales: 0.68
Cash Flow: $9.82 per share
Price / Cash Flow: 1.39
Book Value: $14.93 per share
Price / Book: 0.91

Miscellaneous

Outstanding Shares: 19,250,000
Free Float: N/A
Market Cap: $262.76 million
Optionable: Optionable
Beta: 0.75

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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

Key Competitors

View All Competitors

Institutional Ownership

Mraz Amerine & Associates Inc.
Sold 5,000 shares on 1/31/2024
Ownership: 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 analysts have issued 12 month price targets for Grindrod Shipping's shares. Their GRIN share price targets range from $12.50 to $12.50. On average, they expect the company's share price to reach $12.50 in the next year. This suggests that the stock has a possible downside of 7.9%.
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 the year. Since then, GRIN stock has increased by 50.6% and is now trading at $13.57.
View the best growth stocks for 2024 here.
Are investors shorting Grindrod Shipping?: Grindrod Shipping saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 9,200 shares, a decline of 56.6% from the March 15th total of 21,200 shares. Based on an average daily volume of 19,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock 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 data on Wednesday, February, 28th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $69.17 million for the quarter. Grindrod Shipping had a negative trailing twelve-month return on equity of 2.89% and a negative net margin of 2.49%.

How often does Grindrod Shipping pay dividends? What is the dividend yield for Grindrod Shipping?: Grindrod Shipping announced a -- dividend on Friday, September 29th. Investors of record on Friday, October 20th will be given a dividend of $1.016 per share on Thursday, October 19th. This represents a yield of 27.2%. The ex-dividend date 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 0.22%.
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).
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 4/16/2024 by MarketBeat.com Staff

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