Does Grindrod Shipping Holdings Ltd. (GRIN) Have A Risk Factor?

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The stock of Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) increased by $4.55 on Wednesday to $25.45, up 21.77 percent. The last five days have seen an average of 619,468 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $7.48. The average number of shares traded over the last 20 days was 479,367, while the average volume over the last 50 days totaled 434,959.

GRIN stock appreciated 0.23% since last month. On 11/23/22, the company’s shares reached a one-month low of $23.05. The stock touched a high of $23.39 on 05/20/22, after rallying from a low of $10.62 in 52 weeks. The price of GRIN stock has risen by 43.65% or $7.48 this year, reaching a new high 14 times. Still, the stock price is up 8.83% from the 52-week high.


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Valuation Metrics

Grindrod Shipping Holdings Ltd. (GRIN) has a trailing price-to-earnings (P/E) ratio of 2.21. Beta for the stock is 0.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 1.82.

Company paid $5.00 per share in dividends, an increase of 495.24% from $0.84 last year. A $4.16 dividend increase was reported on Monday August 29 2022.

Financial Health

For the three months ended September 29, Grindrod Shipping Holdings Ltd.’s quick ratio was 1.80, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.45, and the total debt to equity ratio is 0.65. As far as profitability goes, gross margin for the trailing twelve months is 47.10% percent. Grindrod Shipping Holdings Ltd.’s operating margin stood at 39.00% for the same period. Based on annual data, it had gross profit of $176.9 million and revenue of $455.84 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GRIN’s return on assets (ROA) during the last 12 months has been 27.90%. There was a 22.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 54.60%.

Earnings Surprise

According to Grindrod Shipping Holdings Ltd.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.24 million, while revenues fell by -121.23% to $0.0. It was predicted that Grindrod Shipping Holdings Ltd.’s quarterly earnings would be $1.14, but it ended up being $1.83, beating the consensus by -37.70%. EBITDA was $42.64 million for the quarter. At the end of Grindrod Shipping Holdings Ltd.’s most recent quarter ended September 29, its liabilities totaled 262.13 million, while its total debt was $225.87 million.

Technical Picture

Here’s a quick look at Grindrod Shipping Holdings Ltd.’s (GRIN) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 30.29%, suggesting the stock is Neutral, with a 7.84% historical volatility rate.

The stochastic %K and %D were 48.86% and 39.99% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 83.39%, the RSI (14) reading is 46.48%. On the 9-day MACD Oscillator, the stock is at -0.07, and the 14-day reading is at -0.08.

Analyst Ratings

In its analyst report released on August 03, 2022, Alliance Global Partners began covering Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN). The stock was rated as a Buy by the brokerage firm.

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