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GRIN
Stock ticker: NASDAQ
AS OF
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Capitalization
189.27M

GRIN Grindrod Shipping Holdings Ltd Forecast, Technical & Fundamental Analysis

a provider of sea freight transportation services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GRIN with price predictions
07:00 PM EST Dec 07, 2023

GRIN's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for GRIN moved out of overbought territory on December 04, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 instances where the indicator moved out of the overbought zone. In of the 35 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GRIN as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for GRIN turned negative on December 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

GRIN moved below its 50-day moving average on December 07, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GRIN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GRIN broke above its upper Bollinger Band on November 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The 10-day moving average for GRIN crossed bullishly above the 50-day moving average on November 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GRIN advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 268 cases where GRIN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.697) is normal, around the industry mean (1.000). P/E Ratio (10.235) is within average values for comparable stocks, (8.677). GRIN's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.374). Dividend Yield (0.006) settles around the average of (0.154) among similar stocks. P/S Ratio (0.511) is also within normal values, averaging (1.476).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GRIN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GRIN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nordic American Tanker (NASDAQ:NAT).

Industry description

The marine shipping industry provides passenger transportation or cargo shipping services via waterways. This industry includes freight towage, ferry services and warehousing on deep-sea and inland waterways. The aviation sector may have reduced the popularity of sea travel for several passengers, but it is still in demand for short trips and pleasure cruises. Teekay Offshore Partners L.P. Cum Red Perp Pfd., Kirby Corporation and Seaspan Corporation are some of the well-known names in the business.

Market Cap

The average market capitalization across the Marine Shipping Industry is 4.41B. The market cap for tickers in the group ranges from 1.87K to 40.18B. HPGLY holds the highest valuation in this group at 40.18B. The lowest valued company is PRGNF at 1.87K.

High and low price notable news

The average weekly price growth across all stocks in the Marine Shipping Industry was -1%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 12%. GTMAY experienced the highest price growth at 77%, while DLPTF experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Marine Shipping Industry was -50%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 28
P/E Growth Rating: 55
Price Growth Rating: 52
SMR Rating: 55
Profit Risk Rating: 65
Seasonality Score: 21 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

GRIN is expected to report earnings to rise 9.09% to -36 cents per share on February 28

Grindrod Shipping Holdings Ltd GRIN Stock Earnings Reports
Q4'23
Est.
$-0.36
Q3'23
Missed
by $0.12
Q2'23
Beat
by $0.45
Q1'23
Beat
by $0.31
Q4'22
Missed
by $0.34
The last earnings report on November 28 showed earnings per share of -33 cents, missing the estimate of -20 cents. With 16.68K shares outstanding, the current market capitalization sits at 189.27M.
A.I.Advisor
published Dividends

GRIN paid dividends on June 19, 2023

Grindrod Shipping Holdings Ltd GRIN Stock Dividends
А dividend of $0.03 per share was paid with a record date of June 19, 2023, and an ex-dividend date of June 08, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of sea freight transportation services

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
200 Cantonment Road
Phone
+65 66321315
Employees
607
Web
https://www.grinshipping.com
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GRIN and

Correlation & Price change

A.I.dvisor indicates that over the last year, GRIN has been loosely correlated with EDRY. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if GRIN jumps, then EDRY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GRIN
1D Price
Change %
GRIN100%
-0.86%
EDRY - GRIN
41%
Loosely correlated
-0.16%
GLBS - GRIN
25%
Poorly correlated
+2.18%
DSX - GRIN
23%
Poorly correlated
N/A
CPLP - GRIN
22%
Poorly correlated
-0.89%
DAC - GRIN
22%
Poorly correlated
+0.35%
More

Groups containing GRIN

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GRIN
1D Price
Change %
GRIN100%
-0.86%
marine
(undefined stocks)
26%
Poorly correlated
+0.70%
transportation
(undefined stocks)
25%
Poorly correlated
-0.56%
Transportation
(undefined stocks)
21%
Poorly correlated
+0.03%
asia
(undefined stocks)
18%
Poorly correlated
+1.52%
Marine Shipping
(undefined stocks)
13%
Poorly correlated
+0.40%