Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- StealthGas Inc. (NASDAQ:GASS) reported second-quarter revenue growth of 8.3% year-over-year to $39.25 million, beating the consensus of $31.77 million.
- Fleet utilization of 98.1% - with 60 days of technical off-hire for the quarter., and operational utilization was at 96.3%.
- StealthGas secured 74% of fleet days on period charters for the remainder of 2021, with total fleet employment days generating ~$66 million in contracted revenues. Period coverage for the rest of Q3 21’ is currently 87%.
- Income from operation reduced to $0.37 million, from $10.6 million in 2Q20, as total expenses surged 51%.
- Adjusted EPS decreased to $0.13 from $0.25 in 2Q20 but topped the consensus of $(0.04).
- StealthGas generated cash from operating activities year-to-date of $21.83 million, compared to $28.03 million a year ago.
- Due to higher voyage, operating, and drydocking costs, Adjusted EBITDA decreased by 22.7% Y/Y to $17.3 million. Adjusted EBITDA margin contracted by 1,774 bps to 44.2%.
- The company’s cash, including restricted cash, stood at $48.5 million at the end of the quarter.
- Price Action: GASS shares are trading higher by 9.95% at $2.7047 on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!