How to Buy Genco Shipping & Trading Stock
Genco Shipping & Trading Ltd
Genco Shipping & Trading is a shipping company located in New York, United States, which is part of the Industrials sector, and is traded under the ticker GNK on the NYSE exchange.
Genco Shipping & Trading stock last closed at $12.96, down 1.14% from the previous day, and has decreased 39.27% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.21 percentage points. Genco Shipping & Trading stock is currently +15.71% from its 52-week low of $11.20, and -44.69% from its 52-week high of $23.43.
As of Apr 30, 2025, there are 42.76M shares of GNK outstanding. The market capitalization of GNK is $554.14M. In the last 24 hours, 769,314 GNK shares were traded.
How to Buy Genco Shipping & Trading Stock
Wondering how to invest in Genco Shipping & Trading stock? Here's how.
- Choose where to buy Genco Shipping & Trading stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Genco Shipping & Trading stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your payment method and add your details.
- Evaluate Genco Shipping & Trading stock: The Genco Shipping & Trading ticker symbol is GNK. Is Genco Shipping & Trading stock a good investment? Should you buy shares of GNK? How do GNK's underlying business fundamentals look? Do top analysts think Genco Shipping & Trading is a good buy? Why has GNK's stock price moved recently? (Hint: Our stock market research tools can help you figure out if GNK is a good stock to buy).
- Make your GNK purchase: Decide if you will purchase GNK shares at the current market price or use a limit order to buy GNK stock at a given price.
- Keep tabs on your GNK position: Create a watchlist to monitor your investment in Genco Shipping & Trading stock.
Step 1: Choose where to buy Genco Shipping & Trading stock
You need a brokerage account to access the NYSE market and buy GNK stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy GNK stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your brokerage account
Now that you have opened your account on the best app for stock investing, your next step is to transfer the money for your investment:
Watch the video below to see the process of transferring money into your new brokerage account.
Step 4: Evaluate Genco Shipping & Trading stock
Once you have selected the best place to buy Genco Shipping & Trading stock, it's important to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the upside.
Genco Shipping & Trading stock quick numbers
GNK Due Diligence Score
WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.
You can view all of the due diligence checks on GNK's stock page.
What is the fair value of GNK stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GNK's intrinsic value.
Using relative valuations methods:
- GNK may be undervalued based on its P/E ratio of 7.32x, relative to Marine Shipping industry P/E ratio of 9.14x
- GNK could be undervalued based on its P/B ratio of 0.6x, relative to Marine Shipping industry P/B ratio of 0.75x
You can access more valuation research on GNK's stock here.
GNK Financial Overview
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the GNK balance sheet.
- Total GNK debt is lower than 5 years ago, relative to shareholder equity.
- GNK has a low debt to equity ratio of 0.14.
- GNK earnings of $89.70M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the GNK balance sheet.
- GNK's operating cash flow of $126.85M allows it to safely service it's debt of $89.22M.
- GNK profit margin has gone up from -3.4% to 18.1% in the past year.
Do analysts think it's a good time to buy Genco Shipping & Trading stock
Out of 1 sell side analysts who monitor GNK, the consensus analyst rating on GNK is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Genco Shipping & Trading stock forecast page.
Metrics for Advanced GNK Traders
GNK Growth Metrics
Last year, GNK earnings were $76.40M. Over the past three year, GNK's earnings have increased by -83.93% per year. This was slower than the Marine Shipping industry average of 38.38%.
Last year, GNK revenue was $423.02M. In the last 5 year, GNK's revenue has increased by 1.66% per year. This was slower than the Marine Shipping industry average of 37.51%.
Dive into GNK's earnings and revenue performance here.
Who is buying/selling GNK?
In the last 12 months, insiders at GNK have sold more shares than they have bought.
John C. Wobensmith, CEO President and Secretary of GNK, was the latest GNK insider to buy. They bought $134,612.92 worth of GNK stock on Mar 4, 2025.
Learn more about who owns GNK shares here.
Can I get consistent income from GNK stock?
Genco Shipping & Trading pays a dividend of 11.27%, compared to the Marine Shipping industry's average dividend yield of 22.07%. If you owned $1,000 of GNK stock, you would have been paid $112.65 in the past 12 months.
Genco Shipping & Trading dividend payments have not consistently grown over the past 6 years and have not remained stable.
Get more info about Genco Shipping & Trading dividend yield and history here.
Get opinions from other investors
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Step 5: Make your GNK purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, place a limit order.
Click the Open button and eToro will execute your order.
If you need more info about investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your GNK position
Now that you own some GNK shares, you'll want to stay up-to-date on your new investment.
Add GNK to a watchlist to get notified of the latest news about your GNK stock.
GNK Feed
How to Buy Stock in Genco Shipping & Trading
To reiterate, here are the 6 steps to buy stock in Genco Shipping & Trading:
- Choose where to buy Genco Shipping & Trading stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Genco Shipping & Trading stock
- Make your GNK purchase
- Keep tabs on your GNK position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your new investment in Genco Shipping & Trading, click below.
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