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 $18.42, down 1.02% from the previous day, and has increased 32.9% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.03 percentage points. Genco Shipping & Trading stock is currently +45.61% from its 52-week low of $12.65, and -21.38% from its 52-week high of $23.43.
As of Oct 4, 2024, there are 42.76M shares of GNK outstanding. The market capitalization of GNK is $787.60M. In the last 24 hours, 346,083 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.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
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.
- Provide your personal data to create a new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
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 Zen 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 overvalued based on its P/E ratio of 52.63x, relative to Marine Shipping industry P/E ratio of 7x
- GNK could be undervalued based on its P/B ratio of 0.85x, relative to Marine Shipping industry P/B ratio of 1.09x
- GNK could be undervalued based on its PEG ratio of 0.4x
You can do more valuation analysis on GNK's stock here.
A look at GNK Cashflows and Balance Sheet
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's operating cash flow of $114.12M allows it to safely service it's debt of $99.13M.
- There are more short-term assets than short-term liabilities on the GNK balance sheet.
- GNK has a low debt to equity ratio of 0.15.
Negative Financial Indicators:
- GNK profit margin has gone down from 18.7% to 3.6% in the past year.
- GNK earnings of $27.31M is not sufficient to cover its interest payments.
Do analysts think it's a good time to buy Genco Shipping & Trading stock
Out of 5 Wall Street analysts who research GNK, the consensus analyst rating on Genco Shipping & Trading is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Genco Shipping & Trading stock forecast page.
GNK Trading Indicators
GNK Earnings
Last year, GNK earnings were $15.20M. Over the last two year, GNK's earnings have grown by -75.07% per year. This was slower than the Marine Shipping industry average of 20.69%.
Last year, GNK revenue was $423.36M. Over the past five year, GNK's revenue has gone up by 2.11% per year. This was slower than the Marine Shipping industry average of 17.39%.
Learn more about GNK's earnings and revenue performance here.
What are GNK executives and large shareholders up to?
Over the past 12 months, insiders at GNK have sold more shares than they have bought.
Arthur L. Regan, Director of GNK, was the latest GNK insider to sell. They sold $32,004.00 worth of GNK stock on May 13, 2024.
Get more info about who owns GNK shares here.
Can I rely on GNK as an income stream?
Genco Shipping & Trading pays a dividend of 7.17%, compared to the Marine Shipping industry's average dividend yield of 5.63%. If you owned $1,000 worth of GNK stock, you would have been paid $71.66 last year.
Genco Shipping & Trading dividend payments have not consistently grown over the past 5 years and have not remained stable.
Get more data about Genco Shipping & Trading dividend yield and history here.
GNK Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your GNK purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Press the Open button and your broker will execute your order.
If you require additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your GNK position
Now that you own some shares in GNK, you'll want to stay up-to-date on your company.
Add GNK to a watchlist to keep tabs on your GNK stock.
GNK Feed
How to Buy Stock in Genco Shipping & Trading
To summarize, here are the 6 steps to buy Genco Shipping & Trading stock:
- 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 brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Genco Shipping & Trading, add GNK to your watchlist by clicking the button below.
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