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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 $20.69, up 1.42% from the previous day, and has increased 5.99% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.09 percentage points. Genco Shipping & Trading stock is currently +66.99% from its 52-week low of $12.39, and -1.05% from its 52-week high of $20.91.

There are currently 42.73M shares of GNK outstanding. The market cap of GNK is $884.09M. In the last 24 hours, 1.06M GNK shares were traded.

How to Buy Genco Shipping & Trading Stock

Not sure how to invest in Genco Shipping & Trading stock? Here's how.
  1. Choose where to buy Genco Shipping & Trading stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Genco Shipping & Trading stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Select your payment method and add your information.
  4. 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 analysis website can help you understand if GNK is a good stock to buy).
  5. Make your GNK purchase: Decide if you will purchase GNK shares at the current market price or use a limit order to purchase GNK stock at a specific price.
  6. Keep tabs on your GNK position: Create a watchlist to get live updates on 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.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best place to buy stocks. Here's why:

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  • Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your purchase of shares by opening an account with eToro today.

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Step 2: Sign up for a brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal info so you can invest in GNK today.

How to Open a New Investment Account on eToro

  1. 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.
  2. Enter your personal info to open your new trading account.
  1. Submit your info by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Fund your brokerage account

Now that you have finished signing up on app for stock, you can securely and quickly fund your account:

Watch the walkthrough below for more details depositing funds into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Genco Shipping & Trading stock

After you have identified the best place to buy Genco Shipping & Trading stock, it's critical to evaluate their stock before you invest, so you truly comprehend the risk and opportunity.

Genco Shipping & Trading Numbers

GNK Price
$20.69
1w %
4.13%
1y %
5.99%
5y %
151.7%
P/E
-68.97x
P/B
0.97x
P/S
2.31x
PEG
N/A
Revenue
$383.83M
Earnings
-$12.87M
Fore. Rev. Growth
-22.35%
Fore. Earn. Growth
N/A
Market Cap
$884.09M
Next Earnings
May 1, 2024
Next Dividend
Mar 13, 2024

GNK Zen Score

WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on GNK's stock page.

Is GNK stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge GNK's fair value.

Using relative valuations methods:

  • GNK could be overvalued based on its P/B ratio of 0.97x, relative to Marine Shipping industry P/B ratio of 0.93x

You can access more valuation research on GNK's stock here.

GNK Financial Overview

Positive Financial Indicators:

  • Total GNK debt is lower than 5 years ago, relative to shareholder equity.
  • GNK has a low debt to equity ratio of 0.25.
  • GNK has cash burn of 2228000. It has sufficient cash and short-term investments to cover this for at least one year.
  • GNK has $47.11M in cash and short term investments. This is enough to cover its annual cash burn of $2.23M.
  • There are more short-term assets than short-term liabilities on the GNK balance sheet.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the GNK balance sheet.
  • GNK profit margin has gone down from 29.5% to -3.4% in the past year.

Do analysts think it's a good time to buy Genco Shipping & Trading stock

Out of 2 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

SMA10
19.34
SMA20
18.56
SMA50
17.45
SMA100
15.87
SMA200
14.82
MACD
0.85
MACD Signal
0.64
MACD Histogram
0.2
RSI
76.92
Stochastic %K
93.51
Stochastic %D
89.41
StochRSI %K
93.5
StochRSI %D
84.87

GNK Growth Metrics

Last year, GNK revenue was $383.83M. Over the past five year, GNK's revenue has increased by 0.87% per year. This was slower than the Marine Shipping industry average of 15.89%.

Learn more about GNK's earnings and revenue performance here.

Latest Insiders Trades at GNK

In the past year, executives and large shareholders at GNK have sold more shares than they have bought.

Joseph Adamo, Chief Accounting Officer of GNK, was the latest GNK insider to sell. They sold $13,219.20 worth of GNK stock on Feb 29, 2024.

Dig into more about who owns GNK shares here.

Can I rely on GNK as an income stream?

Genco Shipping & Trading pays a dividend of 4.59%, compared to the Marine Shipping industry's average dividend yield of 7.22%. If you owned $1,000 of GNK stock, you would have received $45.92 last year.

Genco Shipping & Trading dividend payments have not consistently grown over the past 5 years and have not remained stable.

Find more info about Genco Shipping & Trading dividend yield and history here.

What others are saying about GNK

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other community members 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 stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount, use a limit order.

Click the Open button and your broker will place your order.

If you want additional help buying stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Keep tabs on your GNK position

Now that you own some GNK stock, you'll want to keep up with your new investment.

Add GNK to a watchlist to keep track of your GNK stock.

GNK Feed

How to Buy Stock in Genco Shipping & Trading

To reiterate, here are the 6 steps to buy Genco Shipping & Trading stock:

  1. Choose where to buy Genco Shipping & Trading stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Evaluate Genco Shipping & Trading stock
  5. Make your GNK purchase
  6. Keep tabs on your GNK position

If you require a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your new investment in Genco Shipping & Trading, click the button below.

NYSE: GNK
$20.69+0.29 (+1.42%)
Updated Mar 1, 2024
Open eToro Account
NYSE: GNK
$20.69+0.29 (+1.42%)
Updated Mar 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Genco Shipping & Trading share?

As of Mar 1, 2024, it costs $20.69 to buy one share of Genco Shipping & Trading stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.483 shares of GNK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Genco Shipping & Trading stock?

According to 2 Wall Street analysts who monitor Genco Shipping & Trading, their consensus recommendation is to buy Genco Shipping & Trading stock.

What is the best way to buy Genco Shipping & Trading stock?

One way to place an order for Genco Shipping & Trading stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.