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 $20.28, up 0.1% from the previous day, and has increased 21.73% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.03 percentage points. Genco Shipping & Trading stock is currently +63.68% from its 52-week low of $12.39, and -4.52% from its 52-week high of $21.24.
There are currently 42.73M shares of GNK outstanding. The market cap of GNK is $866.57M. In the last 24 hours, 403,607 GNK shares were traded.
How to Buy Genco Shipping & Trading Stock
Not sure how to invest in Genco Shipping & Trading stock? Here's how.
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.
Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
Fund your brokerage account: Select your payment method and add your information.
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).
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.
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.
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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.
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
$20.28
1w %
-3.2%
1y %
21.73%
5y %
133.91%
P/E
-67.6x
P/B
0.95x
P/S
2.26x
PEG
N/A
Revenue
$383.83M
Earnings
-$12.87M
Fore. Rev. Growth
-25.69%
Fore. Earn. Growth
N/A
Market Cap
$866.57M
Next Earnings
May 9, 2024
Next Dividend
N/A
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 0.95x, relative to Marine Shipping industry P/B ratio of 0.94x
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 15.68%.
Genco Shipping & Trading pays a dividend of 4.24%, compared to the Marine Shipping industry's average dividend yield of 5.49%. If you owned $1,000 of GNK stock, you would have received $42.41 last year.
Genco Shipping & Trading dividend payments have not consistently grown over the past 5 years and have not remained stable.
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:
How much does it cost to buy one Genco Shipping & Trading share?
As of Apr 18, 2024, it costs $20.28 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 0.493 shares of GNK.
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.