How to Buy Genie Energy Stock
Genie Energy Ltd
Genie Energy is a regulated electric utility company located in New Jersey, United States, which is part of the Utilities sector, and is traded under the ticker GNE on the NYSE exchange.
Genie Energy stock last closed at $15.71, up 2.75% from the previous day, and has decreased 1.01% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.07 percentage points. Genie Energy stock is currently +21.31% from its 52-week low of $12.95, and -49.16% from its 52-week high of $30.90.
At the moment, there are 27.36M GNE shares outstanding. The market capitalization of GNE is $429.83M. In the last 24 hours, 92,841 GNE shares were traded.
How to Buy Genie Energy Stock
Not sure how to invest in Genie Energy stock? Here's how.
- Choose where to buy Genie Energy stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Genie Energy stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your information.
- Evaluate Genie Energy stock: The Genie Energy ticker symbol is GNE. Is Genie Energy stock a good investment? Should you buy shares of GNE? How do GNE's underlying business fundamentals look? Do top analysts think Genie Energy is a good buy? Why has GNE's stock price moved recently? (Hint: Our stock research tools can help you decide if GNE is a good stock to buy).
- Make your GNE buy order: Decide if you will purchase GNE shares at the current market price or use a limit order to buy GNE stock at a specific price.
- Track your GNE position: Create a watchlist to track your new investment in Genie Energy shares.
Step 1: Choose where to buy Genie Energy stock
You will need an online brokerage account to access the NYSE market and buy GNE shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to invest in GNE today.
How to Open a New Investment 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 info to create your new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on app for stock market, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing money into your investment account.
Step 4: Evaluate Genie Energy stock
Once you have figured out the best place to buy Genie Energy stock, it's critical to evaluate their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Overview of key GNE info
Genie Energy Fundamentals
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on GNE's stock page.
Is GNE stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GNE's true value.
Using relative valuations ratios:
- GNE could be overvalued based on its P/E ratio of 20.95x, relative to Utilities - Regulated Electric industry P/E ratio of 16.92x
- GNE may be overvalued based on its P/B ratio of 2.18x, relative to Utilities - Regulated Electric industry P/B ratio of 1.67x
You can do more valuation research on GNE's stock here.
A look at GNE Cashflows and Balance Sheet
Passed Health Checks:
- GNE's operating cash flow of $62.48M allows it to safely service it's debt of $0.00.
- There are more short-term assets than short-term liabilities on the GNE balance sheet.
- There are more short-term assets than long-term liabilities on the GNE balance sheet.
- GNE earnings of $23.88M is not enough to cover its interest payments.
Failed Health Checks:
- GNE has a relatively high debt to equity ratio of 0.74.
- GNE profit margin has gone down from 27.2% to 4.5% in the past year.
- Total GNE debt is higher than 5 years ago, relative to shareholder equity.
GNE Momentum
GNE Performance Metrics
Last year, GNE earnings were $19.21M. During the past 5 year, GNE's earnings have grown by -2.47% per year. This was slower than the Utilities - Regulated Electric industry average of 15.68%.
Last year, GNE revenue was $428.71M. During the last five year, GNE's revenue has increased by 8.87% per year. This was faster than the Utilities - Regulated Electric industry average of 3.98%.
You can analyze GNE's earnings and revenue performance here.
Latest Insiders Trades at GNE
Over the past year, insiders at GNE have bought more shares than they have sold.
Avi Goldin, CFO of GNE, was the latest GNE insider to sell. They sold $117,881.28 worth of GNE stock on Feb 10, 2024.
Dig into more about who owns GNE shares here.
Does GNE provide a stable income stream?
Genie Energy pays a dividend of 1.91%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.92%. If you owned $1,000 worth of GNE stock, you would have been paid $19.10 in the past year.
Genie Energy dividend payments have consistently grown over the past decade but have not remained stable.
Get more data about Genie Energy dividend yield and history here.
What do other investors have to say about GNE?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your GNE buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you require additional help buying stocks on eToro, click the helpful video below:
Step 6: Track your GNE position
Now that you own some GNE stock, you'll want to keep up with your new investment.
Start a watchlist to see the latest developments about your GNE stock.
GNE Feed
How to Buy Stock in Genie Energy
To reiterate, here are the 6 steps to buy stock in Genie Energy:
- Choose where to buy Genie Energy stock
- Create a brokerage account
- Deposit money your investment account
- Evaluate Genie Energy stock
- Make your GNE buy order
- Track your GNE position
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Genie Energy, click the button below.
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