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How to Buy Global Ship Lease Stock

Global Ship Lease Inc

Global Ship Lease is a shipping company located in Marshall Islands, which is part of the Industrials sector, and is traded under the ticker GSL on the NYSE exchange.

Global Ship Lease stock last closed at $25.80, down 3.33% from the previous day, and has increased 25.98% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.05 percentage points. Global Ship Lease stock is currently +53.57% from its 52-week low of $16.80, and -14.9% from its 52-week high of $30.32.

At the moment, there are 35.19M shares of GSL outstanding. The market capitalization of GSL is $907.86M. In the last 24 hours, 522,526 GSL shares were traded.

How to Buy Global Ship Lease Stock

Not sure how to invest in Global Ship Lease stock? Here's how.
  1. Choose where to buy Global Ship Lease stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Global Ship Lease stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your payment method and add your details.
  4. Analyze Global Ship Lease stock: The Global Ship Lease ticker symbol is GSL. Is Global Ship Lease stock a good investment? Should you buy shares of GSL? How do GSL's underlying business fundamentals look? Do top analysts think Global Ship Lease is a good buy? Why has GSL's stock price moved recently? (Hint: Our stock research website can help you understand if GSL is a good stock to buy).
  5. Place your GSL trade: Decide if you will purchase GSL shares at the current market price or use a limit order to purchase GSL shares at a particular price.
  6. Track your GSL position: Create a watchlist to keep tabs on your new investment in Global Ship Lease stock.

Step 1: Choose where to buy Global Ship Lease stock

You need an online brokerage account to access the NYSE market and buy GSL shares.

A brokerage account 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: Open a brokerage account

Now that you've selected the right brokerage, you need to fill out some personal details so you are able to buy GSL stock today.

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Step 3: Put funds into your brokerage account

Now that you've created your account on the best stock trading app, you need to deposit funds:

Watch the video below to see the process of depositing money into your investment account.

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Step 4: Analyze Global Ship Lease stock

After you have decided on the best place to buy Global Ship Lease stock, it's absolutely critical to evaluate their stock prior to buying, so you can wrap your head around the risk and opportunity.

Global Ship Lease quick stats

GSL Price
$25.80
1w %
-7.53%
1y %
25.98%
5y %
227.41%
P/E
N/A
P/B
0.72x
P/S
1.31x
PEG
N/A
Revenue
$695.07M
Earnings
$312.25M
Fore. Rev. Growth
-5.05%
Fore. Earn. Growth
N/A
Market Cap
$907.86M
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of Global Ship Lease

WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.

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

Is GSL stock undervalued or overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GSL's intrinsic value.

Using relative valuations metrics:

  • GSL may be undervalued based on its P/B ratio of 0.72x, relative to Marine Shipping industry P/B ratio of 1.13x

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

A quick look at GSL Financials

Positive Financial Indicators:

  • GSL's operating cash flow of $382.59M allows it to safely service it's debt of $761.53M.
  • GSL profit margin has gone up from 44.2% to 44.9% in the past year.
  • Total GSL debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the GSL balance sheet.
  • GSL earnings of $366.41M is not enough to cover its interest payments.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the GSL balance sheet.
  • GSL has a relatively high debt to equity ratio of 0.73.

Is it a good time to buy GSL stock, according to Wall Street analysts?

Out of 1 Equities analysts who research GSL, the consensus analyst rating on Global Ship Lease is a Strong Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Global Ship Lease stock forecast page.

GSL Technical Indicators

SMA10
27.68
SMA20
28.36
SMA50
27.43
SMA100
24.05
SMA200
21.55
MACD
-0.32
MACD Signal
0.15
MACD Histogram
-0.47
RSI
31.38
Stochastic %K
2.56
Stochastic %D
2.19
StochRSI %K
0
StochRSI %D
0

GSL Growth Numbers

Last year, GSL revenue was $695.07M. In the last five year, GSL's revenue has gone up by 30.24% per year. This was slower than the Marine Shipping industry average of 43.38%.

You can analyze GSL's earnings and revenue performance here.

Who is buying/selling GSL?

In the last 12 months, insiders at GSL have not bought or sold any shares.

Learn more about who owns GSL stock here.

Can I get consistent income from GSL stock?

Global Ship Lease pays a dividend of 5.81%, compared to the Marine Shipping industry's average dividend yield of 5.1%. If you owned $1,000 worth of GSL stock, you would have been paid $58.14 in the past year.

Global Ship Lease dividend payments have not consistently grown over the past decade and have not remained stable.

Dig into more analysis about Global Ship Lease dividend yield and history here.

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Step 5: Place your GSL trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price, place a limit order.

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

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Step 6: Track your GSL position

Now that you own some GSL shares, you'll want to stay up-to-date on your new investment.

Create a watchlist to get notified of the latest news about your GSL stock.

GSL Feed

How to Buy Stock in Global Ship Lease

To reiterate, here are the 6 steps you need to take to buy Global Ship Lease stock right now:

  1. Choose where to buy Global Ship Lease stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Analyze Global Ship Lease stock
  5. Place your GSL trade
  6. Track your GSL position

If you require a brokerage account, 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 the latest news on your investment in Global Ship Lease, click below.

NYSE: GSL
$25.80-0.89 (-3.33%)
Updated Jul 12, 2024
Open eToro Account
NYSE: GSL
$25.80-0.89 (-3.33%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Global Ship Lease share?

As of Jul 12, 2024, it costs $25.80 to buy one share of Global Ship Lease 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 0.388 shares of GSL.

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 Global Ship Lease stock?

According to 1 Wall Street analysts who monitor Global Ship Lease, their consensus recommendation is to buy Global Ship Lease stock.

What is the best way to buy Global Ship Lease stock?

One way to place an order for Global Ship Lease 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.