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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 $18.04, up 0.61% from the previous day, and has decreased 19.36% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.16 percentage points. Global Ship Lease stock is currently +23.39% from its 52-week low of $14.62, and -24.17% from its 52-week high of $23.79.

At the moment, there are 35.99M shares of GSL outstanding. The market capitalization of GSL is $649.26M. In the last 24 hours, 504,439 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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  2. Enter your personal info to start a new brokerage account.
  1. Send your details by clicking the "Create Account" button.
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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
$18.04
1w %
-5.35%
1y %
-19.36%
5y %
61.07%
P/E
2.33x
P/B
0.67x
P/S
1.02x
PEG
0.26x
Revenue
$645.65M
Earnings
$283.39M
Fore. Rev. Growth
-2.66%
Fore. Earn. Growth
11.24%
Market Cap
$649.26M
Next Earnings
N/A
Next Dividend
Jun 2, 2023

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/E ratio of 2.33x, relative to Marine Shipping industry P/E ratio of 9.5x
  • GSL could be undervalued based on its P/B ratio of 0.67x, relative to Marine Shipping industry P/B ratio of 0.69x
  • GSL may be undervalued based on its PEG ratio of 0.26x

You can do additional valuation research on GSL's stock here.

GSL Financials at a glance

Positive Financial Indicators:

  • GSL profit margin has gone up from 36.4% to 43.9% in the past year.
  • Total GSL debt is lower than 5 years ago, relative to shareholder equity.
  • GSL's operating cash flow of $351.94M allows it to safely service it's debt of $934.39M.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the GSL balance sheet.
  • There are more short-term liabilities than short-term assets on the GSL balance sheet.
  • GSL earnings of $368.16M is not enough to cover its interest payments.
  • GSL has a relatively high debt to equity ratio of 1.18.

Do Wall Street analysts think it's a good time to buy Global Ship Lease stock

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

It's important to note that analyst forecasts are not recommendations, nor are they investment advice.

Latest GSL Analyst Recommendations

Omar Nokta, a bottom 8% analyst from Jefferies reiterates GSL with a strong buy rating and maintains their GSL price target from $25.00 to $25.00, on May 10, 2023.

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

GSL Trading Indicators

SMA10
18.59
SMA20
18.42
SMA50
18.79
SMA100
18.79
SMA200
18.14
MACD
-0.21
MACD Signal
-0.14
MACD Histogram
-0.06
RSI
42.28
Stochastic %K
18.95
Stochastic %D
28.9
StochRSI %K
9.67
StochRSI %D
25.72

GSL Earnings

Last year, GSL earnings were $283.39M. During the last 3 year, GSL's earnings have increased by 161.72% per year. This was faster than the Marine Shipping industry average of 39.33%.

Last year, GSL revenue was $645.65M. In the last 5 year, GSL's revenue has grown by 32.3% per year. This was faster than the Marine Shipping industry average of 16.48%.

Dive into GSL's earnings and revenue performance here.

Latest Insiders Trades at GSL

Over the last year, executives and large shareholders at GSL have not bought or sold any shares.

Get more info about who owns GSL stock here.

Does GSL provide a stable income stream?

Global Ship Lease pays a dividend of 8.31%, compared to the Marine Shipping industry's average dividend yield of 18.39%. If you owned $1,000 worth of GSL stock, you would have been paid $83.15 in the past year.

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

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

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Step 5: Place your GSL trade

You have 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 usually the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.

Click the Open Trade button and your broker will execute your order.

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Step 6: Track your GSL position

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

Start a watchlist to get the latest updates about your GSL stock.

GSL Feed

How to Buy Stock in Global Ship Lease

To summarize, 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 are looking for a online brokerage, eToro is our favorite option.

Get Started with eToro Today

If you want to watch your new investment in Global Ship Lease, add GSL to your watchlist below.

NYSE: GSL
$18.04+0.11 (+0.61%)
Updated May 26, 2023
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NYSE: GSL
$18.04+0.11 (+0.61%)
Updated May 26, 2023
Open eToro Account

FAQ

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

As of May 26, 2023, it costs $18.04 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 $9, you can buy 0.499 shares of GSL.

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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.