How to Buy Great Lakes Dredge & Dock Stock
Great Lakes Dredge & Dock Corp
Great Lakes Dredge & Dock Corporation provides dredging services in the United States.
Great Lakes Dredge & Dock stock last closed at $6.60, down 7.04% from the previous day, and has increased 13.21% in one year. It has underperformed other stocks in the Engineering & Construction industry by 0.4 percentage points. Great Lakes Dredge & Dock stock is currently +22.11% from its 52-week low of $5.41, and -32.52% from its 52-week high of $9.78.
There are currently 66.62M shares of GLDD outstanding. The market value of GLDD is $439.71M. In the last 24 hours, 868,015 GLDD shares were traded.
How to Buy Great Lakes Dredge & Dock Stock
Wondering how to invest in Great Lakes Dredge & Dock stock? Here's how.
- Figure out where to buy Great Lakes Dredge & Dock stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Great Lakes Dredge & Dock stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your method of payment and add your info.
- Research Great Lakes Dredge & Dock stock: The Great Lakes Dredge & Dock ticker symbol is GLDD. Is Great Lakes Dredge & Dock stock a good investment? Should you buy shares of GLDD? How do GLDD's underlying business fundamentals look? Do top analysts think Great Lakes Dredge & Dock is a good buy? Why has GLDD's stock price moved recently? (Hint: Our stock research website can help you evaluate if GLDD is a good stock to buy).
- Make your GLDD trade: Decide if you will purchase GLDD shares at the current market price or use a limit order to purchase GLDD shares at a particular price.
- Get key alerts regarding your GLDD investment: Create a watchlist to important notifications about your new investment in Great Lakes Dredge & Dock stock.
Step 1: Figure out where to buy Great Lakes Dredge & Dock stock
You need an online brokerage account to access the NASDAQ market and buy GLDD shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro offers 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 creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can invest in GLDD today.
How to Set Up a New Brokerage 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.
- Input your personal data to start a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on the best stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of depositing money into your new investment account.
Step 4: Research Great Lakes Dredge & Dock stock
After you have identified the best place to buy Great Lakes Dredge & Dock stock, it's important to evaluate their stock prior to investing, so you can understand the risk as well as the opportunity.
Great Lakes Dredge & Dock quick stats
Great Lakes Dredge & Dock Fundamentals
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on GLDD's stock page.
Is GLDD stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge GLDD's fair value.
Using relative valuations ratios:
- GLDD could be undervalued based on its P/E ratio of 31.43x, relative to Engineering & Construction industry P/E ratio of 34.78x
- GLDD may be undervalued based on its P/B ratio of 1.14x, relative to Engineering & Construction industry P/B ratio of 4.21x
You can access additional valuation analysis on GLDD's stock here.
GLDD Financial Overview
Positive Financial Indicators:
- GLDD profit margin has gone up from -5.2% to 2.4% in the past year.
- GLDD has $22.84M in cash and short term investments. This is sufficient to cover its annual cash burn of $72.72M.
- There are more short-term assets than short-term liabilities on the GLDD balance sheet.
- Total GLDD debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the GLDD balance sheet.
- GLDD has a relatively high debt to equity ratio of 1.88.
- GLDD has cash burn of 72716000. It does not have enough cash and short-term investments to cover this.
You can dive deeper into what analysts are forecasting on the Great Lakes Dredge & Dock stock forecast page.
GLDD Trading Indicators
GLDD Revenue
Last year, GLDD earnings were $13.91M. During the past 4 year, GLDD's earnings have gone up by -27.97% per year. This was slower than the Engineering & Construction industry average of 19.19%.
Last year, GLDD revenue was $589.63M. In the last 5 year, GLDD's revenue has increased by -1.02% per year. This was slower than the Engineering & Construction industry average of 10.6%.
You can research GLDD's earnings and revenue performance here.
Who is buying/selling GLDD?
Over the past year, insiders at GLDD have bought more shares than they have sold.
Scott Lee Kornblau, SVP CFO Treasurer of GLDD, was the latest GLDD insider to sell. They sold $141,463.25 worth of GLDD shares on Apr 25, 2024.
Research more about who owns GLDD stock here.
Can I rely on GLDD as an income stream?
No, Great Lakes Dredge & Dock doesn't provide an income stream by paying out dividends.
GLDD Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your GLDD trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open Trade button and your broker will place the order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your GLDD investment
Now that you own some shares in GLDD, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to keep track of your GLDD stock.
GLDD Feed
How to Buy Stock in Great Lakes Dredge & Dock
To summarize, here are the 6 steps for buying Great Lakes Dredge & Dock stock:
- Figure out where to buy Great Lakes Dredge & Dock stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Great Lakes Dredge & Dock stock
- Make your GLDD trade
- Get key alerts regarding your GLDD investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Great Lakes Dredge & Dock, add GLDD to your watchlist by clicking the button below.
Other Articles You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.