How to Buy 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.

Step 2: Sign up for a brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy GNK stock today.

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1. Click here to get started.
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2. Provide your personal data to create a new brokerage account.

3. Submit your information by pressing the "Create Account" button.
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Fund your brokerage account

Now that you have opened your account on the best app for stock investing, your next step is to transfer the money for your investment:

Watch the video below to see the process of transferring money into your new brokerage account.

Step 4: Evaluate Genco Shipping & Trading stock

Once you have selected the best place to buy Genco Shipping & Trading stock, it's important to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the upside.

Genco Shipping & Trading stock quick numbers

GNK Zen Score

WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on GNK's stock page.

What is the fair value of GNK stock?

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

Using relative valuations methods:

• GNK may be overvalued based on its P/E ratio of 281.5x, relative to Marine Shipping industry P/E ratio of 16.62x
• GNK could be undervalued based on its P/B ratio of 1.05x, relative to Marine Shipping industry P/B ratio of 1.24x
• GNK could be undervalued based on its PEG ratio of 0.4x

You can do more valuation analysis on GNK's stock here.

A look at GNK Cashflows and Balance Sheet

Positive Financial Indicators:

• Total GNK debt is lower than 5 years ago, relative to shareholder equity.
• GNK has a low debt to equity ratio of 0.22.
• GNK's operating cash flow of $104.47M allows it to safely service it's debt of $164.20M.
• There are more short-term assets than short-term liabilities on the GNK balance sheet.

Negative Financial Indicators:

• There are more long-term liabilities than short-term assets on the GNK balance sheet.
• GNK profit margin has gone down from 24.1% to 0.8% in the past year.
• GNK earnings of $14.09M is not sufficient to cover its interest payments.

Do analysts think it's a good time to buy Genco Shipping & Trading stock

Out of 3 Wall Street analysts who research GNK, the consensus analyst rating on Genco Shipping & Trading is a Strong Buy

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

You can dive deeper into what analysts are forecasting on the Genco Shipping & Trading stock forecast page.

GNK Trading Indicators

GNK Earnings

Last year, GNK earnings were $3.29M. Over the last five year, GNK's earnings have grown by -28.56% per year. This was slower than the Marine Shipping industry average of 14.25%.

Last year, GNK revenue was $406.87M. Over the past five year, GNK's revenue has gone up by 1.16% per year. This was slower than the Marine Shipping industry average of 44.84%.

Learn more about GNK's earnings and revenue performance here.

What are GNK executives and large shareholders up to?

Over the past 12 months, insiders at GNK have sold more shares than they have bought.

Arthur L. Regan, Director of GNK, was the latest GNK insider to sell. They sold $32,004.00 worth of GNK stock on May 13, 2024.

Get more info about who owns GNK shares here.

Can I rely on GNK as an income stream?

Genco Shipping & Trading pays a dividend of 5.02%, compared to the Marine Shipping industry's average dividend yield of 4.62%. If you owned $1,000 worth of GNK stock, you would have been paid $50.18 last year.

Genco Shipping & Trading dividend payments have not consistently grown over the past 5 years and have not remained stable.

Get more data about Genco Shipping & Trading dividend yield and history here.

GNK Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other traders 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 security at the best available price.
  Market orders are mostly fine.
• Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
  If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.

Press the Open button and your broker will execute your order.

If you require additional help with buying stocks on eToro, watch the helpful video below:

Step 6: Keep tabs on your GNK position

Now that you own some shares in GNK, you'll want to stay up-to-date on your company.

Add GNK to a watchlist to keep tabs on your GNK stock.

How to Buy Stock in Genco Shipping & Trading

To summarize, here are the 6 steps to buy Genco Shipping & Trading stock:

1. Choose where to buy Genco Shipping & Trading stock
2. Sign up for a brokerage account
3. Fund your brokerage account
4. Evaluate Genco Shipping & Trading stock
5. Make your GNK purchase
6. Keep tabs on your GNK position

If you are looking for a brokerage, eToro is our favorite venue.

If you want to keep track of your new investment in Genco Shipping & Trading, add GNK to your watchlist by clicking the button below.

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