How to Buy Bluelinx Holdings Stock
Bluelinx Holdings Inc
Bluelinx Holdings is a industrial distribution company located in Georgia, United States, which is part of the Industrials sector, and is traded under the ticker BXC on the NYSE exchange.
Bluelinx Holdings stock last closed at $109.69, down 0.28% from the previous day, and has increased 53.82% in one year. It has overperformed other stocks in the Industrial Distribution industry by 0.24 percentage points. Bluelinx Holdings stock is currently +64.75% from its 52-week low of $66.58, and -17.32% from its 52-week high of $132.67.
As of Apr 18, 2024, there are 8.65M shares of BXC outstanding. The market cap of BXC is $948.82M. In the last 24 hours, 68,608 BXC shares were traded.
How to Buy Bluelinx Holdings Stock
Wondering how to invest in Bluelinx Holdings stock? Here's how.
- Figure out where to buy Bluelinx Holdings stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Bluelinx Holdings stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your details.
- Evaluate Bluelinx Holdings stock: The Bluelinx Holdings ticker symbol is BXC. Is Bluelinx Holdings stock a good investment? Should you buy shares of BXC? How do BXC's underlying business fundamentals look? Do top analysts think Bluelinx Holdings is a good buy? Why has BXC's stock price moved recently? (Hint: Our stock market analysis website can help you understand if BXC is a good stock to buy).
- Execute your BXC purchase: Decide if you will purchase BXC shares at the current market price or use a limit order to buy BXC stock at a specific price.
- Track your investment in BXC: Create a watchlist to key updates about your investment in Bluelinx Holdings shares.
Step 1: Figure out where to buy Bluelinx Holdings stock
You need an online brokerage account to access the NYSE market and buy BXC shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you can invest in BXC today.
How to Create a New 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 open a new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your new investment account.
Step 4: Evaluate Bluelinx Holdings stock
Once you have chosen the best place to buy Bluelinx Holdings stock, it's crucial to research their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Bluelinx Holdings quick stats
Bluelinx Holdings Zen Score
WallStreetZen was created to help average investors do better fundamental analysis in less time.
You can view all of the due diligence checks on BXC's stock page.
What is the fair value of BXC stock?
You can use many financial metrics, analyses, models, and charts to gauge BXC's true value.
Using relative valuations ratios:
- BXC could be undervalued based on its P/E ratio of 20.31x, relative to Industrial Distribution industry P/E ratio of 507.62x
- BXC could be undervalued based on its P/B ratio of 1.5x, relative to Industrial Distribution industry P/B ratio of 6.71x
You can access more valuation analysis on BXC's stock here.
How do BXC Financials look?
Signs that BXC is financially healthy:
- There are more short-term assets than long-term liabilities on the BXC balance sheet.
- There are more short-term assets than short-term liabilities on the BXC balance sheet.
- Total BXC debt is lower than 5 years ago, relative to shareholder equity.
- BXC's operating cash flow of $306.29M allows it to safely service it's debt of $617.97M.
Signs that BXC is not financially healthy:
- BXC earnings of $105.63M is not sufficient to cover its interest payments.
- BXC profit margin has gone down from 6.7% to 1.5% in the past year.
- BXC has a relatively high debt to equity ratio of 1.42.
Is BXC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who give recommendations on BXC, the consensus analyst rating on Bluelinx Holdings is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Bluelinx Holdings stock forecast page.
BXC Momentum
How is BXC performing as a company?
Last year, BXC earnings were $48.54M. During the last three year, BXC's earnings have gone up by -71.83% per year. This was slower than the Industrial Distribution industry average of 12.08%.
Last year, BXC revenue was $3.14B. Over the last 5 year, BXC's revenue has increased by 1.84% per year. This was slower than the Industrial Distribution industry average of 23.39%.
Dive into BXC's earnings and revenue performance here.
What are BXC executives and large shareholders up to?
In the past 12 months, executives and large shareholders at BXC have sold more shares than they have bought.
Mitchell B. Lewis, Director of BXC, was the latest BXC insider to sell. They sold $622,598.16 worth of BXC stock on Mar 15, 2024.
Learn more about who owns BXC shares here.
Does BXC provide a stable income stream?
No, Bluelinx Holdings doesn't provide an income stream by paying out dividends.
BXC Social Trading Data
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Step 5: Execute your BXC purchase
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order enables 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 price, place a limit order.
Click the Open button and your broker will execute your order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Track your investment in BXC
Now that you own some shares in BXC, you'll want to stay up-to-date on your new investment.
Add BXC to a watchlist to monitor your BXC stock.
BXC Feed
How to Buy Stock in Bluelinx Holdings
To reiterate, here are the 6 steps to buy Bluelinx Holdings stock:
- Figure out where to buy Bluelinx Holdings stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Bluelinx Holdings stock
- Execute your BXC purchase
- Track your investment in BXC
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Bluelinx Holdings, hit the button below to create your watchlist.
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