How to Buy Cool Co Stock
Cool Co Ltd
Cool Co is a shipping company located in Bermuda, which is part of the Industrials sector, and is traded under the ticker CLCO on the NYSE exchange.
Cool Co stock last closed at $10.96, up 1.29% from the previous day, and has decreased 8.36% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.5 percentage points. Cool Co stock is currently +6% from its 52-week low of $10.34, and -24.41% from its 52-week high of $14.50.
There are currently 53.7M shares of CLCO outstanding. The market capitalization of CLCO is $588.58M. In the last 24 hours, 100,653 CLCO shares were traded.
How to Buy Cool Co Stock
Not sure how to invest in Cool Co stock? Here's how.
- Choose where to buy Cool Co stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Cool Co stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your details.
- Evaluate Cool Co stock: The Cool Co ticker symbol is CLCO. Is Cool Co stock a good investment? Should you buy shares of CLCO? How do CLCO's underlying business fundamentals look? Do top analysts think Cool Co is a good buy? Why has CLCO's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if CLCO is a good stock to buy).
- Place your CLCO trade: Decide if you will purchase CLCO shares at the current market price or use a limit order to buy CLCO shares at a given price.
- Keep tabs on your CLCO position: Create a watchlist to keep track of your investment in Cool Co stock.
Step 1: Choose where to buy Cool Co stock
You will need a brokerage account to access the NYSE market and buy CLCO shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Technology to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you can buy CLCO stock today.
How to Create 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 info to open a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on one of the best stock apps, you need to deposit funds:
Watch the video below for more details depositing money into your brokerage account.
Step 4: Evaluate Cool Co stock
Once you have chosen the best place to buy Cool Co stock, it's very important to analyze their stock before you buy, so you can wrap your head around the risk and opportunity.
Cool Co Metrics
CLCO Due Diligence Checks
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CLCO's stock page.
Is CLCO stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CLCO's fair value.
Using relative valuations ratios:
- CLCO could be undervalued based on its P/E ratio of 3.37x, relative to Marine Shipping industry P/E ratio of 17.39x
- CLCO could be undervalued based on its P/B ratio of 0.8x, relative to Marine Shipping industry P/B ratio of 1.02x
You can access additional valuation analysis on CLCO's stock here.
Is CLCO a healthy company?
Passed Financial Due Diligence Checks:
- CLCO profit margin has gone up from 40.3% to 46.1% in the past year.
Failed Financial Due Diligence Checks:
- There are more short-term liabilities than short-term assets on the CLCO balance sheet.
- CLCO has a relatively high debt to equity ratio of 1.7.
- CLCO's operating cash flow of $198.93M allows it to safely service it's debt of $1.06B.
- There are more long-term liabilities than short-term assets on the CLCO balance sheet.
- CLCO earnings of $255.48M is not enough to cover its interest payments.
You can dig deeper into what analysts are projecting on the Cool Co stock forecast page.
CLCO Trading Indicators
CLCO Growth Numbers
Last year, CLCO earnings were $174.73M. Over the last two year, CLCO's earnings have grown by -54.52% per year. This was slower than the Marine Shipping industry average of 15.39%.
Last year, CLCO revenue was $379.01M. Over the last 3 year, CLCO's revenue has increased by 106.16% per year. This was faster than the Marine Shipping industry average of 15.29%.
You can analyze CLCO's earnings and revenue performance here.
Are CLCO executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at CLCO have not bought or sold any shares.
Learn more about who owns CLCO stock here.
Can I rely on CLCO as an income stream?
No, Cool Co doesn't provide an income stream by paying out dividends.
What others are saying about CLCO
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your CLCO trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most 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 ensure you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your CLCO position
Now that you own some shares in CLCO, you'll want to keep up with your new investment.
Add CLCO to a watchlist to keep tabs on your CLCO stock.
CLCO Feed
How to Buy Stock in Cool Co
To summarize, here are the 6 steps you need to take to buy Cool Co stock right now:
- Choose where to buy Cool Co stock
- Create your brokerage account
- Fund your brokerage account
- Evaluate Cool Co stock
- Place your CLCO trade
- Keep tabs on your CLCO position
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Cool Co, create a watchlist on WallStreetZen today.
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