How to Buy Despegarcom Stock
Despegarcom Corp
Despegarcom is a travel company located in Argentina, which is part of the Industrials sector, and is traded under the ticker DESP on the NYSE exchange.
Despegarcom stock last closed at $13.53, up 7.72% from the previous day, and has increased 100.15% in one year. It has overperformed other stocks in the Travel Services industry by 0.61 percentage points. Despegarcom stock is currently +122.17% from its 52-week low of $6.09, and -14.48% from its 52-week high of $15.82.
As of Oct 4, 2024, there are 66.65M shares of DESP outstanding. The market value of DESP is $901.76M. In the past 24 hours, 786,868 DESP shares were traded.
How to Buy Despegarcom Stock
Wondering how to invest in Despegarcom stock? Here's how.
- Figure out where to buy Despegarcom stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Despegarcom stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your info.
- Research Despegarcom stock: The Despegarcom ticker symbol is DESP. Is Despegarcom stock a good investment? Should you buy shares of DESP? How do DESP's underlying business fundamentals look? Do top analysts think Despegarcom is a good buy? Why has DESP's stock price moved recently? (Hint: Our stock research tools can help you evaluate if DESP is a good stock to buy).
- Execute your DESP purchase: Decide if you will purchase DESP shares at the current market price or use a limit order to buy DESP shares at a specific price.
- Watch your DESP position: Create a watchlist to important notifications about your new investment in Despegarcom shares.
Step 1: Figure out where to buy Despegarcom stock
You need an online brokerage account to access the NYSE market and buy DESP stock.
Our favorite brokerage: eToro
We believe that eToro is the best online stock brokerage. Here's why:
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to invest in DESP 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.
- Provide your personal info to start a new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on mobile trading apps, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help transferring money into your brokerage account.
Step 4: Research Despegarcom stock
Once you have figured out the best place to buy Despegarcom stock, it's crucial to analyze their stock prior to buying, so you truly understand the risk as well as the opportunity.
Despegarcom shares at a glance
Despegarcom Due Diligence Checks
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on DESP's stock page.
How is DESP stock valued?
You can use many financial metrics, analyses, models, and charts to gauge DESP's true value.
You can do more valuation research on DESP's stock here.
A look at DESP Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the DESP balance sheet.
- DESP profit margin has gone up from 0.5% to 3.3% in the past year.
- DESP's operating cash flow of $78.86M allows it to safely service it's debt of $52.87M.
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the DESP balance sheet.
- DESP earnings of $93.33M is not sufficient to cover its interest payments.
- Total DESP debt is still negative.
- DESP debt to equity ratio of -10.82 is negative.
Do Wall Street analysts think it's a good time to buy Despegarcom stock
Out of 4 Wall Street analysts who research DESP, the consensus analyst rating on DESP is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Despegarcom stock forecast page.
Metrics for Advanced DESP Traders
DESP Revenue
Last year, DESP revenue was $740.52M. In the last four year, DESP's revenue has increased by 21.13% per year. This was slower than the Travel Services industry average of 28.55%.
Dig into DESP's earnings and revenue performance here.
Are DESP executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at DESP have not bought or sold any shares.
Get more info about who owns DESP stock here.
Does DESP provide a stable income stream?
No, Despegarcom doesn't provide an income stream by paying out dividends.
What others are saying about DESP
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your DESP purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Watch your DESP position
Now that you own some shares in DESP, you'll want to stay up-to-date on your shares.
Put DESP on a watchlist to keep track of your DESP stock.
DESP Feed
How to Buy Stock in Despegarcom
To summarize, here are the 6 steps for buying Despegarcom stock:
- Figure out where to buy Despegarcom stock
- Create a brokerage account
- Put funds into your investment account
- Research Despegarcom stock
- Execute your DESP purchase
- Watch your DESP position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Despegarcom, add DESP to your watchlist below.
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