How to Buy Dingdong Stock
Dingdong Ltd
Dingdong is a grocery store company located in China, which is part of the Consumer Defensive sector, and is traded under the ticker DDL on the NYSE exchange.
Dingdong stock last closed at $2.62, up 5.65% from the previous day, and has decreased 43.17% in one year. It has underperformed other stocks in the Grocery Stores industry by 0.37 percentage points. Dingdong stock is currently +16.44% from its 52-week low of $2.25, and -62.03% from its 52-week high of $6.90.
There are currently 354.34M shares of DDL outstanding. The market capitalization of DDL is $619.23M. In the past 24 hours, 410,219 DDL shares were traded.
How to Buy Dingdong Stock
Wondering how to invest in Dingdong stock? Here's how.
- Decide where to buy Dingdong stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Dingdong stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your info.
- Evaluate Dingdong stock: The Dingdong ticker symbol is DDL. Is Dingdong stock a good investment? Should you buy shares of DDL? How do DDL's underlying business fundamentals look? Do top analysts think Dingdong is a good buy? Why has DDL's stock price moved recently? (Hint: Our stock market research website can help you figure out if DDL is a good stock to buy).
- Place your DDL buy order: Decide if you will purchase DDL shares at the current market price or use a limit order to purchase DDL shares at a particular price.
- Get notifications regarding your investment in DDL: Create a watchlist to get live updates on your investment in Dingdong stock.
Step 1: Decide where to buy Dingdong stock
You will need an online brokerage account to access the NYSE market and buy DDL stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you are able to buy DDL today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Enter your personal details to start a new trading account.
- Send your data by clicking the "Create Account" button.
Step 3: Put funds into your brokerage account
Now that you've opened your account on one of the most highly reviewed stock market apps, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing money into your new brokerage account.
Step 4: Evaluate Dingdong stock
Once you have selected the best place to buy Dingdong stock, it's important to evaluate their stock prior to buying, so you can comprehend the risk as well as the opportunity.
Dingdong Numbers
Dingdong Due Diligence Checks
WallStreetZen was created to help everyday investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on DDL's stock page.
Is DDL stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DDL's intrinsic value.
Using relative valuations methods:
- DDL could be overvalued based on its P/B ratio of 14.81x, relative to Grocery Stores industry P/B ratio of 3.22x
You can do more valuation analysis on DDL's stock here.
A quick look at DDL Financials
Signs that DDL is financially healthy:
- There are more short-term assets than long-term liabilities on the DDL balance sheet.
- DDL profit margin has gone up from -26.4% to -1.6% in the past year.
Signs that DDL is not financially healthy:
- DDL earnings of -$34.97M is not sufficient to cover its interest payments.
- DDL has a relatively high debt to equity ratio of 27.88.
- There are more short-term liabilities than short-term assets on the DDL balance sheet.
- DDL's operating cash flow of $24.02M allows it to safely service it's debt of $742.45M.
Do Wall Street analysts think it's a good time to buy Dingdong stock
Out of 1 Wall Street analysts who research DDL, the consensus analyst rating on DDL is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent DDL Analyst Upgrades/Downgrades
Andre Chang, a bottom 9% analyst from JP Morgan maintains DDL with a strong buy rating and raises their DDL price target from $7.00 to $7.50, on Jan 11, 2023.
You can dig deeper into what analysts are saying on the Dingdong stock forecast page.
DDL Technical Indicators
DDL Growth Metrics
Last year, DDL revenue was $3.45B. During the last 2 year, DDL's revenue has grown by 34.68% per year. This was faster than the Grocery Stores industry average of 6.63%.
Learn more about DDL's earnings and revenue performance here.
Latest Insiders Trades at DDL
Over the past year, insiders at DDL have not bought or sold any shares.
Research more about who owns DDL stock here.
Can I rely on DDL as an income stream?
No, Dingdong doesn't provide an income stream by paying out dividends.
What do other investors have to say about DDL?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your DDL buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and eToro will place the order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in DDL
Now that you own some shares in DDL, you'll want to stay up-to-date on your company.
Make a watchlist to get the latest updates about your DDL stock.
DDL Feed
How to Buy Stock in Dingdong
To reiterate, here are the 6 steps for buying Dingdong stock:
- Decide where to buy Dingdong stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Dingdong stock
- Place your DDL buy order
- Get notifications regarding your investment in DDL
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Dingdong, get started below.
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