How to Buy Abacus Life Stock
Abacus Life Inc
Abacus Life, Inc. operates as an alternative asset manager specializing in life insurance products.
Abacus Life stock last closed at $11.98, down 0.75% from the previous day, and has increased 16.14% in one year. It has underperformed other stocks in the Insurance - Life industry by 0.23 percentage points. Abacus Life stock is currently +119.01% from its 52-week low of $5.47, and -9.58% from its 52-week high of $13.25.
As of Apr 24, 2024, there are 63.69M ABL shares outstanding. The market value of ABL is $763.06M. In the past 24 hours, 35,745 ABL shares were traded.
How to Buy Abacus Life Stock
Not sure how to invest in Abacus Life stock? Here's how.
- Figure out where to buy Abacus Life stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Abacus Life stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Abacus Life stock: The Abacus Life ticker symbol is ABL. Is Abacus Life stock a good investment? Should you buy shares of ABL? How do ABL's underlying business fundamentals look? Do top analysts think Abacus Life is a good buy? Why has ABL's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if ABL is a good stock to buy).
- Make your ABL trade: Decide if you will purchase ABL shares at the current market price or use a limit order to purchase ABL stock at a particular price.
- Monitor your ABL position: Create a watchlist to watch your investment in Abacus Life stock.
Step 1: Figure out where to buy Abacus Life stock
You need an online brokerage account to access the NASDAQ market and buy ABL shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in ABL stock today.
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- 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.
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Step 3: Put funds into your brokerage account
Now that you have filled out your info on the highest rated app to buy and sell stocks, you can securely and quickly fund your account:
Check out the video below to see the process of transferring money into your new brokerage account.
Step 4: Evaluate Abacus Life stock
After you have figured out the best place to buy Abacus Life stock, it's absolutely critical to research their stock prior to buying, so you actually wrap your head around the risk and upside.
Abacus Life stock quick numbers
Abacus Life Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on ABL's stock page.
Is ABL stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ABL's fair value.
Using relative valuations metrics:
- ABL may be overvalued based on its P/E ratio of 70.47x, relative to Insurance - Life industry P/E ratio of 16.39x
- ABL could be overvalued based on its P/B ratio of 4.65x, relative to Insurance - Life industry P/B ratio of 1.4x
You can do more valuation analysis on ABL's stock here.
A look at ABL Cashflows and Balance Sheet
Signs that ABL is financially healthy:
- There are more short-term assets than short-term liabilities on the ABL balance sheet.
Signs that ABL is not financially healthy:
- ABL has cash burn of 64712823. It does not have sufficient cash and short-term investments to cover this.
- ABL profit margin has gone down from 70.9% to 14.3% in the past year.
- There are more long-term liabilities than short-term assets on the ABL balance sheet.
- ABL has a relatively high debt to equity ratio of 1.02.
- ABL has $27.84M in cash and short term investments. This is not enough to cover its annual cash burn of $64.71M.
ABL Trading Indicators
ABL Growth Metrics
Last year, ABL earnings were $9.52M. During the last 2 year, ABL's earnings have grown by -75.83% per year. This was slower than the Insurance - Life industry average of -2.55%.
Last year, ABL revenue was $66.40M. In the past 2 year, ABL's revenue has grown by 643.88% per year. This was faster than the Insurance - Life industry average of -1.4%.
You can analyze ABL's earnings and revenue performance here.
What are ABL executives and large shareholders up to?
In the past year, insiders at ABL have bought more shares than they have sold.
Adam Samuel Gusky, Director of ABL, was the latest ABL insider to buy. They bought $30,100.00 worth of ABL shares on Nov 17, 2023.
Learn more about who owns ABL stock here.
Does ABL stock generate passive income?
No, Abacus Life doesn't provide an income stream by paying out dividends.
What others are saying about ABL
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your ABL trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer 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, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you require more info about buying stocks on eToro, watch the how to video below:
Step 6: Monitor your ABL position
Now that you own some ABL shares, you'll want to keep up with your new investment.
Add ABL to a watchlist to get notified of the latest news about your ABL stock.
ABL Feed
How to Buy Stock in Abacus Life
To reiterate, here are the 6 steps you need to take to buy Abacus Life stock right now:
- Figure out where to buy Abacus Life stock
- Create a brokerage account
- Put funds into your brokerage account
- Evaluate Abacus Life stock
- Make your ABL trade
- Monitor your ABL position
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Abacus Life, add ABL to your watchlist by clicking the button below.
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