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How to Buy Encore Wire Stock

Encore Wire Corp

Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States.

Encore Wire stock last closed at $262.78, up 3.79% from the previous day, and has increased 48.01% in one year. It has overperformed other stocks in the Electrical Equipment & Parts industry by 0.15 percentage points. Encore Wire stock is currently +90.14% from its 52-week low of $138.20, and -0.47% from its 52-week high of $264.01.

There are currently 15.76M shares of WIRE outstanding. The market cap of WIRE is $4.14B. In the past 24 hours, 220,856 WIRE shares were traded.

How to Buy Encore Wire Stock

Wondering how to invest in Encore Wire stock? Here's how.
  1. Decide where to buy Encore Wire stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Encore Wire stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your payment method and add your info.
  4. Evaluate Encore Wire stock: The Encore Wire ticker symbol is WIRE. Is Encore Wire stock a good investment? Should you buy shares of WIRE? How do WIRE's underlying business fundamentals look? Do top analysts think Encore Wire is a good buy? Why has WIRE's stock price moved recently? (Hint: Our stock analysis website can help you decide if WIRE is a good stock to buy).
  5. Execute your WIRE trade: Decide if you will purchase WIRE shares at the current market price or use a limit order to purchase WIRE shares at a particular price.
  6. Get the latest news on your WIRE investment: Create a watchlist to watch your position in Encore Wire stock.

Step 1: Decide where to buy Encore Wire stock

You need an online brokerage account to access the NASDAQ market and buy WIRE stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to buy WIRE stock today.

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  1. Send your information by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have finished signing up on the best stock trading app, you can securely and quickly fund your account:

Check out this video walkthrough if you need help depositing funds into your investment account.

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Step 4: Evaluate Encore Wire stock

Once you have decided on the best place to buy Encore Wire stock, it's crucial to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the upside.

Encore Wire stock quick numbers

WIRE Price
$262.78
1w %
5.69%
1y %
48.01%
5y %
359.41%
P/E
11.91x
P/B
2.37x
P/S
1.73x
PEG
0.38x
Revenue
$2.57B
Earnings
$372.40M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$4.14B
Next Earnings
Apr 23, 2024
Next Dividend
Apr 19, 2024

WIRE Overview

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on WIRE's stock page.

Is WIRE stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge WIRE's intrinsic value.

Using relative valuations methods:

  • WIRE could be undervalued based on its P/E ratio of 11.91x, relative to Electrical Equipment & Parts industry P/E ratio of 30.83x
  • WIRE may be undervalued based on its P/B ratio of 2.37x, relative to Electrical Equipment & Parts industry P/B ratio of 4.21x
  • WIRE may be undervalued based on its PEG ratio of 0.38x

You can access more valuation research on WIRE's stock here.

WIRE Financial Overview

Passed Health Checks:

  • WIRE has a low debt to equity ratio of 0.13.
  • WIRE's operating cash flow of $455.21M allows it to safely service it's debt of $0.00.
  • There are more short-term assets than short-term liabilities on the WIRE balance sheet.
  • WIRE earnings of $484.64M is not sufficient to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the WIRE balance sheet.
  • Total WIRE debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • WIRE profit margin has gone down from 23.8% to 14.5% in the past year.

WIRE Technical Indicators

SMA10
242.77
SMA20
234.09
SMA50
229.66
SMA100
215.43
SMA200
194.28
MACD
7.3
MACD Signal
4.03
MACD Histogram
3.27
RSI
72.41
Stochastic %K
94.9
Stochastic %D
92.48
StochRSI %K
98.12
StochRSI %D
93.51

Is WIRE Growing Revenue?

Last year, WIRE earnings were $372.40M. During the last five year, WIRE's earnings have grown by 42.55% per year. This was faster than the Electrical Equipment & Parts industry average of 36.91%.

Last year, WIRE revenue was $2.57B. Over the past 5 year, WIRE's revenue has gone up by 14.78% per year. This was faster than the Electrical Equipment & Parts industry average of 10.68%.

Find out more about WIRE's earnings and revenue performance here.

Latest Insiders Trades at WIRE

Over the past 12 months, executives and large shareholders at WIRE have bought more shares than they have sold.

Daniel L. Jones, Chairman President CEO of WIRE, was the latest WIRE insider to buy. They bought $1,032,600.00 worth of WIRE stock on Feb 22, 2024.

Learn more about who owns WIRE stock here.

Can I rely on WIRE as an income stream?

Encore Wire pays a dividend of 0.03%, compared to the Electrical Equipment & Parts industry's average dividend yield of 0.94%. If you owned $1,000 worth of WIRE stock, you would have received $0.30 last year.

Encore Wire dividend payments have not consistently grown over the past decade but have remained stable.

Get more info about Encore Wire dividend yield and history here.

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Step 5: Execute your WIRE trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular price limit, use a limit order.

Click the Open Trade button and eToro will place the order.

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Step 6: Get the latest news on your WIRE investment

Now that you own some WIRE stock, you'll want to stay up-to-date on your investment.

Start a watchlist to monitor your WIRE stock.

WIRE Feed

How to Buy Stock in Encore Wire

To summarize, here are the 6 steps you need to take to buy Encore Wire stock right now:

  1. Decide where to buy Encore Wire stock
  2. Create your brokerage account
  3. Fund your brokerage account
  4. Evaluate Encore Wire stock
  5. Execute your WIRE trade
  6. Get the latest news on your WIRE investment

If you require a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Encore Wire, get started below.

NASDAQ: WIRE
$262.78+9.59 (+3.79%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: WIRE
$262.78+9.59 (+3.79%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Encore Wire share?

As of Mar 28, 2024, it costs $262.78 to buy one share of Encore Wire stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.381 shares of WIRE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Encore Wire stock?

One way to place an order for Encore Wire stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.