How to Buy Faro Technologies Stock
Faro Technologies Inc
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific.
Faro Technologies stock last closed at $18.16, down 1.04% from the previous day, and has decreased 22.92% in one year. It has underperformed other stocks in the Scientific & Technical Instruments industry by 0.28 percentage points. Faro Technologies stock is currently +76.31% from its 52-week low of $10.30, and -26.77% from its 52-week high of $24.80.
There are currently 19.21M shares of FARO outstanding. The market capitalization of FARO is $348.78M. In the last 24 hours, 164,266 FARO shares were traded.
How to Buy Faro Technologies Stock
Wondering how to invest in Faro Technologies stock? Here's how.
- Decide where to buy Faro Technologies stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Faro Technologies stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your payment method and add your details.
- Research Faro Technologies stock: The Faro Technologies ticker symbol is FARO. Is Faro Technologies stock a good investment? Should you buy shares of FARO? How do FARO's underlying business fundamentals look? Do top analysts think Faro Technologies is a good buy? Why has FARO's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if FARO is a good stock to buy).
- Place your FARO trade: Decide if you will purchase FARO shares at the current market price or use a limit order to purchase FARO stock at a given price.
- Get notifications regarding your investment in FARO: Create a watchlist to track your position in Faro Technologies shares.
Step 1: Decide where to buy Faro Technologies stock
You need a brokerage account to access the NASDAQ market and buy FARO stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you can buy FARO today.
How to Open a New Investment 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 data to create a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on one of the most highly reviewed stock apps, you need to deposit funds:
Watch the tutorial below if you need help depositing money into your investment account.
Step 4: Research Faro Technologies stock
Once you have identified the best place to buy Faro Technologies stock, it's crucial to analyze their stock prior to investing, so you truly understand the risk and upside.
Faro Technologies shares at a glance
Faro Technologies Zen Score
WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on FARO's stock page.
Is FARO stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge FARO's fair value.
Using relative valuations methods:
- FARO could be undervalued based on its P/B ratio of 1.33x, relative to Scientific & Technical Instruments industry P/B ratio of 3.18x
You can access additional valuation research on FARO's stock here.
FARO Financial Health Summary
Positive Health Checks:
- FARO's operating cash flow of $25.99M allows it to safely service it's debt of $87.67M.
- There are more short-term assets than long-term liabilities on the FARO balance sheet.
- There are more short-term assets than short-term liabilities on the FARO balance sheet.
Negative Health Checks:
- FARO earnings of -$37.65M is not sufficient to cover its interest payments.
- FARO has a relatively high debt to equity ratio of 0.88.
- FARO profit margin has gone down from -10.8% to -11.9% in the past year.
- Total FARO debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Faro Technologies stock, according to Wall Street analysts?
Out of 1 Equities analysts who track FARO, the consensus analyst rating on FARO is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Faro Technologies stock forecast page.
FARO Trading Indicators
How are FARO Revenues/Earnings doing?
Last year, FARO revenue was $358.11M. Over the past five year, FARO's revenue has grown by -2.4% per year. This was slower than the Scientific & Technical Instruments industry average of 10.61%.
You can analyze FARO's earnings and revenue performance here.
Are FARO executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at FARO have bought more shares than they have sold.
Matthew Horwath, SVP Chief Financial Officer of FARO, was the latest FARO insider to sell. They sold $1,985.94 worth of FARO stock on Mar 13, 2024.
Dig into more about who owns FARO stock here.
Does FARO stock generate passive income?
No, Faro Technologies doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your FARO trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually 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 make sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and eToro will execute your order.
If you want more info about buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in FARO
Now that you own some FARO shares, you'll want to stay up-to-date on your investment.
Create a watchlist to get notified of the latest news about your FARO stock.
FARO Feed
How to Buy Stock in Faro Technologies
To reiterate, here are the 6 steps to buy stock in Faro Technologies:
- Decide where to buy Faro Technologies stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Faro Technologies stock
- Place your FARO trade
- Get notifications regarding your investment in FARO
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Faro Technologies, create a watchlist on WallStreetZen today.
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