How to Buy Flexsteel Industries Stock
Flexsteel Industries Inc
Flexsteel Industries, Inc. , together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States.
Flexsteel Industries stock last closed at $37.61, down 2.64% from the previous day, and has increased 116.15% in one year. It has overperformed other stocks in the Furnishings Fixtures & Appliances industry by 1.14 percentage points. Flexsteel Industries stock is currently +140.01% from its 52-week low of $15.67, and -9.68% from its 52-week high of $41.64.
As of Apr 26, 2024, there are 5.15M shares of FLXS outstanding. The market value of FLXS is $193.70M. In the past 24 hours, 18,120 FLXS shares were traded.
How to Buy Flexsteel Industries Stock
Not sure how to invest in Flexsteel Industries stock? Here's how.
- Choose where to buy Flexsteel Industries stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Flexsteel Industries stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your method of payment and add your info.
- Analyze Flexsteel Industries stock: The Flexsteel Industries ticker symbol is FLXS. Is Flexsteel Industries stock a good investment? Should you buy shares of FLXS? How do FLXS's underlying business fundamentals look? Do top analysts think Flexsteel Industries is a good buy? Why has FLXS's stock price moved recently? (Hint: Our stock research website can help you evaluate if FLXS is a good stock to buy).
- Make your FLXS buy order: Decide if you will purchase FLXS shares at the current market price or use a limit order to buy FLXS shares at a given price.
- Keep an eye on your FLXS position: Create a watchlist to track your position in Flexsteel Industries stock.
Step 1: Choose where to buy Flexsteel Industries stock
You will need an online brokerage account to access the NASDAQ market and buy FLXS stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to invest in FLXS stock today.
How to Open a New 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.
- Input your personal data to open your new brokerage account.
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Step 3: Fund your investment account
Now that you've opened your account on the highest rated app to buy and sell stocks, you can securely and quickly fund your account:
Check out the video below if you need help depositing funds into your investment account.
Step 4: Analyze Flexsteel Industries stock
Once you have selected the best place to buy Flexsteel Industries stock, it's very important to research their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Flexsteel Industries stock quick numbers
Fundamentals of Flexsteel Industries
WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on FLXS's stock page.
Is FLXS stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge FLXS's intrinsic value.
Using relative valuations methods:
- FLXS may be undervalued based on its P/E ratio of 12.66x, relative to Furnishings Fixtures & Appliances industry P/E ratio of 15.86x
- FLXS could be undervalued based on its P/B ratio of 1.35x, relative to Furnishings Fixtures & Appliances industry P/B ratio of 2.16x
You can do additional valuation research on FLXS's stock here.
How do FLXS Financials look?
Signs that FLXS is financially healthy:
- FLXS earnings of $12.87M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the FLXS balance sheet.
- There are more short-term assets than long-term liabilities on the FLXS balance sheet.
- FLXS profit margin has gone up from 1.8% to 3.9% in the past year.
Signs that FLXS is not financially healthy:
- FLXS's operating cash flow of $15.51M allows it to safely service it's debt of $87.28M.
- FLXS has a relatively high debt to equity ratio of 0.9.
- Total FLXS debt is higher than 5 years ago, relative to shareholder equity.
You can dive deeper into what analysts are forecasting on the Flexsteel Industries stock forecast page.
Metrics for Advanced FLXS Traders
How are FLXS Revenues/Earnings doing?
Last year, FLXS earnings were $15.44M. In the last 5 year, FLXS's earnings have gone up by 23.59% per year. This was faster than the Furnishings Fixtures & Appliances industry average of -9.41%.
Last year, FLXS revenue was $399.58M. During the past five year, FLXS's revenue has grown by -3.27% per year. This was slower than the Furnishings Fixtures & Appliances industry average of 20.17%.
You can analyze FLXS's earnings and revenue performance here.
Latest Insiders Trades at FLXS
Over the past year, executives and large shareholders at FLXS have bought more shares than they have sold.
David Edward Crimmins, VP - Sales of FLXS, was the latest FLXS insider to sell. They sold $40,638.00 worth of FLXS shares on Sep 11, 2023.
Research more about who owns FLXS shares here.
Does FLXS stock generate passive income?
Flexsteel Industries pays a dividend of 1.6%, compared to the Furnishings Fixtures & Appliances industry's average dividend yield of 3.9%. If you owned $1,000 worth of FLXS stock, you would have been paid $15.95 in the past 12 months.
Flexsteel Industries dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Flexsteel Industries dividend yield and history here.
What do other traders have to say about FLXS?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your FLXS buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the easiest way to buy. - 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 dollar amount limit, use a limit order.
Click the Open Trade button and your broker will place the order.
If you require more assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your FLXS position
Now that you own some shares in FLXS, you'll want to stay up-to-date on your stock purchase.
Put FLXS on a watchlist to see the latest developments about your FLXS stock.
FLXS Feed
How to Buy Stock in Flexsteel Industries
To summarize, here are the 6 steps for buying Flexsteel Industries stock:
- Choose where to buy Flexsteel Industries stock
- Sign up for a brokerage account
- Fund your investment account
- Analyze Flexsteel Industries stock
- Make your FLXS buy order
- Keep an eye on your FLXS position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Flexsteel Industries, click below.
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