How to Buy Himalaya Shipping Stock
Himalaya Shipping Ltd
Himalaya Shipping is a shipping company located in Bermuda, which is part of the Industrials sector, and is traded under the ticker HSHP on the NYSE exchange.
Himalaya Shipping stock last closed at $8.54, down 1.61% from the previous day, and has increased 74.29% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.38 percentage points. Himalaya Shipping stock is currently +98.6% from its 52-week low of $4.30, and -12.5% from its 52-week high of $9.76.
As of Oct 3, 2024, there are 43.9M HSHP shares outstanding. The market capitalization of HSHP is $374.91M. In the last 24 hours, 104,093 HSHP shares were traded.
How to Buy Himalaya Shipping Stock
Wondering how to invest in Himalaya Shipping stock? Here's how.
- Decide where to buy Himalaya Shipping stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Himalaya Shipping stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your information.
- Research Himalaya Shipping stock: The Himalaya Shipping ticker symbol is HSHP. Is Himalaya Shipping stock a good investment? Should you buy shares of HSHP? How do HSHP's underlying business fundamentals look? Do top analysts think Himalaya Shipping is a good buy? Why has HSHP's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if HSHP is a good stock to buy).
- Execute your HSHP purchase: Decide if you will purchase HSHP shares at the current market price or use a limit order to purchase HSHP shares at a specific price.
- Get the latest news on your investment in HSHP: Create a watchlist to get live updates on your investment in Himalaya Shipping stock.
Step 1: Decide where to buy Himalaya Shipping stock
You will need a brokerage account in order to access the NYSE market and buy HSHP stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you can buy HSHP stock 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.
- Enter your personal details to start your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on apps for stocks, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Research Himalaya Shipping stock
After you have decided on the best place to buy Himalaya Shipping stock, it's critical to evaluate their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Himalaya Shipping Metrics
HSHP Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on HSHP's stock page.
Is HSHP stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge HSHP's fair value.
Using relative valuations metrics:
- HSHP may be overvalued based on its P/E ratio of 29.45x, relative to Marine Shipping industry P/E ratio of 6.86x
- HSHP may be overvalued based on its P/B ratio of 2.38x, relative to Marine Shipping industry P/B ratio of 1.1x
You can do additional valuation analysis on HSHP's stock here.
A quick look at HSHP Financials
Passed Financial Due Diligence Checks:
- HSHP profit margin has gone up from -25.6% to 14.4% in the past year.
Failed Financial Due Diligence Checks:
- HSHP has $21.95M in cash and short term investments. This is not enough to cover its annual cash burn of $430.89M.
- HSHP has a relatively high debt to equity ratio of 4.71.
- There are more long-term liabilities than short-term assets on the HSHP balance sheet.
- There are more short-term liabilities than short-term assets on the HSHP balance sheet.
- HSHP has cash burn of 430893000. It does not have enough cash and short-term investments to cover this.
HSHP Technical Indicators
How is HSHP performing as a company?
Last year, HSHP revenue was $83.35M. In the past 1 years, HSHP's revenue has increased by 919.64% per year. This was faster than the Marine Shipping industry average of 17.5%.
You can research HSHP's earnings and revenue performance here.
Who is buying/selling HSHP?
Over the last year, executives and large shareholders at HSHP have not bought or sold any shares.
Research more about who owns HSHP stock here.
Can I get consistent income from HSHP stock?
No, Himalaya Shipping doesn't provide an income stream by paying out dividends.
What do other traders have to say about HSHP?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your HSHP purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, use a limit order.
Click the Open Trade button and eToro will execute your order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your investment in HSHP
Now that you own some HSHP stock, you'll want to keep up with your company.
Make a watchlist to get alerted to the latest events about your HSHP stock.
HSHP Feed
How to Buy Stock in Himalaya Shipping
To summarize, here are the 6 steps to buy stock in Himalaya Shipping:
- Decide where to buy Himalaya Shipping stock
- Sign up for your brokerage account
- Fund your brokerage account
- Research Himalaya Shipping stock
- Execute your HSHP purchase
- Get the latest news on your investment in HSHP
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your investment in Himalaya Shipping, get started below.
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