How to Buy Hongli Group Stock
Hongli Group Inc
Hongli Group Inc. , through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden.
Hongli Group stock last closed at $1.53, down 0.65% from the previous day, and has increased 27.71% in one year. It has overperformed other stocks in the Steel industry by 0.23 percentage points. Hongli Group stock is currently +149.59% from its 52-week low of $0.61, and -15.93% from its 52-week high of $1.82.
There are currently 73.44M shares of HLP outstanding. The market capitalization of HLP is $112.36M. In the last 24 hours, 200,000 HLP shares were traded.
How to Buy Hongli Group Stock
Not sure how to invest in Hongli Group stock? Here's how.
- Decide where to buy Hongli Group stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Hongli Group stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your payment method and add your information.
- Research Hongli Group stock: The Hongli Group ticker symbol is HLP. Is Hongli Group stock a good investment? Should you buy shares of HLP? How do HLP's underlying business fundamentals look? Do top analysts think Hongli Group is a good buy? Why has HLP's stock price moved recently? (Hint: Our stock research website can help you understand if HLP is a good stock to buy).
- Make your HLP purchase: Decide if you will purchase HLP shares at the current market price or use a limit order to buy HLP stock at a given price.
- Get the latest scoop on your investment in HLP: Create a watchlist to track your investment in Hongli Group shares.
Step 1: Decide where to buy Hongli Group stock
You will need an online brokerage account to access the NASDAQ market and buy HLP shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you are able to buy HLP today.
How to Create a New Brokerage 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 details to create a new brokerage account.
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Step 3: Put funds into your investment account
Now that you have finished signing up on the stocks app, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help transferring funds into your new brokerage account.
Step 4: Research Hongli Group stock
Once you have selected the best place to buy Hongli Group stock, it's important to analyze their stock prior to investing, so you truly understand the risk and opportunity.
Hongli Group stock at a glance
HLP Due Diligence Checks
WallStreetZen was created to help average investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on HLP's stock page.
Is HLP stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge HLP's true value.
Using relative valuations ratios:
- HLP may be overvalued based on its P/E ratio of 30.6x, relative to Steel industry P/E ratio of 24.24x
- HLP could be overvalued based on its P/B ratio of 2.02x, relative to Steel industry P/B ratio of 0.97x
You can access additional valuation research on HLP's stock here.
How do HLP Financials look?
Passed Financial Due Diligence Checks:
- HLP profit margin has gone up from -13.1% to 6% in the past year.
- There are more short-term assets than short-term liabilities on the HLP balance sheet.
- There are more short-term assets than long-term liabilities on the HLP balance sheet.
- HLP has a low debt to equity ratio of 0.22.
Failed Financial Due Diligence Checks:
- HLP's operating cash flow of $528.11k allows it to safely service it's debt of $9.88M.
- HLP earnings of $1.63M is not sufficient to cover its interest payments.
HLP Trading Indicators
HLP Growth Metrics
Last year, HLP earnings were $1.01M. During the last four year, HLP's earnings have increased by -38.21% per year. This was slower than the Steel industry average of -6.96%.
Last year, HLP revenue was $16.73M. Over the past 4 year, HLP's revenue has gone up by 0.25% per year. This was slower than the Steel industry average of 6.58%.
Learn more about HLP's earnings and revenue performance here.
What are HLP insiders up to?
Over the last 12 months, insiders at HLP have not bought or sold any shares.
Dig into more about who owns HLP stock here.
Can I rely on HLP as an income stream?
No, Hongli Group doesn't provide an income stream by paying out dividends.
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Step 5: Make your HLP purchase
You have two main types of orders:
- 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 enables you to 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, place a limit order.
Click the Open button and eToro will place your order.
If you require additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in HLP
Now that you own some shares in HLP, you'll want to stay up-to-date on your investment.
Start a watchlist to get alerted to the latest events about your HLP stock.
HLP Feed
How to Buy Stock in Hongli Group
To summarize, here are the 6 steps to buy stock in Hongli Group:
- Decide where to buy Hongli Group stock
- Sign up for your brokerage account
- Put funds into your investment account
- Research Hongli Group stock
- Make your HLP purchase
- Get the latest scoop on your investment in HLP
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Hongli Group, add HLP to your watchlist below.
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