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 $1.69, up 3.05% from the previous day, and has decreased 53.95% in one year. It has underperformed other stocks in the Steel industry by 0.73 percentage points. Hongli Group stock is currently +135.7% from its 52-week low of $0.72, and -80.53% from its 52-week high of $8.68.
There are currently 12.37M HLP shares outstanding. The market capitalization of HLP is $20.91M. In the past 24 hours, 219,373 HLP shares were traded.
How to Buy Hongli Group Stock
Wondering 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 tried dozens of online stock brokerages and apps to help you figure out 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 details.
- 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 market analysis tools can help you evaluate 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 purchase HLP stock at a specific price.
- Get the latest scoop on your investment in HLP: Create a watchlist to watch your investment in Hongli Group shares.
Step 1: Decide where to buy Hongli Group stock
You will need a brokerage account in order 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 picked the right brokerage, the next step is to fill out some personal info so you can buy HLP today.
How to Set Up 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.
- Input your personal info to start your new brokerage account.
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Step 3: Put funds into your investment account
Now that you have filled out your info on mobile trading apps, you can securely and quickly fund your account:
Check out the video below for more details transferring funds into your new brokerage account.
Step 4: Research Hongli Group stock
After you have identified the best place to buy Hongli Group stock, it's crucial to analyze their stock before you buy, so you can understand the risk as well as the opportunity.
Hongli Group Metrics
HLP Fundamentals
WallStreetZen was created to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on HLP's stock page.
Is HLP stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge HLP's intrinsic value.
Using relative valuations methods:
- HLP could be undervalued based on its P/E ratio of 9.94x, relative to Steel industry P/E ratio of 13.25x
- HLP could be overvalued based on its P/B ratio of 1.02x, relative to Steel industry P/B ratio of 0.95x
You can access more valuation research on HLP's stock here.
HLP Financials at a glance
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the HLP balance sheet.
- There are more short-term assets than short-term liabilities on the HLP balance sheet.
Failed Financial Due Diligence Checks:
- HLP has a relatively high debt to equity ratio of 0.51.
- HLP has $1.78M in cash and short term investments. This is not sufficient to cover its annual cash burn of $2.34M.
- HLP profit margin has gone down from 16.5% to 9.9% in the past year.
- HLP has cash burn of 2344506. It does not have sufficient cash and short-term investments to cover this.
HLP Trading Indicators
HLP Performance Metrics
Last year, HLP earnings were $1.86M. Over the last two year, HLP's earnings have gone up by -29.6% per year. This was slower than the Steel industry average of 10.82%.
Last year, HLP revenue was $18.71M. In the past two year, HLP's revenue has grown by 6.28% per year. This was slower than the Steel industry average of 7.51%.
Learn more about HLP's earnings and revenue performance here.
Latest Insiders Trades at HLP
Over the past 12 months, executives and large shareholders at HLP have not bought or sold any shares.
Research more about who owns HLP shares here.
Can I rely on HLP as an income stream?
No, Hongli Group doesn't provide an income stream by paying out dividends.
What others are saying about HLP
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your HLP purchase
You have two primary order types:
- 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 lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Press the Open button and eToro will execute your order.
If you require additional help with buying stocks on eToro, watch the how to 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 keep up with your new investment.
Add HLP to a watchlist to get the latest updates about your HLP stock.
HLP Feed
How to Buy Stock in Hongli Group
To summarize, here are the 6 steps you need to take to buy Hongli Group stock right now:
- 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 are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Hongli Group, create a watchlist today.
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