How to Buy Idacorp Stock
Idacorp Inc
Idacorp is a regulated electric utility company located in Idaho, United States, which is part of the Utilities sector, and is traded under the ticker IDA on the NYSE exchange.
Idacorp stock last closed at $94.60, down 0.07% from the previous day, and has decreased 14.74% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.05 percentage points. Idacorp stock is currently +9.45% from its 52-week low of $86.43, and -16.22% from its 52-week high of $112.91.
There are currently 50.63M IDA shares outstanding. The market cap of IDA is $4.79B. In the past 24 hours, 434,452 IDA shares were traded.
How to Buy Idacorp Stock
Not sure how to invest in Idacorp stock? Here's how.
- Decide where to buy Idacorp stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Idacorp stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Research Idacorp stock: The Idacorp ticker symbol is IDA. Is Idacorp stock a good investment? Should you buy shares of IDA? How do IDA's underlying business fundamentals look? Do top analysts think Idacorp is a good buy? Why has IDA's stock price moved recently? (Hint: Our stock research website can help you decide if IDA is a good stock to buy).
- Place your IDA buy order: Decide if you will purchase IDA shares at the current market price or use a limit order to buy IDA stock at a particular price.
- Watch your investment in IDA: Create a watchlist to key updates about your investment in Idacorp stock.
Step 1: Decide where to buy Idacorp stock
You need an online brokerage account to access the NYSE market and buy IDA stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you are able to buy IDA 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 create your new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best beginner stock app, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring funds into your brokerage account.
Step 4: Research Idacorp stock
Once you have decided on the best place to buy Idacorp stock, it's important to analyze their stock before you invest, so you actually understand the risk and opportunity.
Idacorp Numbers
IDA Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on IDA's stock page.
Is IDA stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge IDA's intrinsic value.
Using relative valuations measures:
- IDA may be overvalued based on its P/E ratio of 18.37x, relative to Utilities - Regulated Electric industry P/E ratio of 16.38x
- IDA could be overvalued based on its P/B ratio of 1.65x, relative to Utilities - Regulated Electric industry P/B ratio of 1.62x
- IDA may be overvalued based on its PEG ratio of 9.21x
You can access more valuation research on IDA's stock here.
IDA Financial Health Overview
Pros:
- IDA has $327.43M in cash and short term investments. This is sufficient to cover its annual cash burn of $344.11M.
- There are more short-term assets than short-term liabilities on the IDA balance sheet.
Cons:
- IDA has cash burn of 344110000. It does not have sufficient cash and short-term investments to cover this.
- IDA profit margin has gone down from 15.8% to 14.8% in the past year.
- Total IDA debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the IDA balance sheet.
- IDA has a relatively high debt to equity ratio of 1.91.
Is it a good time to buy Idacorp stock, according to Wall Street analysts?
Out of 4 Equities analysts who give ratings on IDA, the consensus analyst rating on Idacorp is a Hold
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Idacorp stock forecast page.
IDA Trading Indicators
IDA Earnings
Last year, IDA earnings were $261.20M. During the past 5 year, IDA's earnings have increased by 2.74% per year. This was slower than the Utilities - Regulated Electric industry average of 15.9%.
Last year, IDA revenue was $1.77B. In the last 5 year, IDA's revenue has increased by 5.2% per year. This was faster than the Utilities - Regulated Electric industry average of 3.97%.
Learn more about IDA's earnings and revenue performance here.
Are IDA executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at IDA have sold more shares than they have bought.
Ryan Adelman, VP of Power Supply IPC of IDA, was the latest IDA insider to sell. They sold $47,438.45 worth of IDA shares on Feb 16, 2024.
Research more about who owns IDA stock here.
Does IDA stock generate passive income?
Idacorp pays a dividend of 3.42%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.93%. If you owned $1,000 of IDA stock, you would have been paid $34.25 last year.
Idacorp dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Idacorp dividend yield and history here.
What do other traders have to say about IDA?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your IDA buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and eToro will execute the order.
If you require additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in IDA
Now that you own some IDA shares, you'll want to stay up-to-date on your new company.
Put IDA on a watchlist to keep tabs on your IDA stock.
IDA Feed
How to Buy Stock in Idacorp
To reiterate, here are the 6 steps to buy stock in Idacorp:
- Decide where to buy Idacorp stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Idacorp stock
- Place your IDA buy order
- Watch your investment in IDA
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Idacorp, hit the button below to create your watchlist.
More Stock Buying Guides You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.