How to Buy Ingles Markets Stock
Ingles Markets Inc
Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.
Ingles Markets stock last closed at $74.28, down 1.41% from the previous day, and has decreased 21.13% in one year. It has underperformed other stocks in the Grocery Stores industry by 0.21 percentage points. Ingles Markets stock is currently +2.14% from its 52-week low of $72.73, and -21.55% from its 52-week high of $94.68.
As of Apr 22, 2024, there are 18.99M shares of IMKTA outstanding. The market capitalization of IMKTA is $1.41B. In the past 24 hours, 124,867 IMKTA shares were traded.
How to Buy Ingles Markets Stock
Not sure how to invest in Ingles Markets stock? Here's how.
- Decide where to buy Ingles Markets stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Ingles Markets 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 brokerage account: Select your method of payment and add your details.
- Analyze Ingles Markets stock: The Ingles Markets ticker symbol is IMKTA. Is Ingles Markets stock a good investment? Should you buy shares of IMKTA? How do IMKTA's underlying business fundamentals look? Do top analysts think Ingles Markets is a good buy? Why has IMKTA's stock price moved recently? (Hint: Our stock research tools can help you understand if IMKTA is a good stock to buy).
- Place your IMKTA trade: Decide if you will purchase IMKTA shares at the current market price or use a limit order to buy IMKTA shares at a given price.
- Get the latest news on your IMKTA position: Create a watchlist to monitor your new investment in Ingles Markets shares.
Step 1: Decide where to buy Ingles Markets stock
You need an online brokerage account to access the NASDAQ market and buy IMKTA stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you can buy IMKTA stock today.
How to Create 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.
- Provide your personal details to open a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring funds into your brokerage account.
Step 4: Analyze Ingles Markets stock
Once you have chosen the best place to buy Ingles Markets stock, it's very important to evaluate their stock before you buy, so you can wrap your head around the risk and upside.
Ingles Markets Numbers
Ingles Markets Overview
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on IMKTA's stock page.
Is IMKTA stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge IMKTA's fair value.
Using relative valuations metrics:
- IMKTA may be undervalued based on its P/E ratio of 7.47x, relative to Grocery Stores industry P/E ratio of 15.9x
- IMKTA may be undervalued based on its P/B ratio of 0.94x, relative to Grocery Stores industry P/B ratio of 3.22x
- IMKTA may be undervalued based on its PEG ratio of 0.48x
You can do additional valuation research on IMKTA's stock here.
IMKTA Financial Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the IMKTA balance sheet.
- IMKTA earnings of $266.61M is not enough to cover its interest payments.
- Total IMKTA debt is lower than 5 years ago, relative to shareholder equity.
- IMKTA's operating cash flow of $224.69M allows it to safely service it's debt of $586.91M.
- There are more short-term assets than long-term liabilities on the IMKTA balance sheet.
Negative Health Checks:
- IMKTA profit margin has gone down from 4.8% to 3.1% in the past year.
- IMKTA has a relatively high debt to equity ratio of 0.64.
IMKTA Trading Indicators
IMKTA Earnings
Last year, IMKTA earnings were $184.83M. In the past five year, IMKTA's earnings have increased by 21.42% per year. This was faster than the Grocery Stores industry average of 9.05%.
Last year, IMKTA revenue was $5.88B. During the past five year, IMKTA's revenue has gone up by 7.27% per year. This was faster than the Grocery Stores industry average of 6.21%.
Find out more about IMKTA's earnings and revenue performance here.
Latest Insiders Trades at IMKTA
In the last 12 months, executives and large shareholders at IMKTA have sold more shares than they have bought.
Sharp Laura Ingle, Director of IMKTA, was the latest IMKTA insider to sell. They sold $305,000.00 worth of IMKTA stock on Mar 28, 2024.
Research more about who owns IMKTA stock here.
Does IMKTA stock generate passive income?
Ingles Markets pays a dividend of 0.89%, compared to the Grocery Stores industry's average dividend yield of 2.69%. If you owned $1,000 worth of IMKTA stock, you would have received $8.89 in the past year.
Ingles Markets dividend payments have not consistently grown over the past decade but have remained stable.
Find more analysis about Ingles Markets dividend yield and history here.
IMKTA Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your IMKTA trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
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 make sure you're buying or selling at a specific price, use a limit order.
Hit the Open button and eToro will execute your order.
If you want more help with investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your IMKTA position
Now that you own some IMKTA stock, you'll want to stay up-to-date on your investment.
Create a watchlist to get alerted to the latest events about your IMKTA stock.
IMKTA Feed
How to Buy Stock in Ingles Markets
To reiterate, here are the 6 steps to buy stock in Ingles Markets:
- Decide where to buy Ingles Markets stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Analyze Ingles Markets stock
- Place your IMKTA trade
- Get the latest news on your IMKTA position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your investment in Ingles Markets, create a watchlist on WallStreetZen today.
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