How to Buy Insteel Industries Stock
Insteel Industries Inc
Insteel Industries, Inc. , together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications.
Insteel Industries stock last closed at $32.97, up 0.67% from the previous day, and has increased 18.77% in one year. It has underperformed other stocks in the Metal Fabrication industry by 0.06 percentage points. Insteel Industries stock is currently +29.6% from its 52-week low of $25.44, and -16.28% from its 52-week high of $39.38.
As of Apr 18, 2024, there are 19.45M IIIN shares outstanding. The market value of IIIN is $641.21M. In the last 24 hours, 82,936 IIIN shares were traded.
How to Buy Insteel Industries Stock
Not sure how to invest in Insteel Industries stock? Here's how.
- Decide where to buy Insteel Industries stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Insteel Industries stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your information.
- Evaluate Insteel Industries stock: The Insteel Industries ticker symbol is IIIN. Is Insteel Industries stock a good investment? Should you buy shares of IIIN? How do IIIN's underlying business fundamentals look? Do top analysts think Insteel Industries is a good buy? Why has IIIN's stock price moved recently? (Hint: Our stock analysis website can help you figure out if IIIN is a good stock to buy).
- Execute your IIIN buy order: Decide if you will purchase IIIN shares at the current market price or use a limit order to purchase IIIN shares at a specific price.
- Get notifications regarding your IIIN investment: Create a watchlist to monitor your position in Insteel Industries stock.
Step 1: Decide where to buy Insteel Industries stock
You need an online brokerage account to access the NYSE market and buy IIIN stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal information so you can invest in IIIN stock today.
How to Start 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 create a new trading account.
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Step 3: Fund your investment account
Now that you have filled out your info on investing apps, you can securely and quickly fund your account:
Check out the video below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Insteel Industries stock
Once you have identified the best place to buy Insteel Industries stock, it's critical to evaluate their stock prior to buying, so you actually understand the risk as well as the upside.
Insteel Industries stock quick numbers
IIIN Due Diligence Checks
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on IIIN's stock page.
Is IIIN stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge IIIN's true value.
Using relative valuations metrics:
- IIIN may be overvalued based on its P/E ratio of 28.67x, relative to Metal Fabrication industry P/E ratio of 18.4x
- IIIN may be undervalued based on its P/B ratio of 1.92x, relative to Metal Fabrication industry P/B ratio of 2.89x
You can do additional valuation research on IIIN's stock here.
IIIN Financial Health Overview
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the IIIN balance sheet.
- Total IIIN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the IIIN balance sheet.
- IIIN's operating cash flow of $131.03M allows it to safely service it's debt of $0.00.
- IIIN has a low debt to equity ratio of 0.17.
- IIIN earnings of $28.98M is not sufficient to cover its interest payments.
Negative Health Checks:
- IIIN profit margin has gone down from 13.9% to 3.7% in the past year.
You can dig deeper into what analysts are projecting on the Insteel Industries stock forecast page.
Metrics for Advanced IIIN Traders
How is IIIN performing as a company?
Last year, IIIN earnings were $22.42M. Over the last five year, IIIN's earnings have increased by -7.3% per year. This was slower than the Metal Fabrication industry average of 27.18%.
Last year, IIIN revenue was $604.01M. Over the last 5 year, IIIN's revenue has gone up by 5.62% per year. This was faster than the Metal Fabrication industry average of 3.79%.
Learn more about IIIN's earnings and revenue performance here.
Latest Insiders Trades at IIIN
In the past year, insiders at IIIN have sold more shares than they have bought.
Richard Wagner, Senior Vice President and COO of IIIN, was the latest IIIN insider to sell. They sold $61,983.53 worth of IIIN shares on Mar 1, 2024.
Dig into more about who owns IIIN stock here.
Can I rely on IIIN as an income stream?
Insteel Industries pays a dividend of 7.95%, compared to the Metal Fabrication industry's average dividend yield of 3.07%. If you owned $1,000 worth of IIIN stock, you would have received $79.47 last year.
Insteel Industries dividend payments have not consistently grown over the past decade and have not remained stable.
Find more data about Insteel Industries dividend yield and history here.
What others are saying about IIIN
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your IIIN buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your IIIN investment
Now that you own some shares in IIIN, you'll want to stay up-to-date on your company.
Make a watchlist to track the latest developments regarding your IIIN stock.
IIIN Feed
How to Buy Stock in Insteel Industries
To summarize, here are the 6 steps to buy stock in Insteel Industries:
- Decide where to buy Insteel Industries stock
- Create your brokerage account
- Fund your investment account
- Evaluate Insteel Industries stock
- Execute your IIIN buy order
- Get notifications regarding your IIIN investment
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Insteel Industries, create your watchlist below.
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