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How to Buy Karat Packaging Stock

Karat Packaging Inc

Karat Packaging Inc. manufactures and distributes single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings.

Karat Packaging stock last closed at $28.61, up 1.27% from the previous day, and has increased 121.78% in one year. It has overperformed other stocks in the Packaging & Containers industry by 1.05 percentage points. Karat Packaging stock is currently +124.39% from its 52-week low of $12.75, and -7.53% from its 52-week high of $30.94.

As of Mar 28, 2024, there are 19.97M shares of KRT outstanding. The market cap of KRT is $571.40M. In the last 24 hours, 45,710 KRT shares were traded.

How to Buy Karat Packaging Stock

Wondering how to invest in Karat Packaging stock? Here's how.
  1. Decide where to buy Karat Packaging stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Karat Packaging stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your details.
  4. Evaluate Karat Packaging stock: The Karat Packaging ticker symbol is KRT. Is Karat Packaging stock a good investment? Should you buy shares of KRT? How do KRT's underlying business fundamentals look? Do top analysts think Karat Packaging is a good buy? Why has KRT's stock price moved recently? (Hint: Our stock research tools can help you decide if KRT is a good stock to buy).
  5. Make your KRT buy order: Decide if you will purchase KRT shares at the current market price or use a limit order to buy KRT stock at a specific price.
  6. Keep an eye on your KRT position: Create a watchlist to the latest updates on your position in Karat Packaging shares.

Step 1: Decide where to buy Karat Packaging stock

You will need an online brokerage account in order to access the NASDAQ market and buy KRT stock.

A brokerage account enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected the right brokerage, the next step is to fill out some personal information so you can buy KRT stock today.

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Step 3: Deposit funds into your brokerage account

Now that you've finished signing up on the best investment app, your next step is to transfer the money for your investment:

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Step 4: Evaluate Karat Packaging stock

Once you have selected the best place to buy Karat Packaging stock, it's crucial to analyze their stock prior to buying, so you truly wrap your head around the risk and opportunity.

Karat Packaging shares quick numbers

KRT Price
$28.61
1w %
-1.58%
1y %
121.78%
5y %
N/A
P/E
17.55x
P/B
3.71x
P/S
1.4x
PEG
0.57x
Revenue
$405.65M
Earnings
$32.47M
Fore. Rev. Growth
6.78%
Fore. Earn. Growth
30.71%
Market Cap
$571.40M
Next Earnings
May 8, 2024
Next Dividend
N/A

KRT Zen Score

WallStreetZen was created to help average investors do more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on KRT's stock page.

Is KRT stock undervalued or overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge KRT's intrinsic value.

Using relative valuations measures:

  • KRT could be undervalued based on its P/E ratio of 17.55x, relative to Packaging & Containers industry P/E ratio of 20.19x
  • KRT could be overvalued based on its P/B ratio of 3.71x, relative to Packaging & Containers industry P/B ratio of 2.91x
  • KRT may be undervalued based on its PEG ratio of 0.57x

You can do more valuation analysis on KRT's stock here.

KRT Financial Health Summary

Positive Health Checks:

  • There are more short-term assets than long-term liabilities on the KRT balance sheet.
  • KRT profit margin has gone up from 5.6% to 8% in the past year.
  • KRT's operating cash flow of $53.38M allows it to safely service it's debt of $71.01M.
  • KRT earnings of $44.32M is not sufficient to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the KRT balance sheet.

Negative Health Checks:

  • KRT has a relatively high debt to equity ratio of 0.74.

Is Karat Packaging stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 2 sell side analysts who give recommendations on KRT, the consensus analyst rating on Karat Packaging is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Karat Packaging stock forecast page.

Metrics for Advanced KRT Traders

SMA10
27.84
SMA20
28.59
SMA50
27
SMA100
24.8
SMA200
22.9
MACD
0.26
MACD Signal
0.38
MACD Histogram
-0.12
RSI
54.34
Stochastic %K
68.91
Stochastic %D
66.84
StochRSI %K
56.24
StochRSI %D
53.65

How are KRT Revenues/Earnings doing?

Last year, KRT earnings were $32.47M. In the last 4 year, KRT's earnings have grown by 96.2% per year. This was faster than the Packaging & Containers industry average of 4.23%.

Last year, KRT revenue was $405.65M. In the past four year, KRT's revenue has gone up by 15.89% per year. This was faster than the Packaging & Containers industry average of 3.8%.

Find out more about KRT's earnings and revenue performance here.

Latest Insiders Trades at KRT

Over the past 12 months, insiders at KRT have sold more shares than they have bought.

Jian Guo, Chief Financial Officer of KRT, was the latest KRT insider to sell. They sold $27,160.73 worth of KRT stock on Feb 8, 2024.

Dig into more about who owns KRT shares here.

Can I get consistent income from KRT stock?

No, Karat Packaging doesn't provide an income stream by paying out dividends.

KRT Social Trading Data

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Step 5: Make your KRT buy order

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.

Click the Open button and your broker will execute your order.

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Step 6: Keep an eye on your KRT position

Now that you own some shares in KRT, you'll want to stay up-to-date on your new shares.

Put KRT on a watchlist to keep tabs on your KRT stock.

KRT Feed

How to Buy Stock in Karat Packaging

To summarize, here are the 6 steps for buying Karat Packaging stock:

  1. Decide where to buy Karat Packaging stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Karat Packaging stock
  5. Make your KRT buy order
  6. Keep an eye on your KRT position

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If you would like to get the latest news on your new investment in Karat Packaging, add KRT to your watchlist below.

NASDAQ: KRT
$28.61+0.36 (+1.27%)
Updated Mar 28, 2024
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NASDAQ: KRT
$28.61+0.36 (+1.27%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Karat Packaging share?

As of Mar 28, 2024, it costs $28.61 to buy one share of Karat Packaging stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.35 shares of KRT.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Karat Packaging stock?

According to 2 Wall Street analysts who monitor Karat Packaging, their consensus recommendation is to buy Karat Packaging stock.

What is the best way to buy Karat Packaging stock?

One way to place an order for Karat Packaging stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.