How to Buy Locafy Stock
Locafy Ltd
Locafy Limited operates as a software-as-a-service company (SaaS) that specializes in local search engine marketing in Australia, Europe, the United States, and internationally.
Locafy stock last closed at $3.20, up 0.95% from the previous day, and has decreased 66.29% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.07 percentage points. Locafy stock is currently +27.49% from its 52-week low of $2.51, and -77.11% from its 52-week high of $13.98.
At the moment, there are 1.8M shares of LCFY outstanding. The market capitalization of LCFY is $5.76M. In the last 24 hours, 2000 LCFY shares were traded.
How to Buy Locafy Stock
Not sure how to invest in Locafy stock? Here's how.
- Decide where to buy Locafy stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Locafy stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your information.
- Research Locafy stock: The Locafy ticker symbol is LCFY. Is Locafy stock a good investment? Should you buy shares of LCFY? How do LCFY's underlying business fundamentals look? Do top analysts think Locafy is a good buy? Why has LCFY's stock price moved recently? (Hint: Our stock research tools can help you figure out if LCFY is a good stock to buy).
- Place your LCFY purchase: Decide if you will purchase LCFY shares at the current market price or use a limit order to purchase LCFY stock at a given price.
- Watch your investment in LCFY: Create a watchlist to important notifications about your new investment in Locafy shares.
Step 1: Decide where to buy Locafy stock
You need a brokerage account in order to access the NASDAQ market and buy LCFY shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to buy LCFY today.
How to Open 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 your new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on our top ranked stock app, you need to deposit funds:
Watch the video below to see the process of depositing funds into your new investment account.
Step 4: Research Locafy stock
Once you have decided on the best place to buy Locafy stock, it's crucial to evaluate their stock prior to buying, so you can wrap your head around the risk and opportunity.
Locafy Metrics
Locafy Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on LCFY's stock page.
How is LCFY stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LCFY's fair value.
Using relative valuations ratios:
- LCFY may be undervalued based on its P/B ratio of 2.3x, relative to Internet Content & Information industry P/B ratio of 8.6x
You can do additional valuation research on LCFY's stock here.
LCFY Financials at a glance
Signs that LCFY is financially healthy:
- LCFY has $388.67k in cash and short term investments. This is sufficient to cover its annual cash burn of $614.53k.
- There are more short-term assets than long-term liabilities on the LCFY balance sheet.
- Total LCFY debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the LCFY balance sheet.
Signs that LCFY is not financially healthy:
- LCFY profit margin has gone down from -46.8% to -134.7% in the past year.
- LCFY has a relatively high debt to equity ratio of 0.52.
- LCFY has cash burn of 614529. It does not have enough cash and short-term investments to cover this.
LCFY Technicals
Is LCFY Growing Revenue?
Last year, LCFY revenue was $2.09M. Over the past 5 year, LCFY's revenue has gone up by 9% per year. This was slower than the Internet Content & Information industry average of 18.39%.
Dig into LCFY's earnings and revenue performance here.
Who is buying/selling LCFY?
In the past 12 months, insiders at LCFY have not bought or sold any shares.
Get more info about who owns LCFY stock here.
Can I rely on LCFY as an income stream?
No, Locafy doesn't provide an income stream by paying out dividends.
What others are saying about LCFY
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your LCFY purchase
You have two main 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 usually 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 particular dollar amount limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in LCFY
Now that you own some LCFY shares, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to get the latest updates about your LCFY stock.
LCFY Feed
How to Buy Stock in Locafy
To reiterate, here are the 6 steps you need to take to buy Locafy stock right now:
- Decide where to buy Locafy stock
- Create a brokerage account
- Fund your investment account
- Research Locafy stock
- Place your LCFY purchase
- Watch your investment in LCFY
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your investment in Locafy, create a watchlist today.
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