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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 $2.60, down 11.86% from the previous day, and has decreased 63.12% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.82 percentage points. Locafy stock is currently +4% from its 52-week low of $2.50, and -84.51% from its 52-week high of $16.79.

At the moment, there are 1.28M shares of LCFY outstanding. The market capitalization of LCFY is $3.32M. In the last 24 hours, 11,407 LCFY shares were traded.

How to Buy Locafy Stock

Not sure how to invest in Locafy stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

LCFY Price
$2.60
1w %
-14.08%
1y %
-63.12%
5y %
N/A
P/E
-6.58x
P/B
1.3x
P/S
1.2x
PEG
N/A
Revenue
$2.77M
Earnings
-$602.12k
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$3.32M
Next Earnings
N/A
Next Dividend
N/A

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 1.3x, relative to Internet Content & Information industry P/B ratio of 6.84x

You can do additional valuation research on LCFY's stock here.

LCFY Financials at a glance

Signs that LCFY is financially healthy:

  • There are more short-term assets than long-term liabilities on the LCFY balance sheet.

Signs that LCFY is not financially healthy:

  • LCFY has a relatively high debt to equity ratio of 0.86.
  • LCFY has cash burn of 1139148. It does not have sufficient cash and short-term investments to cover this.
  • LCFY has $318.81k in cash and short term investments. This is not enough to cover its annual cash burn of $1.14M.
  • There are more short-term liabilities than short-term assets on the LCFY balance sheet.

LCFY Trading Indicators

SMA10
2.89
SMA20
2.92
SMA50
3.24
SMA100
4.58
SMA200
5.94
MACD
-0.13
MACD Signal
-0.14
MACD Histogram
0.02
RSI
36.62
Stochastic %K
34.6
Stochastic %D
47.37
StochRSI %K
49.99
StochRSI %D
74.65

What are LCFY insiders up to?

Over the past 12 months, executives and large shareholders at LCFY have not bought or sold any shares.

Get more info about who owns LCFY stock here.

Does LCFY stock generate passive income?

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

What others are saying about LCFY

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Step 5: Place your LCFY purchase

You have 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 mostly the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a particular dollar amount, place a limit order.

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Step 6: Watch your investment in LCFY

Now that you own some shares in LCFY, you'll want to stay up-to-date on your stock purchase.

Create a watchlist to get notified of the latest news about your LCFY stock.

LCFY Feed

How to Buy Stock in Locafy

To summarize, here are the 6 steps to buy stock in Locafy:

  1. Decide where to buy Locafy stock
  2. Create a brokerage account
  3. Fund your investment account
  4. Research Locafy stock
  5. Place your LCFY purchase
  6. Watch your investment in LCFY

If you are looking for a brokerage account, eToro is our favorite option.

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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.

If you would like to get the latest news on your new investment in Locafy, click below.

NASDAQ: LCFY
$2.60-0.35 (-11.86%)
Updated Jun 18, 2024
Open eToro Account
NASDAQ: LCFY
$2.60-0.35 (-11.86%)
Updated Jun 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Locafy share?

As of Jun 18, 2024, it costs $2.60 to buy one share of Locafy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.385 shares of LCFY.

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

What is the best way to buy Locafy stock?

One way to place an order for Locafy 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.