How to Buy Marinemax Stock
Marinemax Inc
Marinemax is a retail company located in Florida, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker HZO on the NYSE exchange.
Marinemax stock last closed at $25.37, down 0.9% from the previous day, and has decreased 4.37% in one year. It has underperformed other stocks in the Specialty Retail industry by 0.15 percentage points. Marinemax stock is currently +12.7% from its 52-week low of $22.51, and -40.83% from its 52-week high of $42.88.
As of Apr 26, 2024, there are 22.3M HZO shares outstanding. The market cap of HZO is $565.79M. In the past 24 hours, 455,195 HZO shares were traded.
How to Buy Marinemax Stock
Wondering how to invest in Marinemax stock? Here's how.
- Figure out where to buy Marinemax stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Marinemax stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your details.
- Analyze Marinemax stock: The Marinemax ticker symbol is HZO. Is Marinemax stock a good investment? Should you buy shares of HZO? How do HZO's underlying business fundamentals look? Do top analysts think Marinemax is a good buy? Why has HZO's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if HZO is a good stock to buy).
- Place your HZO trade: Decide if you will purchase HZO shares at the current market price or use a limit order to buy HZO stock at a particular price.
- Monitor your HZO investment: Create a watchlist to get the latest news on your investment in Marinemax stock.
Step 1: Figure out where to buy Marinemax stock
You need a brokerage account in order to access the NYSE market and buy HZO stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you can buy HZO stock today.
How to Create a New 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.
- Enter your personal details to start a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of depositing money into your investment account.
Step 4: Analyze Marinemax stock
Once you have selected the best place to buy Marinemax stock, it's very important to research their stock prior to buying, so you truly comprehend the risk and upside.
Marinemax quick stats
Marinemax Zen Score
WallStreetZen was designed to help everyday investors do better fundamental analysis.
You can view all of the due diligence checks on HZO's stock page.
Is HZO stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge HZO's intrinsic value.
Using relative valuations metrics:
- HZO could be undervalued based on its P/E ratio of 8.96x, relative to Specialty Retail industry P/E ratio of 29.47x
- HZO could be undervalued based on its P/B ratio of 0.61x, relative to Specialty Retail industry P/B ratio of 10.86x
- HZO may be undervalued based on its PEG ratio of 0.06x
You can do more valuation analysis on HZO's stock here.
HZO Financial Overview
Positive Financial Indicators:
- HZO has $216.68M in cash and short term investments. This is sufficient to cover its annual cash burn of $148.18M.
- There are more short-term assets than short-term liabilities on the HZO balance sheet.
- HZO has cash burn of 148178000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the HZO balance sheet.
Negative Financial Indicators:
- Total HZO debt is higher than 5 years ago, relative to shareholder equity.
- HZO has a relatively high debt to equity ratio of 1.82.
- HZO profit margin has gone down from 6.9% to 2.6% in the past year.
Is it a good time to buy HZO stock, according to analysts?
Out of 3 sell side analysts who give recommendations on HZO, the consensus analyst rating on HZO is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Marinemax stock forecast page.
HZO Momentum
HZO Growth Metrics
Last year, HZO earnings were $62.07M. In the past 5 year, HZO's earnings have gone up by 10.09% per year. This was slower than the Specialty Retail industry average of 19.32%.
Last year, HZO revenue was $2.43B. Over the last 5 year, HZO's revenue has grown by 14.83% per year. This was faster than the Specialty Retail industry average of 11.71%.
Learn more about HZO's earnings and revenue performance here.
What are HZO executives and large shareholders up to?
Over the past year, insiders at HZO have sold more shares than they have bought.
Adam M. Johnson, Director of HZO, was the latest HZO insider to buy. They bought $19,989.26 worth of HZO stock on Mar 31, 2024.
Get more info about who owns HZO shares here.
Does HZO provide a stable income stream?
No, Marinemax doesn't provide an income stream by paying out dividends.
Get analysis from other traders
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 HZO trade
You have two main 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 usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your HZO investment
Now that you own some HZO shares, you'll want to stay up-to-date on your shares.
Put HZO on a watchlist to get the latest updates about your HZO stock.
HZO Feed
How to Buy Stock in Marinemax
To reiterate, here are the 6 steps you need to take to buy Marinemax stock right now:
- Figure out where to buy Marinemax stock
- Create your brokerage account
- Deposit money your investment account
- Analyze Marinemax stock
- Place your HZO trade
- Monitor your HZO investment
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Marinemax, create a watchlist on WallStreetZen today.
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