WallStreetZenWallStreetZen

How to Buy Medallion Financial Stock

Medallion Financial Corp

Medallion Financial Corp. , together with its subsidiaries, operates as a finance company in the United States.

Medallion Financial stock last closed at $9.51, up 0.11% from the previous day, and has increased 39.24% in one year. It has overperformed other stocks in the Credit Services industry by 0.28 percentage points. Medallion Financial stock is currently +68.62% from its 52-week low of $5.64, and -9.34% from its 52-week high of $10.49.

There are currently 23.36M shares of MFIN outstanding. The market capitalization of MFIN is $222.19M. In the last 24 hours, 25,091 MFIN shares were traded.

How to Buy Medallion Financial Stock

Not sure how to invest in Medallion Financial stock? Here's how.
  1. Decide where to buy Medallion Financial stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Medallion Financial stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Choose your method of payment and add your info.
  4. Research Medallion Financial stock: The Medallion Financial ticker symbol is MFIN. Is Medallion Financial stock a good investment? Should you buy shares of MFIN? How do MFIN's underlying business fundamentals look? Do top analysts think Medallion Financial is a good buy? Why has MFIN's stock price moved recently? (Hint: Our stock analysis website can help you understand if MFIN is a good stock to buy).
  5. Make your MFIN trade: Decide if you will purchase MFIN shares at the current market price or use a limit order to purchase MFIN stock at a particular price.
  6. Get notifications regarding your MFIN investment: Create a watchlist to watch your investment in Medallion Financial stock.

Step 1: Decide where to buy Medallion Financial stock

You need a brokerage account in order to access the NASDAQ market and buy MFIN stock.

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

Our preferred brokerage: eToro

Based on our research, eToro is the best brokerage. Here's why:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to world markets: From Tech to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top exchanges.
  • Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of shares by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Create your brokerage account

Now that you've selected your brokerage, you'll need to fill out some personal info so you can buy MFIN today.

How to Set Up a New Brokerage Account on eToro

  1. 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.
  2. Enter your personal data to open a new brokerage account.
  1. Send your information by pressing the "Create Account" button.
  2. 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.

Step 3: Fund your investment account

Now that you have finished signing up on a mobile trading app, you need to deposit funds:

Check out the walkthrough below if you need help depositing money into your new investment account.

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.

Step 4: Research Medallion Financial stock

After you have decided on the best place to buy Medallion Financial stock, it's very important to analyze their stock before you buy, so you can wrap your head around the risk and upside.

Medallion Financial stock at a glance

MFIN Price
$9.51
1w %
-0.94%
1y %
39.24%
5y %
64.82%
P/E
3.96x
P/B
0.68x
P/S
1.38x
PEG
N/A
Revenue
$155.81M
Earnings
$53.82M
Fore. Rev. Growth
18.2%
Fore. Earn. Growth
-38.76%
Market Cap
$222.19M
Next Earnings
Jan 29, 2024
Next Dividend
N/A

MFIN Zen Score

WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.

You can see all of the due diligence checks on MFIN's stock page.

How is MFIN stock valued?

You can use many financial metrics, analyses, models, and charts to gauge MFIN's fair value.

Using relative valuations measures:

  • MFIN could be undervalued based on its P/E ratio of 3.96x, relative to Credit Services industry P/E ratio of 27.63x
  • MFIN could be undervalued based on its P/B ratio of 0.68x, relative to Credit Services industry P/B ratio of 4.21x

You can access more valuation research on MFIN's stock here.

MFIN Financial Summary

Passed Health Checks:

  • MFIN earnings of $77.48M is not enough to cover its interest payments.
  • MFIN profit margin has gone up from 33% to 34.5% in the past year.
  • MFIN's operating cash flow of $123.89M allows it to safely service it's debt of $243.70M.

Failed Health Checks:

  • MFIN has a relatively high debt to equity ratio of 6.58.
  • Total MFIN debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy MFIN stock

Out of 1 Wall Street analysts who monitor MFIN, the consensus analyst rating on MFIN is a Strong Buy

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Medallion Financial stock forecast page.

MFIN Technicals

SMA10
9.51
SMA20
9.26
SMA50
7.91
SMA100
8.15
SMA200
7.71
MACD
0.44
MACD Signal
0.5
MACD Histogram
-0.06
RSI
69.41
Stochastic %K
72.09
Stochastic %D
80.19
StochRSI %K
6.76
StochRSI %D
34.39

MFIN Performance Metrics

Last year, MFIN earnings were $53.82M. Over the last four year, MFIN's earnings have grown by 65.49% per year. This was faster than the Credit Services industry average of 14.76%.

Last year, MFIN revenue was $155.81M. Over the past 5 year, MFIN's revenue has grown by 54.53% per year. This was faster than the Credit Services industry average of 9.93%.

Learn more about MFIN's earnings and revenue performance here.

Who is buying/selling MFIN?

Over the last 12 months, insiders at MFIN have sold more shares than they have bought.

David Justin Haley, Chief Financial Officer of Medallion Bank of MFIN, was the latest MFIN insider to buy. They bought $1,768.50 worth of MFIN shares on Sep 13, 2023.

Get more info about who owns MFIN stock here.

Can I get consistent income from MFIN stock?

Medallion Financial pays a dividend of 3.58%, compared to the Credit Services industry's average dividend yield of 4.13%. If you owned $1,000 of MFIN stock, you would have received $35.75 in the past 12 months.

Medallion Financial dividend payments have not consistently grown over the past decade and have not remained stable.

Dig into more info about Medallion Financial dividend yield and history here.

Get analysis from other traders

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Make your MFIN trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly fine.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.

Press the Open Trade button and your broker will execute the order.

If you require additional info about buying stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Get notifications regarding your MFIN investment

Now that you own some MFIN stock, you'll want to keep up with your company.

Put MFIN on a watchlist to get notified of the latest news about your MFIN stock.

MFIN Feed

How to Buy Stock in Medallion Financial

To summarize, here are the 6 steps you need to take to buy Medallion Financial stock right now:

  1. Decide where to buy Medallion Financial stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Research Medallion Financial stock
  5. Make your MFIN trade
  6. Get notifications regarding your MFIN investment

If you need a brokerage, eToro is our favorite option.

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.

If you would like to keep tabs on your new investment in Medallion Financial, add MFIN to your watchlist below.

NASDAQ: MFIN
$9.51+0.01 (+0.11%)
Updated Dec 8, 2023
Open eToro Account
NASDAQ: MFIN
$9.51+0.01 (+0.11%)
Updated Dec 8, 2023
Open eToro Account

FAQ

How much does it cost to buy one Medallion Financial share?

As of Dec 8, 2023, it costs $9.51 to buy one share of Medallion Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.421 shares of MFIN.

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.

Is now a good time to buy Medallion Financial stock?

According to 1 Wall Street analysts who monitor Medallion Financial, their consensus recommendation is to buy Medallion Financial stock.

What is the best way to buy Medallion Financial stock?

One way to place an order for Medallion Financial 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.