How to Buy Microalgo Stock
Microalgo Inc
MicroAlgo Inc. develops and delivers central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People's Republic of China and internationally.
Microalgo stock last closed at $2.46, down 1.6% from the previous day, and has decreased 87.7% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 1.07 percentage points. Microalgo stock is currently +13.31% from its 52-week low of $2.17, and -98.42% from its 52-week high of $156.00.
There are currently 5.16M MLGO shares outstanding. The market cap of MLGO is $12.70M. In the last 24 hours, 97,986 MLGO shares were traded.
How to Buy Microalgo Stock
Not sure how to invest in Microalgo stock? Here's how.
- Figure out where to buy Microalgo stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Microalgo stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your method of payment and add your info.
- Analyze Microalgo stock: The Microalgo ticker symbol is MLGO. Is Microalgo stock a good investment? Should you buy shares of MLGO? How do MLGO's underlying business fundamentals look? Do top analysts think Microalgo is a good buy? Why has MLGO's stock price moved recently? (Hint: Our stock market research website can help you evaluate if MLGO is a good stock to buy).
- Place your MLGO purchase: Decide if you will purchase MLGO shares at the current market price or use a limit order to purchase MLGO shares at a given price.
- Get key alerts regarding your MLGO investment: Create a watchlist to important notifications about your new investment in Microalgo shares.
Step 1: Figure out where to buy Microalgo stock
You need an online brokerage account to access the NASDAQ market and buy MLGO stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Healthcare, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro has 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 creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you can buy MLGO stock today.
How to Create a New Brokerage 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 data to create your new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your new investment account.
Step 4: Analyze Microalgo stock
Once you have decided on the best place to buy Microalgo stock, it's very important to analyze their stock before you invest, so you actually comprehend the risk as well as the opportunity.
Microalgo Metrics
Fundamentals of MLGO
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on MLGO's stock page.
Is MLGO stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MLGO's true value.
Using relative valuations metrics:
- MLGO may be undervalued based on its P/B ratio of 0.29x, relative to Software - Infrastructure industry P/B ratio of 11.13x
You can access more valuation analysis on MLGO's stock here.
A quick look at MLGO Financials
Positive Health Checks:
- MLGO has a low debt to equity ratio of 0.27.
- MLGO has cash burn of 6220488. It has sufficient cash and short-term investments to cover this for at least one year.
- MLGO has $46.42M in cash and short term investments. This is sufficient to cover its annual cash burn of $6.22M.
- There are more short-term assets than long-term liabilities on the MLGO balance sheet.
- There are more short-term assets than short-term liabilities on the MLGO balance sheet.
- Total MLGO debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- MLGO profit margin has gone down from -8% to -46.2% in the past year.
MLGO Technical Indicators
MLGO Earnings
Last year, MLGO revenue was $80.22M. During the past three year, MLGO's revenue has increased by 215.96% per year. This was faster than the Software - Infrastructure industry average of 17.39%.
You can analyze MLGO's earnings and revenue performance here.
Are MLGO insiders buying or selling the stock?
Over the last year, executives and large shareholders at MLGO have not bought or sold any shares.
Learn more about who owns MLGO stock here.
Can I rely on MLGO as an income stream?
No, Microalgo doesn't provide an income stream by paying out dividends.
What others are saying about MLGO
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your MLGO purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order 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, place a limit order.
Click the Open Trade button and eToro will place the order.
If you want more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your MLGO investment
Now that you own some shares in MLGO, you'll want to stay up-to-date on your company.
Add MLGO to a watchlist to track your MLGO stock.
MLGO Feed
How to Buy Stock in Microalgo
To summarize, here are the 6 steps you need to take to buy Microalgo stock right now:
- Figure out where to buy Microalgo stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze Microalgo stock
- Place your MLGO purchase
- Get key alerts regarding your MLGO investment
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your investment in Microalgo, click below.
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