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How to Buy Mingzhu Logistics Holdings Stock

Mingzhu Logistics Holdings Ltd

MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China.

Mingzhu Logistics Holdings stock last closed at $1.26, down 5.26% from the previous day, and has decreased 77.17% in one year. It has underperformed other stocks in the Trucking industry by 1.13 percentage points. Mingzhu Logistics Holdings stock is currently +38.77% from its 52-week low of $0.91, and -79.81% from its 52-week high of $6.24.

As of Nov 6, 2024, there are 4.64M shares of YGMZ outstanding. The market capitalization of YGMZ is $5.84M. In the past 24 hours, 14,240 YGMZ shares were traded.

How to Buy Mingzhu Logistics Holdings Stock

Wondering how to invest in Mingzhu Logistics Holdings stock? Here's how.
  1. Figure out where to buy Mingzhu Logistics Holdings stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Mingzhu Logistics Holdings stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your details.
  4. Analyze Mingzhu Logistics Holdings stock: The Mingzhu Logistics Holdings ticker symbol is YGMZ. Is Mingzhu Logistics Holdings stock a good investment? Should you buy shares of YGMZ? How do YGMZ's underlying business fundamentals look? Do top analysts think Mingzhu Logistics Holdings is a good buy? Why has YGMZ's stock price moved recently? (Hint: Our stock research website can help you decide if YGMZ is a good stock to buy).
  5. Execute your YGMZ trade: Decide if you will purchase YGMZ shares at the current market price or use a limit order to buy YGMZ shares at a particular price.
  6. Track your YGMZ investment: Create a watchlist to key updates about your position in Mingzhu Logistics Holdings shares.

Step 1: Figure out where to buy Mingzhu Logistics Holdings stock

You will need an online brokerage account in order to access the NASDAQ market and buy YGMZ stock.

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

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Step 2: Open a brokerage account

Now that you've picked your brokerage, you need to fill out some personal details so you can buy YGMZ stock today.

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Step 3: Deposit money your investment account

Now that you've filled out your info on the best stock buying app, your next step is to transfer the money for your investment:

Watch the video below if you need help depositing funds into your new investment account.

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Step 4: Analyze Mingzhu Logistics Holdings stock

After you have decided on the best place to buy Mingzhu Logistics Holdings stock, it's very important to analyze their stock prior to buying, so you can wrap your head around the risk and upside.

Mingzhu Logistics Holdings Numbers

YGMZ Price
$1.26
1w %
-9.35%
1y %
-77.17%
5y %
N/A
P/E
-0.43x
P/B
0.13x
P/S
0.05x
PEG
N/A
Revenue
$89.00M
Earnings
-$9.58M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$5.84M
Next Earnings
N/A
Next Dividend
N/A

Mingzhu Logistics Holdings Fundamentals

WallStreetZen was created to help average investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on YGMZ's stock page.

Is YGMZ stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge YGMZ's intrinsic value.

Using relative valuations metrics:

  • YGMZ could be undervalued based on its P/B ratio of 0.13x, relative to Trucking industry P/B ratio of 4.55x

You can do more valuation analysis on YGMZ's stock here.

YGMZ Financial Health

Pros:

  • There are more short-term assets than long-term liabilities on the YGMZ balance sheet.
  • There are more short-term assets than short-term liabilities on the YGMZ balance sheet.
  • YGMZ has cash burn of 9989515. It has sufficient cash and short-term investments to cover this for at least one year.
  • YGMZ has $32.83M in cash and short term investments. This is sufficient to cover its annual cash burn of $9.99M.

Cons:

  • YGMZ profit margin has gone down from 3% to -10.8% in the past year.
  • Total YGMZ debt is higher than 5 years ago, relative to shareholder equity.
  • YGMZ has a relatively high debt to equity ratio of 1.86.

YGMZ Technicals

SMA10
1.36
SMA20
1.33
SMA50
1.25
SMA100
1.4
SMA200
2.42
MACD
0.01
MACD Signal
0.03
MACD Histogram
-0.02
RSI
46.52
Stochastic %K
14.36
Stochastic %D
17.38
StochRSI %K
9.1
StochRSI %D
7.25

YGMZ Revenue

Last year, YGMZ revenue was $89.00M. Over the past five year, YGMZ's revenue has increased by 26.34% per year. This was faster than the Trucking industry average of 6.69%.

You can research YGMZ's earnings and revenue performance here.

Who is buying/selling YGMZ?

In the last year, insiders at YGMZ have not bought or sold any shares.

Learn more about who owns YGMZ stock here.

Does YGMZ provide a stable income stream?

No, Mingzhu Logistics Holdings doesn't provide an income stream by paying out dividends.

YGMZ Social Trading Data

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

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Step 5: Execute your YGMZ 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 the easiest way to buy.
  • Limit order: A limit order enables 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 specific dollar amount, place a limit order.

Press the Open button and eToro will place the order.

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Step 6: Track your YGMZ investment

Now that you own some YGMZ shares, you'll want to stay up-to-date on your new shares.

Create a watchlist to get alerted to the latest events about your YGMZ stock.

YGMZ Feed

How to Buy Stock in Mingzhu Logistics Holdings

To summarize, here are the 6 steps for buying Mingzhu Logistics Holdings stock:

  1. Figure out where to buy Mingzhu Logistics Holdings stock
  2. Open a brokerage account
  3. Deposit money your investment account
  4. Analyze Mingzhu Logistics Holdings stock
  5. Execute your YGMZ trade
  6. Track your YGMZ investment

If you need a brokerage account, eToro is our favorite venue.

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If you would like to keep tabs on your new investment in Mingzhu Logistics Holdings, create a watchlist on WallStreetZen today.

NASDAQ: YGMZ
$1.26-0.07 (-5.26%)
Updated Nov 6, 2024
Open eToro Account
NASDAQ: YGMZ
$1.26-0.07 (-5.26%)
Updated Nov 6, 2024
Open eToro Account

FAQ

How much does it cost to buy one Mingzhu Logistics Holdings share?

As of Nov 6, 2024, it costs $1.26 to buy one share of Mingzhu Logistics Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.63, you can buy 0.5 shares of YGMZ.

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 Mingzhu Logistics Holdings stock?

One way to place an order for Mingzhu Logistics Holdings 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.