How to Buy Myt Netherlands Parent Bv Stock
Myt Netherlands Parent Bv
MYT Netherlands Parent B. V. operates as a luxury e-commerce platform for the fashion consumers worldwide.
Myt Netherlands Parent Bv stock last closed at $3.85, down 3.02% from the previous day, and has decreased 67.94% in one year. It has underperformed other stocks in the Luxury Goods industry by 0.58 percentage points. Myt Netherlands Parent Bv stock is currently +2.67% from its 52-week low of $3.75, and -75.79% from its 52-week high of $15.90.
At the moment, there are 86.6M MYTE shares outstanding. The market cap of MYTE is $333.41M. In the last 24 hours, 74,294 MYTE shares were traded.
How to Buy Myt Netherlands Parent Bv Stock
Wondering how to invest in Myt Netherlands Parent Bv stock? Here's how.
- Decide where to buy Myt Netherlands Parent Bv stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Myt Netherlands Parent Bv stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your method of payment and add your details.
- Evaluate Myt Netherlands Parent Bv stock: The Myt Netherlands Parent Bv ticker symbol is MYTE. Is Myt Netherlands Parent Bv stock a good investment? Should you buy shares of MYTE? How do MYTE's underlying business fundamentals look? Do top analysts think Myt Netherlands Parent Bv is a good buy? Why has MYTE's stock price moved recently? (Hint: Our stock research website can help you understand if MYTE is a good stock to buy).
- Execute your MYTE purchase: Decide if you will purchase MYTE shares at the current market price or use a limit order to purchase MYTE stock at a given price.
- Track your MYTE investment: Create a watchlist to important updates regarding your position in Myt Netherlands Parent Bv stock.
Step 1: Decide where to buy Myt Netherlands Parent Bv stock
You need a brokerage account to access the NYSE market and buy MYTE shares.
Our recommended brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Energy, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can buy MYTE stock today.
How to Create a New Account on eToro
- Click here to get started.
- Provide your personal details to create a new brokerage account.
- Send your application by clicking the "Create Account" button.
Step 3: Deposit money your investment account
Now that you've created your account on one of the most highly reviewed stock market apps, you need to deposit funds:
Check out the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Evaluate Myt Netherlands Parent Bv stock
Once you have figured out the best place to buy Myt Netherlands Parent Bv stock, it's crucial to analyze their stock prior to buying, so you actually understand the risk and opportunity.
Overview of key MYTE info
Myt Netherlands Parent Bv Fundamentals
WallStreetZen was built to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on MYTE's stock page.
How is MYTE stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MYTE's fair value.
Using relative valuations measures:
- MYTE may be undervalued based on its P/B ratio of 0.68x, relative to Luxury Goods industry P/B ratio of 2.66x
You can do more valuation research on MYTE's stock here.
MYTE Financial Health
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the MYTE balance sheet.
- There are more short-term assets than long-term liabilities on the MYTE balance sheet.
- MYTE profit margin has gone up from -2.6% to -1% in the past year.
Negative Health Checks:
- MYTE has a relatively high debt to equity ratio of 0.44.
- MYTE has $14.22M in cash and short term investments. This is not enough to cover its annual cash burn of $88.11M.
- MYTE has cash burn of 88113186. It does not have enough cash and short-term investments to cover this.
Do analysts think it's a good time to buy Myt Netherlands Parent Bv stock
Out of 5 Wall Street analysts who track MYTE, the consensus analyst rating on Myt Netherlands Parent Bv is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest MYTE Analyst Upgrades/Downgrades
Abhinav Sinha, a bottom 28% analyst from Societe Generale downgrades MYTE to a hold rating and announces their MYTE price target of $7.00, on Apr 20, 2023.
Kimberly Greenberger, a bottom 2% analyst from Morgan Stanley maintains MYTE with a hold rating and lowers their MYTE price target from $9.00 to $6.00, on Apr 20, 2023.
Matthew Boss, a top 20% analyst from JP Morgan downgrades MYTE to a hold rating and lowers their MYTE price target from $9.00 to $7.00, on Apr 19, 2023.
Kunal Madhukar, a top 18% analyst from UBS maintains MYTE with a strong buy rating and lowers their MYTE price target from $14.00 to $10.00, on Apr 6, 2023.
Oliver Chen, a bottom 6% analyst from TD Cowen downgrades MYTE to a hold rating and lowers their MYTE price target from $13.00 to $7.00, on Mar 16, 2023.
You can dive deeper into what analysts are projecting on the Myt Netherlands Parent Bv stock forecast page.
MYTE Momentum
MYTE Performance Metrics
Last year, MYTE revenue was $812.86M. Over the past two year, MYTE's revenue has grown by 9.59% per year. This was faster than the Luxury Goods industry average of 4.52%.
You can research MYTE's earnings and revenue performance here.
Are MYTE insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at MYTE have not bought or sold any shares.
Learn more about who owns MYTE shares here.
Does MYTE stock generate passive income?
No, Myt Netherlands Parent Bv doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your MYTE purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Click the Open Trade button and eToro will place the order.
If you want more assistance buying stocks on eToro, click the how to video below:
Step 6: Track your MYTE investment
Now that you own some shares in MYTE, you'll want to stay up-to-date on your new shares.
Add MYTE to a watchlist to get notified of important updates regarding your MYTE stock.
MYTE Feed
How to Buy Stock in Myt Netherlands Parent Bv
To reiterate, here are the 6 steps to buy stock in Myt Netherlands Parent Bv:
- Decide where to buy Myt Netherlands Parent Bv stock
- Sign up for a brokerage account
- Deposit money your investment account
- Evaluate Myt Netherlands Parent Bv stock
- Execute your MYTE purchase
- Track your MYTE investment
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Myt Netherlands Parent Bv, create a watchlist today.
Trending Stock Buying Guides
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation 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.