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How to Buy Nextplat Stock

Nextplat Corp

NextPlat Corp, together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in the United States and internationally.

Nextplat stock last closed at $1.03, down 6.36% from the previous day, and has decreased 60.23% in one year. It has underperformed other stocks in the Software - Application industry by 0.78 percentage points. Nextplat stock is currently +0% from its 52-week low of $1.03, and -66.56% from its 52-week high of $3.08.

There are currently 18.77M NXPL shares outstanding. The market cap of NXPL is $19.34M. In the last 24 hours, 20,681 NXPL shares were traded.

How to Buy Nextplat Stock

Wondering how to invest in Nextplat stock? Here's how.
  1. Decide where to buy Nextplat stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Nextplat stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Pick your method of payment and add your details.
  4. Analyze Nextplat stock: The Nextplat ticker symbol is NXPL. Is Nextplat stock a good investment? Should you buy shares of NXPL? How do NXPL's underlying business fundamentals look? Do top analysts think Nextplat is a good buy? Why has NXPL's stock price moved recently? (Hint: Our stock market research website can help you understand if NXPL is a good stock to buy).
  5. Place your NXPL trade: Decide if you will purchase NXPL shares at the current market price or use a limit order to buy NXPL shares at a specific price.
  6. Keep an eye on your NXPL investment: Create a watchlist to watch your investment in Nextplat stock.

Step 1: Decide where to buy Nextplat stock

You need a brokerage account to access the NASDAQ market and buy NXPL stock.

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

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Step 2: Sign up for a brokerage account

Now that you've picked your brokerage, the next step is to fill out some personal info so you can buy NXPL stock today.

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  2. Enter your personal details to create a new brokerage account.
  1. Submit your data by pressing the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you have opened your account on the best stock trading app, you can securely and quickly fund your account:

Watch this video walkthrough to see the process of transferring money into your new brokerage account.

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Step 4: Analyze Nextplat stock

After you have identified the best place to buy Nextplat stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk and opportunity.

Nextplat quick stats

NXPL Price
$1.03
1w %
-9.65%
1y %
-60.23%
5y %
-82.83%
P/E
-4.29x
P/B
0.62x
P/S
0.37x
PEG
N/A
Revenue
$52.37M
Earnings
-$4.07M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$19.34M
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of NXPL

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

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

Is NXPL stock undervalued?

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

Using relative valuations metrics:

  • NXPL could be undervalued based on its P/B ratio of 0.62x, relative to Software - Application industry P/B ratio of 6.16x

You can access additional valuation research on NXPL's stock here.

NXPL Financial Health Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than long-term liabilities on the NXPL balance sheet.
  • Total NXPL debt is lower than 5 years ago, relative to shareholder equity.
  • NXPL profit margin has gone up from -86.3% to -7.8% in the past year.
  • NXPL has $23.83M in cash and short term investments. This is enough to cover its annual cash burn of $4.86M.
  • There are more short-term assets than short-term liabilities on the NXPL balance sheet.
  • NXPL has cash burn of 4855411. It has sufficient cash and short-term investments to cover this for at least one year.

Failed Financial Due Diligence Checks:

  • NXPL has a relatively high debt to equity ratio of 0.58.

NXPL Momentum

SMA10
1.11
SMA20
1.13
SMA50
1.23
SMA100
1.37
SMA200
1.56
MACD
-0.04
MACD Signal
-0.04
MACD Histogram
0
RSI
32.75
Stochastic %K
13.58
Stochastic %D
16.87
StochRSI %K
14.73
StochRSI %D
15.73

How is NXPL performing as a company?

Last year, NXPL revenue was $52.37M. During the last 5 year, NXPL's revenue has increased by 57.77% per year. This was faster than the Software - Application industry average of 30.49%.

Dive into NXPL's earnings and revenue performance here.

Are NXPL insiders buying or selling the stock?

In the last year, executives and large shareholders at NXPL have not bought or sold any shares.

Get more info about who owns NXPL shares here.

Does NXPL provide a stable income stream?

No, Nextplat doesn't provide an income stream by paying out dividends.

NXPL Social Trading Data

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

Click below to see what other investors have to say.

Step 5: Place your NXPL trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.

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

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Step 6: Keep an eye on your NXPL investment

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

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

NXPL Feed

How to Buy Stock in Nextplat

To reiterate, here are the 6 steps for buying Nextplat stock:

  1. Decide where to buy Nextplat stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Analyze Nextplat stock
  5. Place your NXPL trade
  6. Keep an eye on your NXPL investment

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

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 want to watch your new investment in Nextplat, create a watchlist today.

NASDAQ: NXPL
$1.03-0.07 (-6.36%)
Updated Jun 18, 2024
Open eToro Account
NASDAQ: NXPL
$1.03-0.07 (-6.36%)
Updated Jun 18, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nextplat share?

As of Jun 18, 2024, it costs $1.03 to buy one share of Nextplat stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.52, you can buy 0.5 shares of NXPL.

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 Nextplat stock?

One way to place an order for Nextplat 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.