How to Buy Ocwen Financial Stock
Ocwen Financial Corp
Ocwen Financial is a mortgage company located in Florida, United States, which is part of the Financial Services sector, and is traded under the ticker OCN on the NYSE exchange.
Ocwen Financial stock last closed at $24.63, up 1.23% from the previous day, and has decreased 13.55% in one year. It has underperformed other stocks in the Mortgage Finance industry by 0.26 percentage points. Ocwen Financial stock is currently +16.45% from its 52-week low of $21.15, and -31.18% from its 52-week high of $35.79.
As of Apr 29, 2024, there are 7.68M OCN shares outstanding. The market capitalization of OCN is $189.27M. In the last 24 hours, 9615 OCN shares were traded.
How to Buy Ocwen Financial Stock
Wondering how to invest in Ocwen Financial stock? Here's how.
- Decide where to buy Ocwen Financial stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Ocwen Financial stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your method of payment and add your information.
- Evaluate Ocwen Financial stock: The Ocwen Financial ticker symbol is OCN. Is Ocwen Financial stock a good investment? Should you buy shares of OCN? How do OCN's underlying business fundamentals look? Do top analysts think Ocwen Financial is a good buy? Why has OCN's stock price moved recently? (Hint: Our stock research tools can help you decide if OCN is a good stock to buy).
- Place your OCN buy order: Decide if you will purchase OCN shares at the current market price or use a limit order to buy OCN stock at a particular price.
- Keep an eye on your OCN investment: Create a watchlist to watch your investment in Ocwen Financial shares.
Step 1: Decide where to buy Ocwen Financial stock
You will need an online brokerage account to access the NYSE market and buy OCN stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to buy OCN stock today.
How to Set Up a New Investment 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.
- Provide your personal info to create a new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the highest rated stock app, you need to deposit funds:
Check out the walkthrough below for more details depositing funds into your brokerage account.
Step 4: Evaluate Ocwen Financial stock
After you have decided on the best place to buy Ocwen Financial stock, it's very important to research their stock prior to buying, so you truly comprehend the risk as well as the upside.
Ocwen Financial stock data
OCN Overview
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on OCN's stock page.
Is OCN stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OCN's intrinsic value.
Using relative valuations measures:
- OCN could be overvalued based on its P/B ratio of 0.47x, relative to Mortgage Finance industry P/B ratio of 0.39x
You can access more valuation research on OCN's stock here.
OCN Financial Health Overview
Negative Health Checks:
- OCN profit margin has gone down from 2.7% to -6% in the past year.
- OCN has a relatively high debt to equity ratio of 30.14.
- OCN earnings of $511.80M is not sufficient to cover its interest payments.
- Total OCN debt is higher than 5 years ago, relative to shareholder equity.
- OCN's operating cash flow of $10.40M allows it to safely service it's debt of $10.92B.
Is OCN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who research OCN, the consensus analyst rating on OCN is a 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 forecasting on the Ocwen Financial stock forecast page.
OCN Trading Indicators
OCN Growth Metrics
Last year, OCN revenue was $1.07B. In the past five year, OCN's revenue has increased by 0.07% per year. This was slower than the Mortgage Finance industry average of 0.71%.
Dive into OCN's earnings and revenue performance here.
Are OCN insiders buying or selling the stock?
Over the past 12 months, insiders at OCN have sold more shares than they have bought.
Aaron D. Wade, EVP Chief Investment Officer of OCN, was the latest OCN insider to sell. They sold $24,387.27 worth of OCN stock on Apr 5, 2024.
Get more info about who owns OCN stock here.
Can I rely on OCN as an income stream?
No, Ocwen Financial doesn't provide an income stream by paying out dividends.
What others are saying about OCN
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your OCN buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you need additional help buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your OCN investment
Now that you own some OCN shares, you'll want to stay up-to-date on your company.
Put OCN on a watchlist to keep track of your OCN stock.
OCN Feed
How to Buy Stock in Ocwen Financial
To summarize, here are the 6 steps you need to take to buy Ocwen Financial stock right now:
- Decide where to buy Ocwen Financial stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Evaluate Ocwen Financial stock
- Place your OCN buy order
- Keep an eye on your OCN investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Ocwen Financial, get started below.
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