How to Buy Olympic Steel Stock
Olympic Steel Inc
Olympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally.
Olympic Steel stock last closed at $66.68, down 1.29% from the previous day, and has increased 39.91% in one year. It has overperformed other stocks in the Steel industry by 0.21 percentage points. Olympic Steel stock is currently +63.23% from its 52-week low of $40.85, and -9.27% from its 52-week high of $73.49.
As of Apr 26, 2024, there are 11.13M shares of ZEUS outstanding. The market cap of ZEUS is $742.32M. In the past 24 hours, 52,830 ZEUS shares were traded.
How to Buy Olympic Steel Stock
Wondering how to invest in Olympic Steel stock? Here's how.
- Figure out where to buy Olympic Steel stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Olympic Steel stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your method of payment and add your details.
- Research Olympic Steel stock: The Olympic Steel ticker symbol is ZEUS. Is Olympic Steel stock a good investment? Should you buy shares of ZEUS? How do ZEUS's underlying business fundamentals look? Do top analysts think Olympic Steel is a good buy? Why has ZEUS's stock price moved recently? (Hint: Our stock analysis website can help you decide if ZEUS is a good stock to buy).
- Place your ZEUS trade: Decide if you will purchase ZEUS shares at the current market price or use a limit order to buy ZEUS shares at a particular price.
- Get the latest news on your ZEUS position: Create a watchlist to keep track of your position in Olympic Steel shares.
Step 1: Figure out where to buy Olympic Steel stock
You will need an online brokerage account to access the NASDAQ market and buy ZEUS stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal details so you can buy ZEUS today.
How to Open 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.
- Input your personal data to create a new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on the best stock buying app, you need to deposit funds:
Check out the video below for more details transferring money into your new investment account.
Step 4: Research Olympic Steel stock
After you have identified the best place to buy Olympic Steel stock, it's very important to research their stock prior to investing, so you actually understand the risk and upside.
Olympic Steel quick stats
Olympic Steel Fundamentals
WallStreetZen was built to help average investors do better fundamental analysis.
You can view all of the due diligence checks on ZEUS's stock page.
Is ZEUS stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ZEUS's fair value.
Using relative valuations methods:
- ZEUS could be overvalued based on its P/E ratio of 17.32x, relative to Steel industry P/E ratio of 13.25x
- ZEUS could be overvalued based on its P/B ratio of 1.34x, relative to Steel industry P/B ratio of 0.95x
- ZEUS could be overvalued based on its PEG ratio of 4.34x
You can do more valuation analysis on ZEUS's stock here.
ZEUS Financial Health
Positive Financial Indicators:
- ZEUS's operating cash flow of $175.16M allows it to safely service it's debt of $225.27M.
- There are more short-term assets than long-term liabilities on the ZEUS balance sheet.
- There are more short-term assets than short-term liabilities on the ZEUS balance sheet.
- Total ZEUS debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- ZEUS profit margin has gone down from 3.6% to 2.1% in the past year.
- ZEUS has a relatively high debt to equity ratio of 0.77.
- ZEUS earnings of $77.59M is not enough to cover its interest payments.
You can dive deeper into what analysts are forecasting on the Olympic Steel stock forecast page.
Metrics for Advanced ZEUS Traders
ZEUS Growth Metrics
Last year, ZEUS earnings were $44.53M. During the past 5 year, ZEUS's earnings have grown by 5.47% per year. This was slower than the Steel industry average of 10.82%.
Last year, ZEUS revenue was $2.16B. In the past five year, ZEUS's revenue has gone up by 4.7% per year. This was slower than the Steel industry average of 7.51%.
You can research ZEUS's earnings and revenue performance here.
Are ZEUS insiders buying or selling the stock?
Over the last 12 months, insiders at ZEUS have not bought or sold any shares.
Learn more about who owns ZEUS shares here.
Does ZEUS stock generate passive income?
Olympic Steel pays a dividend of 0.79%, compared to the Steel industry's average dividend yield of 2.88%. If you owned $1,000 of ZEUS stock, you would have received $7.87 in the past 12 months.
Olympic Steel dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Olympic Steel dividend yield and history here.
What do other traders have to say about ZEUS?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your ZEUS trade
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 mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your ZEUS position
Now that you own some ZEUS stock, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to track the latest developments regarding your ZEUS stock.
ZEUS Feed
How to Buy Stock in Olympic Steel
To summarize, here are the 6 steps for buying Olympic Steel stock:
- Figure out where to buy Olympic Steel stock
- Create your brokerage account
- Put funds into your investment account
- Research Olympic Steel stock
- Place your ZEUS trade
- Get the latest news on your ZEUS position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your new investment in Olympic Steel, add ZEUS to your watchlist below.
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