How to Buy Omega Flex Stock
Omega Flex Inc
Omega Flex, Inc. , together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally.
Omega Flex stock last closed at $40.77, up 0% from the previous day, and has decreased 42.83% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.67 percentage points. Omega Flex stock is currently +9.39% from its 52-week low of $37.27, and -46.71% from its 52-week high of $76.50.
There are currently 10.09M OFLX shares outstanding. The market cap of OFLX is $411.55M. In the last 24 hours, 7985 OFLX shares were traded.
How to Buy Omega Flex Stock
Not sure how to invest in Omega Flex stock? Here's how.
- Choose where to buy Omega Flex stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Omega Flex stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your payment method and add your info.
- Research Omega Flex stock: The Omega Flex ticker symbol is OFLX. Is Omega Flex stock a good investment? Should you buy shares of OFLX? How do OFLX's underlying business fundamentals look? Do top analysts think Omega Flex is a good buy? Why has OFLX's stock price moved recently? (Hint: Our stock analysis website can help you decide if OFLX is a good stock to buy).
- Execute your OFLX buy order: Decide if you will purchase OFLX shares at the current market price or use a limit order to purchase OFLX shares at a given price.
- Track your OFLX investment: Create a watchlist to keep track of your position in Omega Flex stock.
Step 1: Choose where to buy Omega Flex stock
You will need an online brokerage account in order to access the NASDAQ market and buy OFLX stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best place to buy stocks. Here's why:
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can buy OFLX stock today.
How to Open a New Brokerage 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 data to open a new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on the best stock app to use, you can securely and quickly fund your account:
Watch the video below to see the process of transferring funds into your brokerage account.
Step 4: Research Omega Flex stock
Once you have chosen the best place to buy Omega Flex stock, it's important to evaluate their stock prior to investing, so you can wrap your head around the risk and upside.
Omega Flex shares data
Omega Flex Overview
WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on OFLX's stock page.
What is the fair value of OFLX stock?
Investors use many financial metrics, analyses, models, and charts to gauge OFLX's true value.
Using relative valuations ratios:
- OFLX could be undervalued based on its P/E ratio of 22.4x, relative to Specialty Industrial Machinery industry P/E ratio of 28.48x
- OFLX could be undervalued based on its P/B ratio of 5.02x, relative to Specialty Industrial Machinery industry P/B ratio of 5.56x
- OFLX could be overvalued based on its PEG ratio of 39.02x
You can access additional valuation analysis on OFLX's stock here.
A look at OFLX Cashflows and Balance Sheet
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the OFLX balance sheet.
- There are more short-term assets than short-term liabilities on the OFLX balance sheet.
- OFLX's operating cash flow of $23.02M allows it to safely service it's debt of $5.66M.
- OFLX earnings of $22.01M is not enough to cover its interest payments.
- Total OFLX debt is lower than 5 years ago, relative to shareholder equity.
- OFLX has a low debt to equity ratio of 0.25.
Failed Health Checks:
- OFLX profit margin has gone down from 19.3% to 17.7% in the past year.
Metrics for Advanced OFLX Traders
OFLX Growth Numbers
Last year, OFLX earnings were $18.22M. In the last five year, OFLX's earnings have grown by 0.79% per year. This was slower than the Specialty Industrial Machinery industry average of 10.59%.
Last year, OFLX revenue was $102.86M. During the past five year, OFLX's revenue has increased by -1.42% per year. This was slower than the Specialty Industrial Machinery industry average of 4.62%.
Dive into OFLX's earnings and revenue performance here.
What are OFLX insiders up to?
Over the last year, insiders at OFLX have sold more shares than they have bought.
Edwin B. Moran, President of OFLX, was the latest OFLX insider to sell. They sold $52,942.50 worth of OFLX shares on Feb 28, 2024.
Research more about who owns OFLX stock here.
Can I rely on OFLX as an income stream?
Omega Flex pays a dividend of 2.48%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.12%. If you owned $1,000 of OFLX stock, you would have received $24.77 in the past 12 months.
Omega Flex dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about Omega Flex dividend yield and history here.
OFLX Social Trading Data
One of the primary 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: Execute your OFLX buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - 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 limit, place a limit order.
Click the Open button and your broker will execute your order.
If you require more help with buying stocks on eToro, watch the how to video below:
Step 6: Track your OFLX investment
Now that you own some OFLX stock, you'll want to keep up with your company.
Create a watchlist to keep tabs on your OFLX stock.
OFLX Feed
How to Buy Stock in Omega Flex
To summarize, here are the 6 steps to buy Omega Flex stock:
- Choose where to buy Omega Flex stock
- Sign up for your brokerage account
- Fund your investment account
- Research Omega Flex stock
- Execute your OFLX buy order
- Track your OFLX investment
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Omega Flex, create a watchlist on WallStreetZen today.
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