How to Buy Ooma Stock
Ooma Inc
Ooma is a telecom company located in California, United States, which is part of the Communication Services sector, and is traded under the ticker OOMA on the NYSE exchange.
Ooma stock last closed at $10.98, up 0.91% from the previous day, and has decreased 17.8% in one year. It has underperformed other stocks in the Telecom Services industry by 0.06 percentage points. Ooma stock is currently +68.92% from its 52-week low of $6.50, and -19.74% from its 52-week high of $13.68.
At the moment, there are 26.8M OOMA shares outstanding. The market value of OOMA is $294.26M. In the last 24 hours, 198,360 OOMA shares were traded.
How to Buy Ooma Stock
Not sure how to invest in Ooma stock? Here's how.
- Decide where to buy Ooma stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Ooma stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Research Ooma stock: The Ooma ticker symbol is OOMA. Is Ooma stock a good investment? Should you buy shares of OOMA? How do OOMA's underlying business fundamentals look? Do top analysts think Ooma is a good buy? Why has OOMA's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if OOMA is a good stock to buy).
- Execute your OOMA buy order: Decide if you will purchase OOMA shares at the current market price or use a limit order to purchase OOMA shares at a given price.
- Get the latest news on your OOMA investment: Create a watchlist to get the latest news on your investment in Ooma shares.
Step 1: Decide where to buy Ooma stock
You need a brokerage account in order to access the NYSE market and buy OOMA shares.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you can buy OOMA today.
How to Create 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 data to create a new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on one of the best stock market apps, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your brokerage account.
Step 4: Research Ooma stock
After you have identified the best place to buy Ooma stock, it's absolutely critical to research their stock prior to buying, so you truly understand the risk and upside.
Overview of key OOMA info
OOMA Zen Score
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on OOMA's stock page.
Is OOMA stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge OOMA's fair value.
Using relative valuations measures:
- OOMA could be overvalued based on its P/B ratio of 3.6x, relative to Telecom Services industry P/B ratio of 1.72x
You can access additional valuation analysis on OOMA's stock here.
OOMA Financial Health
Positive Financial Indicators:
- Total OOMA debt is lower than 5 years ago, relative to shareholder equity.
- OOMA's operating cash flow of $18.11M allows it to safely service it's debt of $21.14M.
- There are more short-term assets than short-term liabilities on the OOMA balance sheet.
- There are more short-term assets than long-term liabilities on the OOMA balance sheet.
Negative Financial Indicators:
- OOMA earnings of -$6.57M is not sufficient to cover its interest payments.
- OOMA has a relatively high debt to equity ratio of 0.85.
- OOMA profit margin has gone down from -1.4% to -2% in the past year.
Is it a good time to buy Ooma stock, according to analysts?
Out of 1 sell side analysts who give ratings on OOMA, the consensus analyst rating on Ooma is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Ooma stock forecast page.
OOMA Technical Indicators
Is OOMA Growing Revenue?
Last year, OOMA revenue was $248.16M. In the past 5 year, OOMA's revenue has increased by 12.34% per year. This was faster than the Telecom Services industry average of 3.07%.
Learn more about OOMA's earnings and revenue performance here.
Latest Insiders Trades at OOMA
Over the last 12 months, insiders at OOMA have bought more shares than they have sold.
James A. Gustke, SVP of Marketing of OOMA, was the latest OOMA insider to sell. They sold $6,910.12 worth of OOMA stock on Sep 8, 2024.
Dig into more about who owns OOMA stock here.
Does OOMA provide a stable income stream?
No, Ooma doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your OOMA buy order
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 generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you require additional help investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your OOMA investment
Now that you own some shares in OOMA, you'll want to keep up with your new company.
Add OOMA to a watchlist to track your OOMA stock.
OOMA Feed
How to Buy Stock in Ooma
To summarize, here are the 6 steps to buy Ooma stock:
- Decide where to buy Ooma stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Ooma stock
- Execute your OOMA buy order
- Get the latest news on your OOMA investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Ooma, click below.
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