How to Buy Oppfi Stock
Oppfi Inc
FG New America Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Oppfi stock last closed at $4.33, up 1.64% from the previous day, and has increased 65.9% in one year. It has overperformed other stocks in the Credit Services industry by 0.51 percentage points. Oppfi stock is currently +112.25% from its 52-week low of $2.04, and -18.91% from its 52-week high of $5.34.
As of Sep 13, 2024, there are 86.25M OPFI shares outstanding. The market value of OPFI is $373.47M. In the last 24 hours, 106,906 OPFI shares were traded.
How to Buy Oppfi Stock
Not sure how to invest in Oppfi stock? Here's how.
- Decide where to buy Oppfi 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 Oppfi stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Research Oppfi stock: The Oppfi ticker symbol is OPFI. Is Oppfi stock a good investment? Should you buy shares of OPFI? How do OPFI's underlying business fundamentals look? Do top analysts think Oppfi is a good buy? Why has OPFI's stock price moved recently? (Hint: Our stock market analysis website can help you understand if OPFI is a good stock to buy).
- Place your OPFI purchase: Decide if you will purchase OPFI shares at the current market price or use a limit order to purchase OPFI shares at a particular price.
- Get updates on your OPFI position: Create a watchlist to keep tabs on your position in Oppfi shares.
Step 1: Decide where to buy Oppfi stock
You need a brokerage account to access the NYSE market and buy OPFI shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to world financial markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you are able to invest in OPFI stock today.
How to Open a New 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 start a new trading account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on a good online stock trading app, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your new investment account.
Step 4: Research Oppfi stock
Once you have selected the best place to buy Oppfi stock, it's very important to analyze their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
Oppfi Metrics
OPFI Fundamentals
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on OPFI's stock page.
What is the fair value of OPFI stock?
You can use many financial metrics, analyses, models, and charts to gauge OPFI's intrinsic value.
Using relative valuations metrics:
- OPFI could be undervalued based on its P/E ratio of 18.83x, relative to Credit Services industry P/E ratio of 27.55x
- OPFI may be overvalued based on its P/B ratio of 20.05x, relative to Credit Services industry P/B ratio of 5.03x
- OPFI could be undervalued based on its PEG ratio of 0.1x
You can do additional valuation analysis on OPFI's stock here.
OPFI Financial Health
Passed Financial Due Diligence Checks:
- OPFI's operating cash flow of $309.31M allows it to safely service it's debt of $315.95M.
Failed Financial Due Diligence Checks:
- OPFI has a relatively high debt to equity ratio of 19.94.
- OPFI profit margin has gone down from 2.1% to 1.8% in the past year.
- OPFI earnings of $54.56M is not sufficient to cover its interest payments.
Do analysts think it's a good time to buy OPFI stock
Out of 1 Equities analysts who research OPFI, the consensus analyst rating on OPFI is a 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 saying on the Oppfi stock forecast page.
Metrics for Advanced OPFI Traders
Is OPFI Making Money?
Last year, OPFI earnings were $5.21M. In the past 2 year, OPFI's earnings have gone up by -68.03% per year. This was slower than the Credit Services industry average of 11.33%.
Last year, OPFI revenue was $290.91M. In the last three year, OPFI's revenue has increased by 60.55% per year. This was faster than the Credit Services industry average of 9.98%.
Learn more about OPFI's earnings and revenue performance here.
Who is buying/selling OPFI?
In the past 12 months, executives and large shareholders at OPFI have sold more shares than they have bought.
David Vennettilli, Director of OPFI, was the latest OPFI insider to sell. They sold $168,609.70 worth of OPFI stock on Aug 9, 2024.
Dig into more about who owns OPFI shares here.
Can I rely on OPFI as an income stream?
No, Oppfi doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the 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: Place your OPFI purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open button and eToro will place your order.
If you need additional info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your OPFI position
Now that you own some OPFI shares, you'll want to keep up with your new stock purchase.
Create a watchlist to get notified of important updates regarding your OPFI stock.
OPFI Feed
How to Buy Stock in Oppfi
To summarize, here are the 6 steps to buy Oppfi stock:
- Decide where to buy Oppfi stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Research Oppfi stock
- Place your OPFI purchase
- Get updates on your OPFI position
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Oppfi, add OPFI to your watchlist below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.