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 $2.88, down 1.37% from the previous day, and has increased 41.87% in one year. It has overperformed other stocks in the Credit Services industry by 0.26 percentage points. Oppfi stock is currently +59.12% from its 52-week low of $1.81, and -46.07% from its 52-week high of $5.34.
As of Apr 18, 2024, there are 110.92M OPFI shares outstanding. The market value of OPFI is $319.44M. In the last 24 hours, 232,070 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.
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Based on our research, eToro is the best brokerage. Here's why:
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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 overvalued based on its P/B ratio of 30.6x, relative to Credit Services industry P/B ratio of 4.8x
You can do additional valuation research on OPFI's stock here.
OPFI Financial Summary
Passed Financial Due Diligence Checks:
- OPFI's operating cash flow of $296.15M allows it to safely service it's debt of $349.18M.
Failed Financial Due Diligence Checks:
- OPFI earnings of $48.08M is not sufficient to cover its interest payments.
- OPFI has a relatively high debt to equity ratio of 39.03.
- OPFI profit margin has gone down from 3.3% to -0.4% in the past year.
Do analysts think it's a good time to buy Oppfi stock
Out of 1 Equities analysts who research OPFI, the consensus analyst rating on Oppfi is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Oppfi stock forecast page.
OPFI Momentum
OPFI Performance Numbers
Last year, OPFI revenue was $273.18M. Over the past 5 year, OPFI's revenue has grown by 37.38% per year. This was faster than the Credit Services industry average of 9.58%.
Dig into OPFI's earnings and revenue performance here.
Who is buying/selling OPFI?
Over the last 12 months, insiders at OPFI have bought more shares than they have sold.
Pamela D. Johnson, CFO of OPFI, was the latest OPFI insider to sell. They sold $25,257.60 worth of OPFI shares on Apr 15, 2024.
Dig into more about who owns OPFI shares here.
Can I get consistent income from OPFI stock?
No, Oppfi doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your OPFI purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open button and eToro will execute your order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your OPFI position
Now that you own some shares in OPFI, you'll want to keep up with your shares.
Create a watchlist to keep tabs on your OPFI stock.
OPFI Feed
How to Buy Stock in Oppfi
To reiterate, here are the 6 steps to buy stock in Oppfi:
- 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 need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Oppfi, click below.
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