How to Buy Optical Cable Stock
Optical Cable Corp
Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally.
Optical Cable stock last closed at $2.72, up 0.37% from the previous day, and has decreased 36% in one year. It has underperformed other stocks in the Communication Equipment industry by 0.18 percentage points. Optical Cable stock is currently +20.35% from its 52-week low of $2.26, and -41.51% from its 52-week high of $4.65.
At the moment, there are 7.85M OCC shares outstanding. The market capitalization of OCC is $21.36M. In the last 24 hours, 2237 OCC shares were traded.
How to Buy Optical Cable Stock
Not sure how to invest in Optical Cable stock? Here's how.
- Figure out where to buy Optical Cable stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Optical Cable stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your payment method and add your info.
- Research Optical Cable stock: The Optical Cable ticker symbol is OCC. Is Optical Cable stock a good investment? Should you buy shares of OCC? How do OCC's underlying business fundamentals look? Do top analysts think Optical Cable is a good buy? Why has OCC's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if OCC is a good stock to buy).
- Make your OCC trade: Decide if you will purchase OCC shares at the current market price or use a limit order to buy OCC shares at a particular price.
- Get key alerts regarding your investment in OCC: Create a watchlist to watch your position in Optical Cable shares.
Step 1: Figure out where to buy Optical Cable stock
You need a brokerage account in order to access the NASDAQ market and buy OCC stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
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- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal info so you can invest in OCC today.
How to Start 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 details to open your new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on one of the best stock apps, you need to deposit funds:
Check out the tutorial below for more details transferring money into your investment account.
Step 4: Research Optical Cable stock
Once you have figured out the best place to buy Optical Cable stock, it's absolutely critical to evaluate their stock prior to buying, so you truly understand the risk and upside.
Optical Cable Metrics
Optical Cable Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis.
You can view all of the due diligence checks on OCC's stock page.
Is OCC stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OCC's fair value.
Using relative valuations ratios:
- OCC may be undervalued based on its P/B ratio of 0.91x, relative to Communication Equipment industry P/B ratio of 2.68x
You can access additional valuation analysis on OCC's stock here.
OCC Financial Health Overview
Signs that OCC is financially healthy:
- There are more short-term assets than long-term liabilities on the OCC balance sheet.
- Total OCC debt is lower than 5 years ago, relative to shareholder equity.
- OCC has $220.98k in cash and short term investments. This is enough to cover its annual cash burn of $518.89k.
- There are more short-term assets than short-term liabilities on the OCC balance sheet.
Signs that OCC is not financially healthy:
- OCC profit margin has gone down from 1.9% to -0.2% in the past year.
- OCC has a relatively high debt to equity ratio of 0.73.
- OCC has cash burn of 518886. It does not have enough cash and short-term investments to cover this.
OCC Trading Indicators
OCC Revenue
Last year, OCC revenue was $68.74M. During the past five year, OCC's revenue has gone up by -4.61% per year. This was slower than the Communication Equipment industry average of 3.95%.
You can research OCC's earnings and revenue performance here.
Are OCC insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at OCC have sold more shares than they have bought.
Tracy G. Smith, SVP and CFO of OCC, was the latest OCC insider to sell. They sold $13,729.14 worth of OCC stock on Jan 31, 2024.
Research more about who owns OCC shares here.
Can I rely on OCC as an income stream?
No, Optical Cable doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your OCC trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require additional assistance buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your investment in OCC
Now that you own some OCC shares, you'll want to stay up-to-date on your shares.
Put OCC on a watchlist to get notified of important updates regarding your OCC stock.
OCC Feed
How to Buy Stock in Optical Cable
To reiterate, here are the 6 steps you need to take to buy Optical Cable stock right now:
- Figure out where to buy Optical Cable stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Optical Cable stock
- Make your OCC trade
- Get key alerts regarding your investment in OCC
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Optical Cable, hit the button below to create your watchlist.
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