How to Buy Proto Labs Stock
Proto Labs Inc
Proto Labs is a metal fabrication company located in Minnesota, United States, which is part of the Industrials sector, and is traded under the ticker PRLB on the NYSE exchange.
Proto Labs stock last closed at $31.37, down 0.16% from the previous day, and has increased 11.6% in one year. It has underperformed other stocks in the Metal Fabrication industry by 0.22 percentage points. Proto Labs stock is currently +36.33% from its 52-week low of $23.01, and -25.08% from its 52-week high of $41.87.
As of Apr 26, 2024, there are 25.72M PRLB shares outstanding. The market cap of PRLB is $806.90M. In the past 24 hours, 69,633 PRLB shares were traded.
How to Buy Proto Labs Stock
Not sure how to invest in Proto Labs stock? Here's how.
- Decide where to buy Proto Labs stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Proto Labs stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Pick your payment method and add your details.
- Analyze Proto Labs stock: The Proto Labs ticker symbol is PRLB. Is Proto Labs stock a good investment? Should you buy shares of PRLB? How do PRLB's underlying business fundamentals look? Do top analysts think Proto Labs is a good buy? Why has PRLB's stock price moved recently? (Hint: Our stock market research website can help you evaluate if PRLB is a good stock to buy).
- Execute your PRLB purchase: Decide if you will purchase PRLB shares at the current market price or use a limit order to purchase PRLB stock at a given price.
- Get updates on your investment in PRLB: Create a watchlist to key updates about your new investment in Proto Labs shares.
Step 1: Decide where to buy Proto Labs stock
You will need a brokerage account to access the NYSE market and buy PRLB stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you are able to buy PRLB 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 details to start your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on apps for stock market, you can securely and quickly fund your account:
Watch the tutorial below if you need help transferring money into your new investment account.
Step 4: Analyze Proto Labs stock
Once you have chosen the best place to buy Proto Labs stock, it's very important to analyze their stock before you buy, so you actually understand the risk as well as the upside.
Proto Labs quick stats
Fundamentals of PRLB
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on PRLB's stock page.
What is the fair value of PRLB stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PRLB's fair value.
Using relative valuations metrics:
- PRLB may be overvalued based on its P/E ratio of 47.53x, relative to Metal Fabrication industry P/E ratio of 19.04x
- PRLB could be undervalued based on its P/B ratio of 1.16x, relative to Metal Fabrication industry P/B ratio of 2.96x
You can do more valuation analysis on PRLB's stock here.
A quick look at PRLB Financials
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the PRLB balance sheet.
- PRLB has a low debt to equity ratio of 0.11.
- PRLB profit margin has gone up from -21.2% to 3.4% in the past year.
- Total PRLB debt is lower than 5 years ago, relative to shareholder equity.
- PRLB earnings of $27.95M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the PRLB balance sheet.
- PRLB's operating cash flow of $73.27M allows it to safely service it's debt of $5.48M.
You can dig deeper into what analysts are forecasting on the Proto Labs stock forecast page.
PRLB Trading Indicators
PRLB Revenue
Last year, PRLB earnings were $17.22M. During the past 5 year, PRLB's earnings have grown by -25.31% per year. This was slower than the Metal Fabrication industry average of 27.69%.
Last year, PRLB revenue was $503.88M. Over the past five year, PRLB's revenue has gone up by 2.49% per year. This was slower than the Metal Fabrication industry average of 3.72%.
Learn more about PRLB's earnings and revenue performance here.
Who is buying/selling PRLB?
Over the last year, insiders at PRLB have sold more shares than they have bought.
Robert Bodor, President and CEO of PRLB, was the latest PRLB insider to sell. They sold $118,928.96 worth of PRLB stock on Feb 13, 2024.
Research more about who owns PRLB stock here.
Does PRLB provide a stable income stream?
No, Proto Labs doesn't provide an income stream by paying out dividends.
What do other traders have to say about PRLB?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your PRLB purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Hit the Open button and eToro will place the order.
If you want additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your investment in PRLB
Now that you own some PRLB shares, you'll want to stay up-to-date on your new shares.
Create a watchlist to track your PRLB stock.
PRLB Feed
How to Buy Stock in Proto Labs
To reiterate, here are the 6 steps to buy stock in Proto Labs:
- Decide where to buy Proto Labs stock
- Open your brokerage account
- Put funds into your investment account
- Analyze Proto Labs stock
- Execute your PRLB purchase
- Get updates on your investment in PRLB
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Proto Labs, click below.
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