How to Buy Quipt Home Medical Stock
Quipt Home Medical Corp
Quipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment in the United States.
Quipt Home Medical stock last closed at $3.84, down 0.26% from the previous day, and has decreased 36.53% in one year. It has underperformed other stocks in the Medical Devices industry by 0.2 percentage points. Quipt Home Medical stock is currently +12.28% from its 52-week low of $3.42, and -42.08% from its 52-week high of $6.63.
As of Apr 24, 2024, there are 42.1M QIPT shares outstanding. The market capitalization of QIPT is $161.67M. In the last 24 hours, 129,520 QIPT shares were traded.
How to Buy Quipt Home Medical Stock
Wondering how to invest in Quipt Home Medical stock? Here's how.
- Decide where to buy Quipt Home Medical stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Quipt Home Medical stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your details.
- Evaluate Quipt Home Medical stock: The Quipt Home Medical ticker symbol is QIPT. Is Quipt Home Medical stock a good investment? Should you buy shares of QIPT? How do QIPT's underlying business fundamentals look? Do top analysts think Quipt Home Medical is a good buy? Why has QIPT's stock price moved recently? (Hint: Our stock market analysis website can help you understand if QIPT is a good stock to buy).
- Make your QIPT trade: Decide if you will purchase QIPT shares at the current market price or use a limit order to buy QIPT shares at a particular price.
- Get notifications regarding your QIPT position: Create a watchlist to important updates regarding your position in Quipt Home Medical shares.
Step 1: Decide where to buy Quipt Home Medical stock
You need a brokerage account in order to access the NASDAQ market and buy QIPT shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you are able to buy QIPT today.
How to Create 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 brokerage account.
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Step 3: Fund your investment account
Now that you've filled out your info on the stocks app, you can securely and quickly fund your account:
Watch the video below if you need help transferring money into your new investment account.
Step 4: Evaluate Quipt Home Medical stock
After you have decided on the best place to buy Quipt Home Medical stock, it's important to research their stock before you buy, so you actually wrap your head around the risk and upside.
Quipt Home Medical quick stats
Fundamentals of Quipt Home Medical
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on QIPT's stock page.
Is QIPT stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge QIPT's true value.
Using relative valuations metrics:
- QIPT may be undervalued based on its P/B ratio of 1.97x, relative to Medical Devices industry P/B ratio of 3.73x
You can access more valuation research on QIPT's stock here.
A look at QIPT Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the QIPT balance sheet.
- QIPT's operating cash flow of $35.14M allows it to safely service it's debt of $70.99M.
Failed Financial Due Diligence Checks:
- QIPT profit margin has gone down from 4.8% to -1.5% in the past year.
- There are more long-term liabilities than short-term assets on the QIPT balance sheet.
- QIPT earnings of $3.06M is not sufficient to cover its interest payments.
- QIPT has a relatively high debt to equity ratio of 1.21.
Is it a good time to buy QIPT stock, according to analysts?
Out of 2 Equities analysts who track QIPT, the consensus analyst rating on Quipt Home Medical is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Quipt Home Medical stock forecast page.
QIPT Trading Indicators
Is QIPT Making Money?
Last year, QIPT revenue was $182.44M. Over the past 3 year, QIPT's revenue has grown by 125.88% per year. This was faster than the Medical Devices industry average of 13.35%.
You can analyze QIPT's earnings and revenue performance here.
What are QIPT insiders up to?
In the last year, executives and large shareholders at QIPT have not bought or sold any shares.
Research more about who owns QIPT stock here.
Can I get consistent income from QIPT stock?
No, Quipt Home Medical doesn't provide an income stream by paying out dividends.
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Step 5: Make your QIPT trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and your broker will place your order.
If you require additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your QIPT position
Now that you own some QIPT shares, you'll want to keep up with your investment.
Add QIPT to a watchlist to track your QIPT stock.
QIPT Feed
How to Buy Stock in Quipt Home Medical
To summarize, here are the 6 steps to buy stock in Quipt Home Medical:
- Decide where to buy Quipt Home Medical stock
- Sign up for your brokerage account
- Fund your investment account
- Evaluate Quipt Home Medical stock
- Make your QIPT trade
- Get notifications regarding your QIPT position
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Quipt Home Medical, add QIPT to your watchlist by clicking the button below.
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