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How to Buy Reliance Stock

Reliance Inc

Reliance is a steel company located in California, United States, which is part of the Basic Materials sector, and is traded under the ticker RS on the NYSE exchange.

Reliance stock last closed at $296.82, up 1.5% from the previous day, and has increased 4.76% in one year. It has overperformed other stocks in the Steel industry by 0.04 percentage points. Reliance stock is currently +25.17% from its 52-week low of $237.14, and -13.26% from its 52-week high of $342.20.

There are currently 57.43M shares of RS outstanding. The market value of RS is $17.05B. In the past 24 hours, 397,030 RS shares were traded.

How to Buy Reliance Stock

Wondering how to invest in Reliance stock? Here's how.
  1. Choose where to buy Reliance stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Reliance stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Select your payment method and add your info.
  4. Analyze Reliance stock: The Reliance ticker symbol is RS. Is Reliance stock a good investment? Should you buy shares of RS? How do RS's underlying business fundamentals look? Do top analysts think Reliance is a good buy? Why has RS's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if RS is a good stock to buy).
  5. Place your RS trade: Decide if you will purchase RS shares at the current market price or use a limit order to buy RS shares at a given price.
  6. Watch your investment in RS: Create a watchlist to the latest updates on your new investment in Reliance shares.

Step 1: Choose where to buy Reliance stock

You will need an online brokerage account in order to access the NYSE market and buy RS stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

We believe that eToro is the best place to buy stocks. Here's why:

  • Invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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  • Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your share purchase by creating an account with eToro today.

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Step 2: Open your brokerage account

Now that you've selected the right brokerage, it's time to fill out some personal info so you are able to invest in RS stock today.

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  1. Click here to get started.
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  2. Input your personal details to start a new trading account.
  1. Submit your details by clicking the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you've opened your account on one of the best stock market apps, you need to deposit funds:

Check out the video below to see the process of transferring funds into your new investment account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Reliance stock

After you have decided on the best place to buy Reliance stock, it's critical to evaluate their stock before you invest, so you can comprehend the risk as well as the upside.

Reliance quick stats

RS Price
$296.82
1w %
5.81%
1y %
4.76%
5y %
223.19%
P/E
13.7x
P/B
2.15x
P/S
1.17x
PEG
N/A
Revenue
$14.49B
Earnings
$1.26B
Fore. Rev. Growth
-0.26%
Fore. Earn. Growth
-8.11%
Market Cap
$17.05B
Next Earnings
Jul 25, 2024
Next Dividend
N/A

RS Fundamentals

WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.

You can view all of the due diligence checks on RS's stock page.

What is the fair value of RS stock?

Analysts use many financial metrics, analyses, models, and charts to gauge RS's intrinsic value.

Using relative valuations ratios:

  • RS may be overvalued based on its P/E ratio of 13.7x, relative to Steel industry P/E ratio of 11.83x
  • RS could be overvalued based on its P/B ratio of 2.15x, relative to Steel industry P/B ratio of 0.92x

You can do additional valuation research on RS's stock here.

RS Financial Overview

Positive Financial Indicators:

  • There are more short-term assets than long-term liabilities on the RS balance sheet.
  • RS earnings of $1.66B is not sufficient to cover its interest payments.
  • Total RS debt is lower than 5 years ago, relative to shareholder equity.
  • RS's operating cash flow of $1.41B allows it to safely service it's debt of $1.38B.
  • RS has a low debt to equity ratio of 0.35.
  • There are more short-term assets than short-term liabilities on the RS balance sheet.

Negative Financial Indicators:

  • RS profit margin has gone down from 10.3% to 8.7% in the past year.

Is RS stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 4 sell side analysts who track RS, the consensus analyst rating on RS is a Buy

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are saying on the Reliance stock forecast page.

RS Trading Indicators

SMA10
284.32
SMA20
282.79
SMA50
289.5
SMA100
306.02
SMA200
289.38
MACD
-0.61
MACD Signal
-2.7
MACD Histogram
2.09
RSI
62.19
Stochastic %K
80.01
Stochastic %D
56.74
StochRSI %K
100
StochRSI %D
76.46

RS Performance Numbers

Last year, RS earnings were $1.26B. During the last 5 year, RS's earnings have grown by 18.27% per year. This was faster than the Steel industry average of 6.09%.

Last year, RS revenue was $14.49B. Over the last 5 year, RS's revenue has grown by 4.3% per year. This was slower than the Steel industry average of 6.84%.

Dig into RS's earnings and revenue performance here.

Latest Insiders Trades at RS

Over the last year, insiders at RS have sold more shares than they have bought.

Stephen Paul Koch, Exec. VP COO of RS, was the latest RS insider to sell. They sold $294,792.64 worth of RS stock on May 31, 2024.

Dig into more about who owns RS shares here.

Can I get consistent income from RS stock?

Reliance pays a dividend of 1.41%, compared to the Steel industry's average dividend yield of 2.82%. If you owned $1,000 of RS stock, you would have been paid $14.15 last year.

Reliance dividend payments have consistently grown over the past decade and have remained stable.

Get more info about Reliance dividend yield and history here.

What do other investors have to say about RS?

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your RS trade

You have 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 best for newer investors.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given dollar amount, use a limit order.

Press the Open Trade button and eToro will execute the order.

If you need additional info about investing in stocks on eToro, watch the how to video below:

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Step 6: Watch your investment in RS

Now that you own some RS stock, you'll want to stay up-to-date on your stock purchase.

Create a watchlist to get alerted to the latest events about your RS stock.

RS Feed

How to Buy Stock in Reliance

To reiterate, here are the 6 steps to buy Reliance stock:

  1. Choose where to buy Reliance stock
  2. Open your brokerage account
  3. Fund your brokerage account
  4. Analyze Reliance stock
  5. Place your RS trade
  6. Watch your investment in RS

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your new investment in Reliance, get started below.

NYSE: RS
$296.82+4.40 (+1.5%)
Updated Jul 12, 2024
Open eToro Account
NYSE: RS
$296.82+4.40 (+1.5%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Reliance share?

As of Jul 12, 2024, it costs $296.82 to buy one share of Reliance stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.337 shares of RS.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Reliance stock?

According to 4 Wall Street analysts who monitor Reliance, their consensus recommendation is to buy Reliance stock.

What is the best way to buy Reliance stock?

One way to place an order for Reliance stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.