How to Buy Scansource Stock
Scansource Inc
ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud.
Scansource stock last closed at $47.41, up 3.76% from the previous day, and has increased 53.63% in one year. It has overperformed other stocks in the Electronics & Computer Distribution industry by 0.18 percentage points. Scansource stock is currently +70.17% from its 52-week low of $27.86, and -11.03% from its 52-week high of $53.29.
There are currently 24.03M SCSC shares outstanding. The market capitalization of SCSC is $1.14B. In the past 24 hours, 137,993 SCSC shares were traded.
How to Buy Scansource Stock
Not sure how to invest in Scansource stock? Here's how.
- Decide where to buy Scansource stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Scansource stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your method of payment and add your information.
- Analyze Scansource stock: The Scansource ticker symbol is SCSC. Is Scansource stock a good investment? Should you buy shares of SCSC? How do SCSC's underlying business fundamentals look? Do top analysts think Scansource is a good buy? Why has SCSC's stock price moved recently? (Hint: Our stock research tools can help you decide if SCSC is a good stock to buy).
- Make your SCSC purchase: Decide if you will purchase SCSC shares at the current market price or use a limit order to buy SCSC shares at a given price.
- Get updates on your SCSC investment: Create a watchlist to key updates about your investment in Scansource shares.
Step 1: Decide where to buy Scansource stock
You will need an online brokerage account in order to access the NASDAQ market and buy SCSC stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can invest in SCSC 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.
- Input your personal details to start your new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on the best stock app, your next step is to transfer the money for your investment:
Check out the video below for more details transferring funds into your new investment account.
Step 4: Analyze Scansource stock
After you have selected the best place to buy Scansource stock, it's critical to evaluate their stock before you invest, so you actually understand the risk and upside.
Scansource shares quick numbers
SCSC Overview
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on SCSC's stock page.
How is SCSC stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge SCSC's true value.
Using relative valuations metrics:
- SCSC may be undervalued based on its P/E ratio of 15.29x, relative to Electronics & Computer Distribution industry P/E ratio of 16.32x
- SCSC may be undervalued based on its P/B ratio of 1.23x, relative to Electronics & Computer Distribution industry P/B ratio of 1.43x
- SCSC could be overvalued based on its PEG ratio of 2.23x
You can do additional valuation research on SCSC's stock here.
SCSC Financial Health Overview
Positive Financial Indicators:
- SCSC's operating cash flow of $371.65M allows it to safely service it's debt of $144.06M.
- SCSC earnings of $112.87M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the SCSC balance sheet.
- Total SCSC debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the SCSC balance sheet.
Negative Financial Indicators:
- SCSC has a relatively high debt to equity ratio of 0.93.
- SCSC profit margin of X% has stayed the same in the past year.
You can dig deeper into what analysts are forecasting on the Scansource stock forecast page.
Metrics for Advanced SCSC Traders
Is SCSC Growing Revenue?
Last year, SCSC earnings were $77.06M. In the past 5 year, SCSC's earnings have gone up by 6.62% per year. This was slower than the Electronics & Computer Distribution industry average of 11.98%.
Last year, SCSC revenue was $3.26B. During the past 5 year, SCSC's revenue has grown by 0.06% per year. This was slower than the Electronics & Computer Distribution industry average of 8.07%.
Find out more about SCSC's earnings and revenue performance here.
Who is buying/selling SCSC?
Over the past year, executives and large shareholders at SCSC have sold more shares than they have bought.
Rachel Hayden, SEVP CIO of SCSC, was the latest SCSC insider to sell. They sold $295,203.22 worth of SCSC shares on Sep 16, 2024.
Research more about who owns SCSC shares here.
Does SCSC provide a stable income stream?
No, Scansource doesn't provide an income stream by paying out dividends.
What do other traders have to say about SCSC?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your SCSC purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Get updates on your SCSC investment
Now that you own some SCSC stock, you'll want to keep up with your shares.
Make a watchlist to track the most important metrics related to your SCSC stock.
SCSC Feed
How to Buy Stock in Scansource
To reiterate, here are the 6 steps you need to take to buy Scansource stock right now:
- Decide where to buy Scansource stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Scansource stock
- Make your SCSC purchase
- Get updates on your SCSC investment
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Scansource, get started below.
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