WallStreetZenWallStreetZen

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 $42.55, up 0.07% from the previous day, and has increased 36.47% in one year. It has overperformed other stocks in the Electronics & Computer Distribution industry by 0.16 percentage points. Scansource stock is currently +62.78% from its 52-week low of $26.14, and -2.09% from its 52-week high of $43.46.

There are currently 25.17M SCSC shares outstanding. The market capitalization of SCSC is $1.07B. In the past 24 hours, 206,406 SCSC shares were traded.

How to Buy Scansource Stock

Not sure how to invest in Scansource stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our analysis, eToro is the best online stock brokerage. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
  • Access to global financial markets: From Tech to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by creating an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Input your personal details to start your new brokerage account.
  1. Submit your information by hitting the "Create Account" button.
  2. 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.

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.

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.

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 Price
$42.55
1w %
4.11%
1y %
36.47%
5y %
13.32%
P/E
12.05x
P/B
1.12x
P/S
0.3x
PEG
0.51x
Revenue
$3.59B
Earnings
$88.19M
Fore. Rev. Growth
-1.78%
Fore. Earn. Growth
29.46%
Market Cap
$1.07B
Next Earnings
N/A
Next Dividend
N/A

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 12.05x, relative to Electronics & Computer Distribution industry P/E ratio of 13.07x
  • SCSC may be undervalued based on its P/B ratio of 1.12x, relative to Electronics & Computer Distribution industry P/B ratio of 1.26x
  • SCSC could be undervalued based on its PEG ratio of 0.51x

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

SCSC Financial Health Overview

Positive Financial Indicators:

  • SCSC's operating cash flow of $196.33M allows it to safely service it's debt of $168.63M.
  • SCSC earnings of $134.51M 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 0.87.
  • SCSC profit margin of X% has stayed the same in the past year.

Do analysts think it's a good time to buy Scansource stock

Out of 2 sell side analysts who give recommendations on SCSC, the consensus analyst rating on SCSC is a Buy

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Scansource stock forecast page.

SCSC Technicals

SMA10
42.06
SMA20
40.5
SMA50
39.52
SMA100
36.09
SMA200
32.95
MACD
1.03
MACD Signal
0.88
MACD Histogram
0.15
RSI
61.29
Stochastic %K
90.53
Stochastic %D
91.76
StochRSI %K
81.23
StochRSI %D
80.39

SCSC Growth Metrics

Last year, SCSC earnings were $88.19M. Over the last five year, SCSC's earnings have grown by 10.22% per year. This was slower than the Electronics & Computer Distribution industry average of 15.87%.

Last year, SCSC revenue was $3.59B. Over the last five year, SCSC's revenue has grown by 2.18% per year. This was slower than the Electronics & Computer Distribution industry average of 10.09%.

Learn more about SCSC's earnings and revenue performance here.

Are SCSC executives and large shareholders buying or selling the stock?

Over the past year, insiders at SCSC have bought more shares than they have sold.

Peter C. Browning, Director of SCSC, was the latest SCSC insider to sell. They sold $308,775.00 worth of SCSC shares on Feb 21, 2024.

Learn more about who owns SCSC stock here.

Does SCSC provide a stable income stream?

No, Scansource doesn't provide an income stream by paying out dividends.

SCSC Social Trading Data

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

Click below to learn what other investors have to say.

Step 5: Make your SCSC purchase

You have two main 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 usually sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price limit, place a limit order.

Hit the Open button and your broker will execute your order.

If you require additional help with buying stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Get updates on your SCSC investment

Now that you own some SCSC shares, you'll want to keep up with your shares.

Add SCSC to a watchlist to track the most important metrics related to your SCSC stock.

SCSC Feed

How to Buy Stock in Scansource

To summarize, here are the 6 steps to buy stock in Scansource:

  1. Decide where to buy Scansource stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Analyze Scansource stock
  5. Make your SCSC purchase
  6. Get updates on your SCSC investment

If you need a brokerage, 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 would like to monitor your new investment in Scansource, click below.

NASDAQ: SCSC
$42.55+0.03 (+0.07%)
Updated Feb 28, 2024
Open eToro Account
NASDAQ: SCSC
$42.55+0.03 (+0.07%)
Updated Feb 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Scansource share?

As of Feb 28, 2024, it costs $42.55 to buy one share of Scansource stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.235 shares of SCSC.

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 Scansource stock?

According to 2 Wall Street analysts who monitor Scansource, their consensus recommendation is to buy Scansource stock.

What is the best way to buy Scansource stock?

One way to place an order for Scansource 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.