How to Buy Secureworks Stock
Secureworks Corp
SecureWorks Corp. , through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally.
Secureworks stock last closed at $7.81, down 5.68% from the previous day, and has increased 25.97% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.61 percentage points. Secureworks stock is currently +44.63% from its 52-week low of $5.40, and -19.98% from its 52-week high of $9.76.
As of Sep 9, 2024, there are 88.83M SCWX shares outstanding. The market value of SCWX is $693.75M. In the last 24 hours, 35,289 SCWX shares were traded.
How to Buy Secureworks Stock
Not sure how to invest in Secureworks stock? Here's how.
- Figure out where to buy Secureworks stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Secureworks stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your method of payment and add your info.
- Analyze Secureworks stock: The Secureworks ticker symbol is SCWX. Is Secureworks stock a good investment? Should you buy shares of SCWX? How do SCWX's underlying business fundamentals look? Do top analysts think Secureworks is a good buy? Why has SCWX's stock price moved recently? (Hint: Our stock market analysis website can help you decide if SCWX is a good stock to buy).
- Place your SCWX purchase: Decide if you will purchase SCWX shares at the current market price or use a limit order to buy SCWX shares at a given price.
- Keep tabs on your SCWX position: Create a watchlist to key updates about your investment in Secureworks stock.
Step 1: Figure out where to buy Secureworks stock
You need an online brokerage account in order to access the NASDAQ market and buy SCWX stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you can invest in SCWX stock today.
How to Start 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 create a new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Analyze Secureworks stock
After you have selected the best place to buy Secureworks stock, it's important to evaluate their stock before you buy, so you can understand the risk and upside.
Secureworks shares quick numbers
Secureworks Due Diligence Checks
WallStreetZen was designed to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SCWX's stock page.
What is the fair value of SCWX stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SCWX's intrinsic value.
Using relative valuations measures:
- SCWX could be undervalued based on its P/B ratio of 1.51x, relative to Software - Infrastructure industry P/B ratio of 11.27x
You can do additional valuation research on SCWX's stock here.
SCWX Financial Health
Positive Health Checks:
- SCWX has $47.63M in cash and short term investments. This is sufficient to cover its annual cash burn of $5.48M.
- Total SCWX debt is lower than 5 years ago, relative to shareholder equity.
- SCWX profit margin has gone up from -31.8% to -21.2% in the past year.
- SCWX has cash burn of 5477000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the SCWX balance sheet.
Negative Health Checks:
- SCWX has a relatively high debt to equity ratio of 0.45.
- There are more short-term liabilities than short-term assets on the SCWX balance sheet.
Is Secureworks stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who track SCWX, the consensus analyst rating on SCWX is a Strong Sell
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Secureworks stock forecast page.
SCWX Trading Indicators
How is SCWX performing as a company?
Last year, SCWX revenue was $346.35M. In the last 5 year, SCWX's revenue has grown by -8.27% per year. This was slower than the Software - Infrastructure industry average of 17.66%.
Find out more about SCWX's earnings and revenue performance here.
Are SCWX executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at SCWX have sold more shares than they have bought.
George B. Hanna, Chief Legal Admin Officer of SCWX, was the latest SCWX insider to sell. They sold $48,835.71 worth of SCWX shares on Jul 26, 2024.
Research more about who owns SCWX shares here.
Can I get consistent income from SCWX stock?
No, Secureworks doesn't provide an income stream by paying out dividends.
SCWX Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your SCWX purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you require additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your SCWX position
Now that you own some shares in SCWX, you'll want to keep up with your shares.
Put SCWX on a watchlist to get alerted to the latest events about your SCWX stock.
SCWX Feed
How to Buy Stock in Secureworks
To reiterate, here are the 6 steps for buying Secureworks stock:
- Figure out where to buy Secureworks stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Analyze Secureworks stock
- Place your SCWX purchase
- Keep tabs on your SCWX position
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Secureworks, hit the button below to create your watchlist.
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