How to Buy Sharkninja Stock
Sharkninja Inc
Sharkninja is a furnishings fixture & appliance company located in Massachusetts, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SN on the NYSE exchange.
Sharkninja stock last closed at $89.77, down 1.98% from the previous day, and has increased 47.43% in one year. It has overperformed other stocks in the Furnishings Fixtures & Appliances industry by 0.58 percentage points. Sharkninja stock is currently +48.21% from its 52-week low of $60.57, and -27.02% from its 52-week high of $123.00.
There are currently 140.35M shares of SN outstanding. The market value of SN is $12.60B. In the past 24 hours, 1.11M SN shares were traded.
How to Buy Sharkninja Stock
Wondering how to invest in Sharkninja stock? Here's how.
- Choose where to buy Sharkninja stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Sharkninja stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your details.
- Analyze Sharkninja stock: The Sharkninja ticker symbol is SN. Is Sharkninja stock a good investment? Should you buy shares of SN? How do SN's underlying business fundamentals look? Do top analysts think Sharkninja is a good buy? Why has SN's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if SN is a good stock to buy).
- Execute your SN purchase: Decide if you will purchase SN shares at the current market price or use a limit order to purchase SN shares at a specific price.
- Get key alerts regarding your SN position: Create a watchlist to watch your new investment in Sharkninja stock.
Step 1: Choose where to buy Sharkninja stock
You will need a brokerage account in order to access the NYSE market and buy SN shares.
Our favorite brokerage: eToro
In our opinion, eToro is the best stock brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to invest in SN stock 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 a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on investing apps, you need to deposit funds:
Watch the video below to see the process of transferring funds into your new investment account.
Step 4: Analyze Sharkninja stock
After you have figured out the best place to buy Sharkninja stock, it's absolutely critical to research their stock before you buy, so you can understand the risk as well as the upside.
Sharkninja shares at a glance
SN Fundamentals
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on SN's stock page.
Is SN stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SN's true value.
Using relative valuations ratios:
- SN could be overvalued based on its P/E ratio of 28.59x, relative to Furnishings Fixtures & Appliances industry P/E ratio of 17.11x
- SN may be overvalued based on its P/B ratio of 6.51x, relative to Furnishings Fixtures & Appliances industry P/B ratio of 2.34x
- SN could be overvalued based on its PEG ratio of 1.07x
You can do additional valuation research on SN's stock here.
SN Financial Health
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the SN balance sheet.
- SN's operating cash flow of $446.62M allows it to safely service it's debt of $920.86M.
- SN profit margin has gone up from 3.9% to 7.9% in the past year.
- There are more short-term assets than long-term liabilities on the SN balance sheet.
- SN earnings of $636.18M is not enough to cover its interest payments.
Negative Financial Indicators:
- SN has a relatively high debt to equity ratio of 1.27.
Is SN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 Equities analysts who research SN, the consensus analyst rating on SN is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest SN Analyst Recommendations
Steven Forbes, a top 44% analyst from Guggenheim maintains SN with a strong buy rating and raises their SN price target from $100.00 to $120.00, on Oct 7, 2024.
Guggenheim's Steven Forbes raised their price target on Sharkninja (NYSE: SN) by 20% from $100 to $120 on 2024/10/07. The analyst maintained their Strong Buy rating on the stock.
According to Forbes, Sharkninja's ten total product launches throughout 2024, recent innovations, and channel expansion will drive sales in the U.S., meaning that current forecasts for 2H 2024 are likely to be "conservative."
Rupesh Parikh, a top 10% analyst from Oppenheimer initiates coverage on SN with a buy rating and announces their SN price target of $120.00, on Oct 1, 2024.
You can dig deeper into what analysts are forecasting on the Sharkninja stock forecast page.
SN Momentum
SN Earnings
Last year, SN earnings were $438.71M. Over the past 4 year, SN's earnings have gone up by 7.51% per year. This was slower than the Furnishings Fixtures & Appliances industry average of 7.81%.
Last year, SN revenue was $5.53B. Over the last 4 year, SN's revenue has gone up by 19.04% per year. This was faster than the Furnishings Fixtures & Appliances industry average of 8.03%.
You can research SN's earnings and revenue performance here.
Are SN executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at SN have not bought or sold any shares.
Dig into more about who owns SN shares here.
Does SN stock generate passive income?
No, Sharkninja doesn't provide an income stream by paying out dividends.
What do other traders have to say about SN?
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: Execute your SN purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will execute your order.
If you want additional help buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your SN position
Now that you own some SN stock, you'll want to keep up with your company.
Make a watchlist to get notified of the latest news about your SN stock.
SN Feed
How to Buy Stock in Sharkninja
To reiterate, here are the 6 steps to buy stock in Sharkninja:
- Choose where to buy Sharkninja stock
- Open your brokerage account
- Fund your investment account
- Analyze Sharkninja stock
- Execute your SN purchase
- Get key alerts regarding your SN position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Sharkninja, create a watchlist on WallStreetZen today.
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