How to Buy Signify Health Stock
Signify Health Inc
Signify Health, Inc. operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States.
Signify Health stock last closed at $30.47, up 5.76% from the previous day, and has increased 72.34% in one year. It has overperformed other stocks in the Health Information Services industry by 1.09 percentage points. Signify Health stock is currently +184.77% from its 52-week low of $10.70, and -0.03% from its 52-week high of $30.48.
As of Mar 27, 2023, there are 236.51M SGFY shares outstanding. The market cap of SGFY is $7.21B. In the last 24 hours, 38.27M SGFY shares were traded.
How to Buy Signify Health Stock
Wondering how to invest in Signify Health stock? Here's how.
- Choose where to buy Signify Health stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Signify Health stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Select your method of payment and add your details.
- Research Signify Health stock: The Signify Health ticker symbol is SGFY. Is Signify Health stock a good investment? Should you buy shares of SGFY? How do SGFY's underlying business fundamentals look? Do top analysts think Signify Health is a good buy? Why has SGFY's stock price moved recently? (Hint: Our stock market analysis website can help you understand if SGFY is a good stock to buy).
- Execute your SGFY purchase: Decide if you will purchase SGFY shares at the current market price or use a limit order to buy SGFY stock at a given price.
- Get notifications regarding your SGFY position: Create a watchlist to monitor your investment in Signify Health shares.
Step 1: Choose where to buy Signify Health stock
You need an online brokerage account to access the NYSE market and buy SGFY stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you are able to buy SGFY stock today.
How to Start a New Account on eToro
- Click here to get started.
- Enter your personal data to create your new trading account.
- Submit your details by pressing the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on our top ranked stock market app, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of depositing money into your investment account.
Step 4: Research Signify Health stock
Once you have identified the best place to buy Signify Health stock, it's very important to evaluate their stock before you invest, so you truly wrap your head around the risk and opportunity.
Overview of key SGFY info
SGFY Zen Score
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on SGFY's stock page.
Is SGFY stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SGFY's fair value.
Using relative valuations metrics:
- SGFY may be overvalued based on its P/B ratio of 11.49x, relative to Health Information Services industry P/B ratio of 3.52x
You can do more valuation analysis on SGFY's stock here.
SGFY Financial Overview
Pros:
- There are more short-term assets than long-term liabilities on the SGFY balance sheet.
- There are more short-term assets than short-term liabilities on the SGFY balance sheet.
Cons:
- SGFY profit margin has gone down from 3% to -71.6% in the past year.
- SGFY earnings of -$562.40M is not sufficient to cover its interest payments.
- SGFY has a relatively high debt to equity ratio of 1.47.
- SGFY's operating cash flow of $31.90M allows it to safely service it's debt of $362.10M.
SGFY Momentum
SGFY Earnings
Last year, SGFY revenue was $805.50M. In the last four year, SGFY's revenue has gone up by 24.26% per year. This was slower than the Health Information Services industry average of 42.04%.
Learn more about SGFY's earnings and revenue performance here.
What are SGFY executives and large shareholders up to?
In the last 12 months, insiders at SGFY have sold more shares than they have bought.
Bradford Kyle Armbrester, Chief Executive Officer of SGFY, was the latest SGFY insider to sell. They sold $180,688.53 worth of SGFY shares on Mar 7, 2023.
Get more info about who owns SGFY shares here.
Does SGFY provide a stable income stream?
No, Signify Health doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Execute your SGFY purchase
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Click the Open button and your broker will place the order.
If you require additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your SGFY position
Now that you own some SGFY stock, you'll want to stay up-to-date on your investment.
Add SGFY to a watchlist to monitor your SGFY stock.
SGFY Feed
How to Buy Stock in Signify Health
To reiterate, here are the 6 steps to buy Signify Health stock:
- Choose where to buy Signify Health stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Research Signify Health stock
- Execute your SGFY purchase
- Get notifications regarding your SGFY position
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Signify Health, add SGFY to your watchlist by clicking the button below.
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