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How to Buy Social Leverage Acquisition I Stock

Social Leverage Acquisition Corp I

Social Leverage Acquisition I is a shell company located in Arizona, United States, which is part of the Industrials sector, and is traded under the ticker SLAC on the NASDAQ exchange.

Social Leverage Acquisition I stock last closed at $10.01, up 0.1% from the previous day, and has increased 3.09% in one year. It has overperformed other stocks in the Shell Companies industry by 0.01 percentage points. Social Leverage Acquisition I stock is currently +3.09% from its 52-week low of $9.71, and -4.67% from its 52-week high of $10.50.

At the moment, there are 43.13M shares of SLAC outstanding. The market capitalization of SLAC is $431.68M. In the last 24 hours, 2568 SLAC shares were traded.

How to Buy Social Leverage Acquisition I Stock

Not sure how to invest in Social Leverage Acquisition I stock? Here's how.
  1. Choose where to buy Social Leverage Acquisition I stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Social Leverage Acquisition I stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your information.
  4. Evaluate Social Leverage Acquisition I stock: The Social Leverage Acquisition I ticker symbol is SLAC. Is Social Leverage Acquisition I stock a good investment? Should you buy shares of SLAC? How do SLAC's underlying business fundamentals look? Do top analysts think Social Leverage Acquisition I is a good buy? Why has SLAC's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if SLAC is a good stock to buy).
  5. Execute your SLAC buy order: Decide if you will purchase SLAC shares at the current market price or use a limit order to buy SLAC stock at a particular price.
  6. Get updates on your SLAC position: Create a watchlist to the latest updates on your position in Social Leverage Acquisition I stock.

Step 1: Choose where to buy Social Leverage Acquisition I stock

You need an online brokerage account in order to access the NASDAQ market and buy SLAC shares.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked the best brokerage, you need to fill out some personal info so you can invest in SLAC stock today.

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  1. Click here to get started.
  2. Input your personal info to open your new trading account.
  1. Submit your application by clicking the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have filled out your info on one of the best stock apps, you need to deposit funds:

Watch this video walkthrough if you need help transferring money into your new investment account.

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Step 4: Evaluate Social Leverage Acquisition I stock

Once you have selected the best place to buy Social Leverage Acquisition I stock, it's critical to research their stock before you buy, so you actually comprehend the risk as well as the upside.

Overview of key SLAC info

SLAC Price
$10.01
1w %
0.6%
1y %
3.09%
5y %
N/A
P/E
71.5x
P/B
-22.8x
P/S
N/A
PEG
0.27x
Revenue
$0.00
Earnings
$5.83M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$431.68M
Next Earnings
N/A
Next Dividend
N/A

Social Leverage Acquisition I Zen Score

WallStreetZen was created to help average investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on SLAC's stock page.

Is SLAC stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge SLAC's true value.

Using relative valuations metrics:

  • SLAC could be overvalued based on its P/E ratio of 71.5x, relative to Shell Companies industry P/E ratio of 15.87x
  • SLAC could be undervalued based on its PEG ratio of 0.27x

You can do more valuation research on SLAC's stock here.

SLAC Financial Health

Cons:

  • SLAC has $526.87k in cash and short term investments. This is not enough to cover its annual cash burn of $1.07M.
  • SLAC debt to equity ratio of -1.07 is negative.
  • There are more long-term liabilities than short-term assets on the SLAC balance sheet.
  • Total SLAC debt is still negative.
  • There are more short-term liabilities than short-term assets on the SLAC balance sheet.
  • SLAC has cash burn of 1066112. It does not have sufficient cash and short-term investments to cover this.

SLAC Technicals

SMA10
9.97
SMA20
9.99
SMA50
10
SMA100
9.95
SMA200
9.88
MACD
-0.01
MACD Signal
-0.01
MACD Histogram
0
RSI
52.94
Stochastic %K
53.51
Stochastic %D
47.08
StochRSI %K
57.8
StochRSI %D
50.43

Is SLAC Making Money?

Last year, SLAC earnings were $5.83M. Over the last one years, SLAC's earnings have increased by 366.67% per year. This was faster than the Shell Companies industry average of 91.79%.

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

Who is buying/selling SLAC?

In the past year, insiders at SLAC have not bought or sold any shares.

Research more about who owns SLAC stock here.

Does SLAC provide a stable income stream?

No, Social Leverage Acquisition I doesn't provide an income stream by paying out dividends.

SLAC Social Trading Data

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

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Step 5: Execute your SLAC buy order

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order allows you 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, use a limit order.

Press the Open button and eToro will execute your order.

If you require more help buying stocks on eToro, watch the helpful video below:

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Step 6: Get updates on your SLAC position

Now that you own some SLAC stock, you'll want to stay up-to-date on your company.

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

SLAC Feed

How to Buy Stock in Social Leverage Acquisition I

To reiterate, here are the 6 steps to buy stock in Social Leverage Acquisition I:

  1. Choose where to buy Social Leverage Acquisition I stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Social Leverage Acquisition I stock
  5. Execute your SLAC buy order
  6. Get updates on your SLAC position

If you are looking for a brokerage account, eToro is our recommended venue.

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If you would like to monitor your investment in Social Leverage Acquisition I, create a watchlist today.

NASDAQ: SLAC
$10.01+0.01 (+0.1%)
Updated Feb 6, 2023
Open eToro Account
NASDAQ: SLAC
$10.01+0.01 (+0.1%)
Updated Feb 6, 2023
Open eToro Account

FAQ

How much does it cost to buy one Social Leverage Acquisition I share?

As of Feb 6, 2023, it costs $10.01 to buy one share of Social Leverage Acquisition I stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.5 shares of SLAC.

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What is the best way to buy Social Leverage Acquisition I stock?

One way to place an order for Social Leverage Acquisition I 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.