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How to Buy Solo Brands Stock

Solo Brands Inc

Solo Brands is a internet retail company located in Texas, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker DTC on the NYSE exchange.

Solo Brands stock last closed at $2.10, up 1.94% from the previous day, and has decreased 69.52% in one year. It has underperformed other stocks in the Internet Retail industry by 0.89 percentage points. Solo Brands stock is currently +3.96% from its 52-week low of $2.02, and -76.29% from its 52-week high of $8.86.

At the moment, there are 91.18M DTC shares outstanding. The market capitalization of DTC is $191.47M. In the last 24 hours, 500,206 DTC shares were traded.

How to Buy Solo Brands Stock

Wondering how to invest in Solo Brands stock? Here's how.
  1. Decide where to buy Solo Brands stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Solo Brands stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Pick your method of payment and add your information.
  4. Analyze Solo Brands stock: The Solo Brands ticker symbol is DTC. Is Solo Brands stock a good investment? Should you buy shares of DTC? How do DTC's underlying business fundamentals look? Do top analysts think Solo Brands is a good buy? Why has DTC's stock price moved recently? (Hint: Our stock research website can help you understand if DTC is a good stock to buy).
  5. Place your DTC buy order: Decide if you will purchase DTC shares at the current market price or use a limit order to buy DTC shares at a given price.
  6. Get notifications regarding your DTC position: Create a watchlist to keep tabs on your investment in Solo Brands shares.

Step 1: Decide where to buy Solo Brands stock

You need an online brokerage account to access the NYSE market and buy DTC shares.

A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen the best brokerage, it's time to fill out some personal info so you are able to buy DTC today.

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Step 3: Fund your brokerage account

Now that you've finished signing up on the best stock market app for beginners, you can securely and quickly fund your account:

Check out the walkthrough below to see the process of depositing funds into your new investment account.

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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 Solo Brands stock

Once you have identified the best place to buy Solo Brands stock, it's absolutely critical to analyze their stock prior to investing, so you actually understand the risk as well as the upside.

Solo Brands quick stats

DTC Price
$2.10
1w %
-6.67%
1y %
-69.52%
5y %
N/A
P/E
-1.14x
P/B
0.79x
P/S
0.26x
PEG
N/A
Revenue
$494.78M
Earnings
-$111.35M
Fore. Rev. Growth
0.21%
Fore. Earn. Growth
N/A
Market Cap
$191.47M
Next Earnings
May 4, 2024
Next Dividend
N/A

DTC Due Diligence Checks

WallStreetZen was built to help everyday investors do more accurate fundamental analysis.

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

Is DTC stock properly valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge DTC's true value.

Using relative valuations measures:

  • DTC could be undervalued based on its P/B ratio of 0.79x, relative to Internet Retail industry P/B ratio of 5.71x

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

DTC Financial Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the DTC balance sheet.
  • DTC's operating cash flow of $62.42M allows it to safely service it's debt of $173.89M.

Failed Financial Due Diligence Checks:

  • There are more long-term liabilities than short-term assets on the DTC balance sheet.
  • DTC profit margin has gone down from -1% to -22.5% in the past year.
  • DTC has a relatively high debt to equity ratio of 1.19.
  • DTC earnings of -$136.57M is not enough to cover its interest payments.

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

Out of 6 sell side analysts who give recommendations on DTC, the consensus analyst rating on Solo Brands is a Hold

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

Most Recent DTC Analyst Ratings

Wendy Nicholson, a bottom 7% analyst from Citigroup downgrades DTC to a hold rating and lowers their DTC price target from $10.00 to $4.00, on Jan 10, 2024.

You can dive deeper into what analysts are projecting on the Solo Brands stock forecast page.

DTC Trading Indicators

SMA10
2.16
SMA20
2.35
SMA50
2.61
SMA100
3.8
SMA200
4.48
MACD
-0.19
MACD Signal
-0.2
MACD Histogram
0
RSI
36.04
Stochastic %K
12.83
Stochastic %D
16.12
StochRSI %K
74.18
StochRSI %D
77.74

DTC Performance Numbers

Last year, DTC revenue was $494.78M. In the past 2 year, DTC's revenue has increased by 10.7% per year. This was slower than the Internet Retail industry average of 26.18%.

You can analyze DTC's earnings and revenue performance here.

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

In the last year, insiders at DTC have sold more shares than they have bought.

Christopher T. Metz, President CEO of DTC, was the latest DTC insider to buy. They bought $226,600.00 worth of DTC stock on Mar 15, 2024.

Learn more about who owns DTC shares here.

Does DTC provide a stable income stream?

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

DTC Social Trading Data

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Place your DTC buy order

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.

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

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Step 6: Get notifications regarding your DTC position

Now that you own some DTC stock, you'll want to stay up-to-date on your new shares.

Create a watchlist to get notified of the latest news about your DTC stock.

DTC Feed

How to Buy Stock in Solo Brands

To reiterate, here are the 6 steps to buy stock in Solo Brands:

  1. Decide where to buy Solo Brands stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Analyze Solo Brands stock
  5. Place your DTC buy order
  6. Get notifications regarding your DTC position

If you are looking for a place to buy stocks, eToro is our recommended 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 want to get the latest news on your new investment in Solo Brands, get started below.

NYSE: DTC
$2.10+0.04 (+1.94%)
Updated Mar 27, 2024
Open eToro Account
NYSE: DTC
$2.10+0.04 (+1.94%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Solo Brands share?

As of Mar 27, 2024, it costs $2.10 to buy one share of Solo Brands stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.476 shares of DTC.

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 Solo Brands stock?

According to 6 Wall Street analysts who monitor Solo Brands, their consensus recommendation is to hold Solo Brands stock.

What is the best way to buy Solo Brands stock?

One way to place an order for Solo Brands 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.