How to Buy Sound Group Stock
Sound Group Inc
Sound Group Inc. operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate.
Sound Group stock last closed at $2.17, down 2.3% from the previous day, and has decreased 25.41% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.27 percentage points. Sound Group stock is currently +45.57% from its 52-week low of $1.49, and -26.97% from its 52-week high of $2.97.
At the moment, there are 987.11M SOGP shares outstanding. The market capitalization of SOGP is $10.71M. In the last 24 hours, 27,751 SOGP shares were traded.
How to Buy Sound Group Stock
Wondering how to invest in Sound Group stock? Here's how.
- Decide where to buy Sound Group stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Sound Group stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your details.
- Research Sound Group stock: The Sound Group ticker symbol is SOGP. Is Sound Group stock a good investment? Should you buy shares of SOGP? How do SOGP's underlying business fundamentals look? Do top analysts think Sound Group is a good buy? Why has SOGP's stock price moved recently? (Hint: Our stock market research tools can help you understand if SOGP is a good stock to buy).
- Place your SOGP trade: Decide if you will purchase SOGP shares at the current market price or use a limit order to buy SOGP stock at a particular price.
- Monitor your SOGP position: Create a watchlist to keep track of your investment in Sound Group shares.
Step 1: Decide where to buy Sound Group stock
You need an online brokerage account in order to access the NASDAQ market and buy SOGP shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to buy SOGP stock today.
How to Create 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.
- Enter your personal details to start a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on the best stock app, your next step is to transfer the money for your investment:
Check out the video below for more details depositing money into your investment account.
Step 4: Research Sound Group stock
After you have figured out the best place to buy Sound Group stock, it's absolutely critical to evaluate their stock prior to buying, so you truly understand the risk and upside.
Sound Group Metrics
SOGP Due Diligence Checks
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on SOGP's stock page.
Is SOGP stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge SOGP's intrinsic value.
Using relative valuations ratios:
- SOGP could be undervalued based on its P/B ratio of 0.33x, relative to Internet Content & Information industry P/B ratio of 5.82x
You can access more valuation research on SOGP's stock here.
SOGP Financial Overview
Signs that SOGP is financially healthy:
- SOGP has cash burn of 5108618. It has sufficient cash and short-term investments to cover this for at least one year.
- SOGP profit margin has gone up from -6.1% to -3.4% in the past year.
- SOGP has $61.99M in cash and short term investments. This is enough to cover its annual cash burn of $5.11M.
- Total SOGP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the SOGP balance sheet.
- There are more short-term assets than long-term liabilities on the SOGP balance sheet.
Signs that SOGP is not financially healthy:
- SOGP has a relatively high debt to equity ratio of 1.31.
SOGP Technicals
SOGP Earnings
Last year, SOGP revenue was $277.95M. Over the last five year, SOGP's revenue has gone up by 10.54% per year. This was slower than the Internet Content & Information industry average of 18.29%.
Dive into SOGP's earnings and revenue performance here.
Are SOGP executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at SOGP have not bought or sold any shares.
Learn more about who owns SOGP stock here.
Does SOGP stock generate passive income?
No, Sound Group doesn't provide an income stream by paying out dividends.
What do other investors have to say about SOGP?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your SOGP trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order is an order 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 particular dollar amount, place a limit order.
Hit the Open button and your broker will place your order.
If you need additional help investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your SOGP position
Now that you own some SOGP stock, you'll want to stay up-to-date on your investment.
Start a watchlist to keep track of your SOGP stock.
SOGP Feed
How to Buy Stock in Sound Group
To reiterate, here are the 6 steps for buying Sound Group stock:
- Decide where to buy Sound Group stock
- Open your brokerage account
- Fund your investment account
- Research Sound Group stock
- Place your SOGP trade
- Monitor your SOGP position
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Sound Group, get started below.
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