WallStreetZenWallStreetZen

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 $2.62, down 2.24% from the previous day, and has decreased 62.57% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.93 percentage points. Sound Group stock is currently +19.63% from its 52-week low of $2.19, and -78.52% from its 52-week high of $12.20.

There are currently 1.06B shares of SOGP outstanding. The market capitalization of SOGP is $13.86M. In the past 24 hours, 17,369 SOGP shares were traded.

How to Buy Sound Group Stock

Not sure how to invest in Sound Group stock? Here's how.
  1. Decide where to buy Sound Group stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Sound Group stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Choose your method of payment and add your information.
  4. 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 website can help you figure out if SOGP is a good stock to buy).
  5. Place your SOGP trade: Decide if you will purchase SOGP shares at the current market price or use a limit order to purchase SOGP shares at a given price.
  6. Monitor your SOGP position: Create a watchlist to watch your position in Sound Group stock.

Step 1: Decide where to buy Sound Group stock

You will need an online brokerage account to access the NASDAQ market and buy SOGP shares.

A brokerage account enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our analysis, eToro is the best brokerage. Here's why:

  • Invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
  • Access to global markets: From Tech to Energy, New York to Hong Kong — you can fill your portfolio with stocks from the world's top stock exchanges.
  • Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your share purchase by creating an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open your brokerage account

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

How to Open a New Investment Account on eToro

  1. 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.
  2. Input your personal data to open your new brokerage account.
  1. Submit your details by clicking the "Create Account" button.
  2. 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.

Step 3: Fund your investment account

Now that you have opened your account on investing apps, you can securely and quickly fund your account:

Watch the walkthrough below to see the process of transferring funds into your investment account.

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.

Step 4: Research Sound Group stock

After you have chosen the best place to buy Sound Group stock, it's critical to analyze their stock prior to buying, so you actually comprehend the risk as well as the upside.

Sound Group shares quick numbers

SOGP Price
$2.62
1w %
-0.76%
1y %
-62.57%
5y %
N/A
P/E
3.11x
P/B
0.23x
P/S
0.05x
PEG
N/A
Revenue
$314.13M
Earnings
$4.79M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$13.86M
Next Earnings
May 23, 2024
Next Dividend
N/A

SOGP Overview

WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis quickly.

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

Is SOGP stock undervalued or overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge SOGP's intrinsic value.

Using relative valuations methods:

  • SOGP could be undervalued based on its P/E ratio of 3.11x, relative to Internet Content & Information industry P/E ratio of 16.44x
  • SOGP could be undervalued based on its P/B ratio of 0.23x, relative to Internet Content & Information industry P/B ratio of 6.75x

You can access additional valuation research on SOGP's stock here.

A look at SOGP Cashflows and Balance Sheet

Signs that SOGP is financially healthy:

  • There are more short-term assets than long-term liabilities on the SOGP balance sheet.
  • There are more short-term assets than short-term liabilities on the SOGP balance sheet.

Signs that SOGP is not financially healthy:

  • SOGP profit margin has gone down from 3% to 1.5% in the past year.
  • SOGP has a relatively high debt to equity ratio of 0.66.

Metrics for Advanced SOGP Traders

SMA10
2.62
SMA20
2.73
SMA50
3.19
SMA100
3.07
SMA200
3.7
MACD
-0.16
MACD Signal
-0.18
MACD Histogram
0.02
RSI
37.85
Stochastic %K
39.14
Stochastic %D
35.35
StochRSI %K
91.3
StochRSI %D
77.25

Is SOGP Making Money?

Last year, SOGP earnings were $4.79M. In the past 1 years, SOGP's earnings have gone up by -57.56% per year. This was slower than the Internet Content & Information industry average of 22.57%.

Last year, SOGP revenue was $314.13M. Over the last four year, SOGP's revenue has gone up by 19.95% per year. This was faster than the Internet Content & Information industry average of 19.23%.

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:

Open eToro Account

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:

  1. Decide where to buy Sound Group stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Research Sound Group stock
  5. Place your SOGP trade
  6. Monitor your SOGP position

If you are looking for a brokerage, eToro is our favorite 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 Sound Group, get started below.

NASDAQ: SOGP
$2.62-0.06 (-2.24%)
Updated May 20, 2024
Open eToro Account
NASDAQ: SOGP
$2.62-0.06 (-2.24%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sound Group share?

As of May 20, 2024, it costs $2.62 to buy one share of Sound Group 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 0.382 shares of SOGP.

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.

What is the best way to buy Sound Group stock?

One way to place an order for Sound Group 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.