How to Buy Standard Motor Products Stock
Standard Motor Products Inc
Standard Motor Products is a auto part company located in New York, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SMP on the NYSE exchange.
Standard Motor Products stock last closed at $33.09, up 0.06% from the previous day, and has decreased 9.14% in one year. It has underperformed other stocks in the Auto Parts industry by 0.01 percentage points. Standard Motor Products stock is currently +9.97% from its 52-week low of $30.09, and -20.66% from its 52-week high of $41.71.
There are currently 21.92M SMP shares outstanding. The market value of SMP is $725.29M. In the past 24 hours, 87,890 SMP shares were traded.
How to Buy Standard Motor Products Stock
Not sure how to invest in Standard Motor Products stock? Here's how.
- Choose where to buy Standard Motor Products stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Standard Motor Products stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Evaluate Standard Motor Products stock: The Standard Motor Products ticker symbol is SMP. Is Standard Motor Products stock a good investment? Should you buy shares of SMP? How do SMP's underlying business fundamentals look? Do top analysts think Standard Motor Products is a good buy? Why has SMP's stock price moved recently? (Hint: Our stock research website can help you figure out if SMP is a good stock to buy).
- Execute your SMP trade: Decide if you will purchase SMP shares at the current market price or use a limit order to purchase SMP stock at a specific price.
- Get the latest scoop on your investment in SMP: Create a watchlist to get live updates on your position in Standard Motor Products shares.
Step 1: Choose where to buy Standard Motor Products stock
You will need an online brokerage account in order to access the NYSE market and buy SMP stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal info so you can invest in SMP stock today.
How to Start a New Investment 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 info to open a new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Watch the video below to see the process of transferring money into your new brokerage account.
Step 4: Evaluate Standard Motor Products stock
After you have decided on the best place to buy Standard Motor Products stock, it's absolutely critical to research their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
Standard Motor Products stock data
Fundamentals of SMP
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on SMP's stock page.
Is SMP stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SMP's intrinsic value.
Using relative valuations metrics:
- SMP could be undervalued based on its P/E ratio of 21.08x, relative to Auto Parts industry P/E ratio of -163.02x
- SMP could be undervalued based on its P/B ratio of 1.14x, relative to Auto Parts industry P/B ratio of 1.8x
You can access more valuation analysis on SMP's stock here.
Is SMP a healthy company?
Pros:
- There are more short-term assets than short-term liabilities on the SMP balance sheet.
- There are more short-term assets than long-term liabilities on the SMP balance sheet.
- SMP's operating cash flow of $144.26M allows it to safely service it's debt of $245.19M.
Cons:
- Total SMP debt is higher than 5 years ago, relative to shareholder equity.
- SMP has a relatively high debt to equity ratio of 1.01.
- SMP profit margin has gone down from 4% to 2.5% in the past year.
- SMP earnings of $65.80M is not sufficient to cover its interest payments.
You can dig deeper into what analysts are saying on the Standard Motor Products stock forecast page.
Metrics for Advanced SMP Traders
SMP Earnings
Last year, SMP earnings were $34.15M. Over the last 5 year, SMP's earnings have grown by -3.84% per year. This was slower than the Auto Parts industry average of 4.36%.
Last year, SMP revenue was $1.36B. Over the past five year, SMP's revenue has gone up by 4.46% per year. This was slower than the Auto Parts industry average of 10.73%.
Dive into SMP's earnings and revenue performance here.
What are SMP executives and large shareholders up to?
In the last year, insiders at SMP have sold more shares than they have bought.
Carmine Joseph Broccole, CLO Secretary of SMP, was the latest SMP insider to sell. They sold $43,033.95 worth of SMP stock on Nov 10, 2023.
Get more info about who owns SMP stock here.
Does SMP provide a stable income stream?
Standard Motor Products pays a dividend of 3.51%, compared to the Auto Parts industry's average dividend yield of 2.63%. If you owned $1,000 worth of SMP stock, you would have been paid $35.06 in the past 12 months.
Standard Motor Products dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Standard Motor Products dividend yield and history here.
What others are saying about SMP
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your SMP trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Press the Open Trade button and eToro will place your order.
If you need additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in SMP
Now that you own some SMP stock, you'll want to keep up with your new shares.
Make a watchlist to keep tabs on your SMP stock.
SMP Feed
How to Buy Stock in Standard Motor Products
To summarize, here are the 6 steps to buy Standard Motor Products stock:
- Choose where to buy Standard Motor Products stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Evaluate Standard Motor Products stock
- Execute your SMP trade
- Get the latest scoop on your investment in SMP
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Standard Motor Products, click the button below.
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