How to Buy Steel Connect Stock
Steel Connect Inc
Steel Connect, Inc. , together with its subsidiaries, provides direct marketing and supply chain services in the United States, Mainland China, and internationally.
Steel Connect stock last closed at $10.53, up 7.18% from the previous day, and has increased 5.4% in one year. It has overperformed other stocks in the Advertising Agencies industry by 0.05 percentage points. Steel Connect stock is currently +65.85% from its 52-week low of $6.35, and -15.67% from its 52-week high of $12.48.
At the moment, there are 6.29M shares of STCN outstanding. The market value of STCN is $66.16M. In the last 24 hours, 16,870 STCN shares were traded.
How to Buy Steel Connect Stock
Not sure how to invest in Steel Connect stock? Here's how.
- Decide where to buy Steel Connect stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Steel Connect stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your method of payment and add your information.
- Evaluate Steel Connect stock: The Steel Connect ticker symbol is STCN. Is Steel Connect stock a good investment? Should you buy shares of STCN? How do STCN's underlying business fundamentals look? Do top analysts think Steel Connect is a good buy? Why has STCN's stock price moved recently? (Hint: Our stock market research tools can help you figure out if STCN is a good stock to buy).
- Make your STCN trade: Decide if you will purchase STCN shares at the current market price or use a limit order to buy STCN shares at a given price.
- Get notifications regarding your investment in STCN: Create a watchlist to keep track of your investment in Steel Connect stock.
Step 1: Decide where to buy Steel Connect stock
You need an online brokerage account to access the NASDAQ market and buy STCN stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% 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 invest in the stock.
- Access to world financial markets: From Technology to Energy, New York to Shanghai — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you are able to invest in STCN today.
How to Open a New Brokerage 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.
- Provide your personal details to start a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on the best stock app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help depositing money into your investment account.
Step 4: Evaluate Steel Connect stock
Once you have identified the best place to buy Steel Connect stock, it's very important to research their stock prior to buying, so you truly understand the risk and opportunity.
Steel Connect Metrics
Steel Connect Zen Score
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on STCN's stock page.
Is STCN stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge STCN's intrinsic value.
Using relative valuations metrics:
- STCN may be undervalued based on its P/E ratio of 10.6x, relative to Advertising Agencies industry P/E ratio of 27.85x
- STCN could be undervalued based on its P/B ratio of 0.86x, relative to Advertising Agencies industry P/B ratio of 3.24x
You can do additional valuation research on STCN's stock here.
STCN Financial Overview
Positive Financial Indicators:
- STCN earnings of $23.95M is not sufficient to cover its interest payments.
- STCN's operating cash flow of $14.60M allows it to safely service it's debt of $38.07M.
- There are more short-term assets than short-term liabilities on the STCN balance sheet.
- Total STCN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the STCN balance sheet.
Negative Financial Indicators:
- STCN has a relatively high debt to equity ratio of 1.26.
- STCN profit margin has gone down from 16.4% to 11% in the past year.
STCN Trading Indicators
How is STCN performing as a company?
Last year, STCN earnings were $18.83M. In the last 1 years, STCN's earnings have grown by -81% per year. This was slower than the Advertising Agencies industry average of -6.8%.
Last year, STCN revenue was $171.33M. Over the past five year, STCN's revenue has increased by -26.71% per year. This was slower than the Advertising Agencies industry average of 3.38%.
You can analyze STCN's earnings and revenue performance here.
Are STCN insiders buying or selling the stock?
In the past year, executives and large shareholders at STCN have bought more shares than they have sold.
Steel Partners Holdings LP, Director of STCN, was the latest STCN insider to buy. They bought $56.10 worth of STCN shares on Apr 12, 2024.
Learn more about who owns STCN shares here.
Can I get consistent income from STCN stock?
No, Steel Connect doesn't provide an income stream by paying out dividends.
What do other traders have to say about STCN?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your STCN trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you 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, use a limit order.
Hit the Open button and eToro will execute your order.
If you want more info about investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in STCN
Now that you own some STCN stock, you'll want to stay up-to-date on your shares.
Add STCN to a watchlist to track your STCN stock.
STCN Feed
How to Buy Stock in Steel Connect
To summarize, here are the 6 steps to buy Steel Connect stock:
- Decide where to buy Steel Connect stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Steel Connect stock
- Make your STCN trade
- Get notifications regarding your investment in STCN
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Steel Connect, add STCN to your watchlist below.
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