How to Buy Steelcase Stock
Steelcase Inc
Steelcase is a business equipment & supply company located in Michigan, United States, which is part of the Industrials sector, and is traded under the ticker SCS on the NYSE exchange.
Steelcase stock last closed at $12.42, up 1.97% from the previous day, and has increased 48.74% in one year. It has overperformed other stocks in the Business Equipment & Supplies industry by 0.14 percentage points. Steelcase stock is currently +94.37% from its 52-week low of $6.39, and -14.58% from its 52-week high of $14.54.
At the moment, there are 114.73M SCS shares outstanding. The market value of SCS is $1.42B. In the last 24 hours, 530,284 SCS shares were traded.
How to Buy Steelcase Stock
Wondering how to invest in Steelcase stock? Here's how.
- Figure out where to buy Steelcase stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Steelcase stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Analyze Steelcase stock: The Steelcase ticker symbol is SCS. Is Steelcase stock a good investment? Should you buy shares of SCS? How do SCS's underlying business fundamentals look? Do top analysts think Steelcase is a good buy? Why has SCS's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if SCS is a good stock to buy).
- Make your SCS buy order: Decide if you will purchase SCS shares at the current market price or use a limit order to buy SCS shares at a given price.
- Keep tabs on your SCS position: Create a watchlist to monitor your position in Steelcase shares.
Step 1: Figure out where to buy Steelcase stock
You will need a brokerage account to access the NYSE market and buy SCS shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock 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 buy the stock.
- Access to global markets: From Tech to Financial Services, New York to London — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you can invest in SCS 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.
- Input your personal details to create your new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on the best stock investing app, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing money into your new brokerage account.
Step 4: Analyze Steelcase stock
Once you have chosen the best place to buy Steelcase stock, it's crucial to evaluate their stock before you invest, so you actually wrap your head around the risk and upside.
Steelcase quick stats
SCS Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on SCS's stock page.
How is SCS stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SCS's fair value.
Using relative valuations methods:
- SCS could be undervalued based on its P/E ratio of 18.26x, relative to Business Equipment & Supplies industry P/E ratio of 21.15x
- SCS could be overvalued based on its P/B ratio of 1.61x, relative to Business Equipment & Supplies industry P/B ratio of 1.47x
You can access more valuation analysis on SCS's stock here.
SCS Financial Overview
Passed Health Checks:
- SCS's operating cash flow of $308.70M allows it to safely service it's debt of $630.00M.
- SCS profit margin has gone up from 1.1% to 2.6% in the past year.
- There are more short-term assets than long-term liabilities on the SCS balance sheet.
- Total SCS debt is lower than 5 years ago, relative to shareholder equity.
- SCS earnings of $133.00M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the SCS balance sheet.
Failed Health Checks:
- SCS has a relatively high debt to equity ratio of 1.52.
You can dig deeper into what analysts are forecasting on the Steelcase stock forecast page.
SCS Technical Indicators
SCS Growth Numbers
Last year, SCS earnings were $81.10M. In the last five year, SCS's earnings have increased by -8.5% per year. This was faster than the Business Equipment & Supplies industry average of -15.66%.
Last year, SCS revenue was $3.16B. During the past five year, SCS's revenue has grown by -1.7% per year. This was slower than the Business Equipment & Supplies industry average of 0.11%.
Dive into SCS's earnings and revenue performance here.
Are SCS insiders buying or selling the stock?
Over the past year, executives and large shareholders at SCS have sold more shares than they have bought.
Sara E. Armbruster, President and CEO of SCS, was the latest SCS insider to sell. They sold $531,756.50 worth of SCS shares on Apr 15, 2024.
Learn more about who owns SCS stock here.
Does SCS provide a stable income stream?
Steelcase pays a dividend of 3.22%, compared to the Business Equipment & Supplies industry's average dividend yield of 4.34%. If you owned $1,000 worth of SCS stock, you would have been paid $32.21 last year.
Steelcase dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Steelcase dividend yield and history here.
What do other traders have to say about SCS?
One of the major 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: Make your SCS buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you 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 need more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your SCS position
Now that you own some shares in SCS, you'll want to stay up-to-date on your new shares.
Put SCS on a watchlist to track your SCS stock.
SCS Feed
How to Buy Stock in Steelcase
To reiterate, here are the 6 steps to buy stock in Steelcase:
- Figure out where to buy Steelcase stock
- Create your brokerage account
- Deposit funds into your investment account
- Analyze Steelcase stock
- Make your SCS buy order
- Keep tabs on your SCS position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Steelcase, hit the button below to create your watchlist.
Related "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.