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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 $12.32, down 1.6% from the previous day, and has increased 69.23% in one year. It has overperformed other stocks in the Business Equipment & Supplies industry by 0.33 percentage points. Steelcase stock is currently +73.52% from its 52-week low of $7.10, and -15.27% from its 52-week high of $14.54.

At the moment, there are 114.73M SCS shares outstanding. The market value of SCS is $1.41B. In the last 24 hours, 455,802 SCS shares were traded.

How to Buy Steelcase Stock

Wondering how to invest in Steelcase stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Choose your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

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

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Step 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.

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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:

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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 Price
$12.32
1w %
-6.88%
1y %
69.23%
5y %
-28.08%
P/E
18.12x
P/B
1.59x
P/S
0.45x
PEG
0.71x
Revenue
$3.16B
Earnings
$81.10M
Fore. Rev. Growth
3.3%
Fore. Earn. Growth
28.34%
Market Cap
$1.41B
Next Earnings
Jun 19, 2024
Next Dividend
N/A

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 18.12x, relative to Business Equipment & Supplies industry P/E ratio of 18.74x
  • SCS could be overvalued based on its P/B ratio of 1.59x, relative to Business Equipment & Supplies industry P/B ratio of 1.51x
  • SCS could be undervalued based on its PEG ratio of 0.71x

You can do additional valuation analysis on SCS's stock here.

SCS Financial Health Summary

Passed Health Checks:

  • SCS profit margin has gone up from 1.1% to 2.6% in the past year.
  • There are more short-term assets than short-term liabilities on the SCS balance sheet.
  • There are more short-term assets than long-term liabilities on the SCS balance sheet.
  • SCS earnings of $133.00M is not enough to cover its interest payments.
  • SCS's operating cash flow of $308.70M allows it to safely service it's debt of $630.00M.
  • Total SCS debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • SCS has a relatively high debt to equity ratio of 1.52.

You can dive deeper into what analysts are projecting on the Steelcase stock forecast page.

SCS Momentum

SMA10
12.98
SMA20
13.15
SMA50
12.72
SMA100
12.79
SMA200
12.08
MACD
-0.05
MACD Signal
0.09
MACD Histogram
-0.14
RSI
38.58
Stochastic %K
16.65
Stochastic %D
11.96
StochRSI %K
0
StochRSI %D
1.25

How are SCS Revenues/Earnings doing?

Last year, SCS earnings were $81.10M. During 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 -11.69%.

Last year, SCS revenue was $3.16B. In the last 5 year, SCS's revenue has gone up by -1.7% per year. This was slower than the Business Equipment & Supplies industry average of 1.94%.

Dig into SCS's earnings and revenue performance here.

Who is buying/selling SCS?

In the last 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 stock on Apr 15, 2024.

Dig into more about who owns SCS stock here.

Does SCS provide a stable income stream?

Steelcase pays a dividend of 3.25%, compared to the Business Equipment & Supplies industry's average dividend yield of 4.26%. If you owned $1,000 worth of SCS stock, you would have received $32.47 in the past 12 months.

Steelcase dividend payments have not consistently grown over the past decade and have not remained stable.

Dig into more data about Steelcase dividend yield and history here.

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Step 5: Make your SCS buy order

You have 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 mostly fine.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price, use a limit order.

Press the Open button and your broker will execute your order.

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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 shares.

Make a watchlist to track the latest developments regarding your SCS stock.

SCS Feed

How to Buy Stock in Steelcase

To summarize, here are the 6 steps you need to take to buy Steelcase stock right now:

  1. Figure out where to buy Steelcase stock
  2. Create your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Steelcase stock
  5. Make your SCS buy order
  6. Keep tabs on your SCS position

If you are looking for a online brokerage, eToro is our recommended option.

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 watch your new investment in Steelcase, add SCS to your watchlist below.

NYSE: SCS
$12.32-0.20 (-1.6%)
Updated Jun 11, 2024
Open eToro Account
NYSE: SCS
$12.32-0.20 (-1.6%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Steelcase share?

As of Jun 11, 2024, it costs $12.32 to buy one share of Steelcase stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $6, you can buy 0.487 shares of SCS.

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 Steelcase stock?

One way to place an order for Steelcase 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.