How to Buy Stoneridge Stock
Stoneridge Inc
Stoneridge is a auto part company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SRI on the NYSE exchange.
Stoneridge stock last closed at $15.25, down 0.85% from the previous day, and has decreased 18.45% in one year. It has underperformed other stocks in the Auto Parts industry by 0.1 percentage points. Stoneridge stock is currently +7.55% from its 52-week low of $14.18, and -37.78% from its 52-week high of $24.51.
At the moment, there are 27.55M SRI shares outstanding. The market capitalization of SRI is $420.19M. In the past 24 hours, 106,565 SRI shares were traded.
How to Buy Stoneridge Stock
Not sure how to invest in Stoneridge stock? Here's how.
- Figure out where to buy Stoneridge stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Stoneridge stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your payment method and add your information.
- Research Stoneridge stock: The Stoneridge ticker symbol is SRI. Is Stoneridge stock a good investment? Should you buy shares of SRI? How do SRI's underlying business fundamentals look? Do top analysts think Stoneridge is a good buy? Why has SRI's stock price moved recently? (Hint: Our stock market research website can help you figure out if SRI is a good stock to buy).
- Make your SRI buy order: Decide if you will purchase SRI shares at the current market price or use a limit order to buy SRI shares at a specific price.
- Watch your investment in SRI: Create a watchlist to get live updates on your investment in Stoneridge shares.
Step 1: Figure out where to buy Stoneridge stock
You need a brokerage account in order to access the NYSE market and buy SRI stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can 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 Technology to Healthcare, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal info so you can buy SRI stock today.
How to Set Up 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.
- Provide your personal details to open a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've created your account on one of the best stock trading apps, you need to deposit funds:
Check out the tutorial below for more details transferring money into your investment account.
Step 4: Research Stoneridge stock
Once you have chosen the best place to buy Stoneridge stock, it's absolutely critical to evaluate their stock before you invest, so you can comprehend the risk and upside.
Overview of key SRI info
SRI Zen Score
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on SRI's stock page.
How is SRI stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SRI's true value.
Using relative valuations measures:
- SRI may be undervalued based on its P/B ratio of 1.46x, relative to Auto Parts industry P/B ratio of 1.8x
You can access more valuation research on SRI's stock here.
SRI Financials at a glance
Positive Financial Indicators:
- SRI profit margin has gone up from -1.6% to -0.5% in the past year.
- There are more short-term assets than short-term liabilities on the SRI balance sheet.
- SRI has cash burn of 31683000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the SRI balance sheet.
Negative Financial Indicators:
- Total SRI debt is higher than 5 years ago, relative to shareholder equity.
- SRI has a relatively high debt to equity ratio of 1.36.
- SRI has $40.84M in cash and short term investments. This is not enough to cover its annual cash burn of $31.68M.
You can dig deeper into what analysts are forecasting on the Stoneridge stock forecast page.
SRI Trading Indicators
Is SRI Making Money?
Last year, SRI revenue was $975.82M. During the last five year, SRI's revenue has grown by 2.41% per year. This was slower than the Auto Parts industry average of 10.73%.
Learn more about SRI's earnings and revenue performance here.
Are SRI executives and large shareholders buying or selling the stock?
Over the last year, insiders at SRI have sold more shares than they have bought.
Susan C. Benedict, CHRO and Assistant GC of SRI, was the latest SRI insider to sell. They sold $23,590.00 worth of SRI shares on Mar 8, 2024.
Learn more about who owns SRI shares here.
Does SRI stock generate passive income?
No, Stoneridge doesn't provide an income stream by paying out dividends.
What do other investors have to say about SRI?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your SRI buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you need more info about buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in SRI
Now that you own some SRI stock, you'll want to keep up with your new investment.
Create a watchlist to get the latest updates about your SRI stock.
SRI Feed
How to Buy Stock in Stoneridge
To summarize, here are the 6 steps to buy Stoneridge stock:
- Figure out where to buy Stoneridge stock
- Sign up for your brokerage account
- Fund your investment account
- Research Stoneridge stock
- Make your SRI buy order
- Watch your investment in SRI
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Stoneridge, create a watchlist today.
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