How to Buy Tigo Energy Stock
Tigo Energy Inc
Tigo Energy, Inc. provides intelligent solar and energy storage solutions. It develops and manufactures smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.
Tigo Energy stock last closed at $1.07, up 12.63% from the previous day, and has decreased 89.63% in one year. It has underperformed other stocks in the Solar industry by 0.41 percentage points. Tigo Energy stock is currently +24.42% from its 52-week low of $0.86, and -96.04% from its 52-week high of $27.00.
At the moment, there are 59.69M TYGO shares outstanding. The market capitalization of TYGO is $63.87M. In the past 24 hours, 43,534 TYGO shares were traded.
How to Buy Tigo Energy Stock
Not sure how to invest in Tigo Energy stock? Here's how.
- Choose where to buy Tigo Energy stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Tigo Energy stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your method of payment and add your info.
- Analyze Tigo Energy stock: The Tigo Energy ticker symbol is TYGO. Is Tigo Energy stock a good investment? Should you buy shares of TYGO? How do TYGO's underlying business fundamentals look? Do top analysts think Tigo Energy is a good buy? Why has TYGO's stock price moved recently? (Hint: Our stock market analysis website can help you understand if TYGO is a good stock to buy).
- Make your TYGO purchase: Decide if you will purchase TYGO shares at the current market price or use a limit order to purchase TYGO shares at a specific price.
- Get the latest scoop on your TYGO position: Create a watchlist to keep track of your investment in Tigo Energy shares.
Step 1: Choose where to buy Tigo Energy stock
You will need a brokerage account to access the NASDAQ market and buy TYGO stock.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you are able to buy TYGO 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.
- Enter your personal info to open your new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on the best stock market app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of transferring money into your brokerage account.
Step 4: Analyze Tigo Energy stock
Once you have figured out the best place to buy Tigo Energy stock, it's very important to evaluate their stock before you buy, so you actually comprehend the risk and upside.
Tigo Energy shares data
TYGO Due Diligence Checks
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on TYGO's stock page.
Is TYGO stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge TYGO's true value.
Using relative valuations measures:
- TYGO may be undervalued based on its P/B ratio of 1.02x, relative to Solar industry P/B ratio of 2.5x
You can do additional valuation analysis on TYGO's stock here.
TYGO Financial Summary
Signs that TYGO is financially healthy:
- TYGO profit margin has gone up from -16.5% to -3% in the past year.
- There are more short-term assets than short-term liabilities on the TYGO balance sheet.
- There are more short-term assets than long-term liabilities on the TYGO balance sheet.
Signs that TYGO is not financially healthy:
- TYGO has a relatively high debt to equity ratio of 1.03.
- TYGO has $31.21M in cash and short term investments. This is not sufficient to cover its annual cash burn of $39.34M.
- TYGO has cash burn of 39336000. It does not have sufficient cash and short-term investments to cover this.
Do analysts think it's a good time to buy Tigo Energy stock
Out of 2 Equities analysts who give forecasts on TYGO, the consensus analyst rating on Tigo Energy is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Tigo Energy stock forecast page.
TYGO Technicals
TYGO Performance Metrics
Last year, TYGO revenue was $145.23M. During the last two year, TYGO's revenue has increased by 82.42% per year. This was faster than the Solar industry average of 24.26%.
Dig into TYGO's earnings and revenue performance here.
Latest Insiders Trades at TYGO
In the last year, executives and large shareholders at TYGO have bought more shares than they have sold.
Zvi Alon, Chief Executive Officer of TYGO, was the latest TYGO insider to buy. They bought $77,100.00 worth of TYGO stock on Mar 13, 2024.
Research more about who owns TYGO shares here.
Can I get consistent income from TYGO stock?
No, Tigo Energy doesn't provide an income stream by paying out dividends.
TYGO Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your TYGO purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables 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 given price limit, place a limit order.
Click the Open Trade button and eToro will place your order.
If you require more info about buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your TYGO position
Now that you own some TYGO shares, you'll want to keep up with your investment.
Start a watchlist to track the latest developments regarding your TYGO stock.
TYGO Feed
How to Buy Stock in Tigo Energy
To reiterate, here are the 6 steps to buy stock in Tigo Energy:
- Choose where to buy Tigo Energy stock
- Create your brokerage account
- Deposit money your investment account
- Analyze Tigo Energy stock
- Make your TYGO purchase
- Get the latest scoop on your TYGO position
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Tigo Energy, create a watchlist on WallStreetZen today.
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