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How to Buy Torm Stock

Torm PLC

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha.

Torm stock last closed at $35.34, down 5.33% from the previous day, and has increased 43.89% in one year. It has overperformed other stocks in the Oil & Gas Midstream industry by 0.12 percentage points. Torm stock is currently +58.4% from its 52-week low of $22.31, and -8.23% from its 52-week high of $38.51.

As of Jun 11, 2024, there are 92.2M TRMD shares outstanding. The market cap of TRMD is $3.26B. In the past 24 hours, 876,602 TRMD shares were traded.

How to Buy Torm Stock

Not sure how to invest in Torm stock? Here's how.
  1. Decide where to buy Torm stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Torm stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Choose your payment method and add your information.
  4. Research Torm stock: The Torm ticker symbol is TRMD. Is Torm stock a good investment? Should you buy shares of TRMD? How do TRMD's underlying business fundamentals look? Do top analysts think Torm is a good buy? Why has TRMD's stock price moved recently? (Hint: Our stock market research tools can help you decide if TRMD is a good stock to buy).
  5. Execute your TRMD buy order: Decide if you will purchase TRMD shares at the current market price or use a limit order to buy TRMD stock at a specific price.
  6. Get the latest news on your TRMD investment: Create a watchlist to watch your new investment in Torm stock.

Step 1: Decide where to buy Torm stock

You will need an online brokerage account in order to access the NASDAQ market and buy TRMD shares.

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

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Step 2: Create a brokerage account

Now that you've picked your brokerage, you need to fill out some personal information so you can invest in TRMD today.

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Step 3: Deposit money your brokerage account

Now that you have created your account on one of the most highly reviewed stock market apps, you need to deposit funds:

Check out the walkthrough below to see the process of transferring money into your brokerage account.

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Step 4: Research Torm stock

After you have figured out the best place to buy Torm stock, it's crucial to analyze their stock before you buy, so you actually understand the risk and opportunity.

Torm shares at a glance

TRMD Price
$35.34
1w %
-1.45%
1y %
43.89%
5y %
182.72%
P/E
4.47x
P/B
1.58x
P/S
2.07x
PEG
N/A
Revenue
$1.58B
Earnings
$672.50M
Fore. Rev. Growth
-16.51%
Fore. Earn. Growth
-13.9%
Market Cap
$3.26B
Next Earnings
N/A
Next Dividend
N/A

TRMD Due Diligence Checks

WallStreetZen was designed to help part-time investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on TRMD's stock page.

Is TRMD stock properly valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TRMD's true value.

Using relative valuations methods:

  • TRMD may be undervalued based on its P/E ratio of 4.47x, relative to Oil & Gas Midstream industry P/E ratio of 14.99x
  • TRMD may be undervalued based on its P/B ratio of 1.58x, relative to Oil & Gas Midstream industry P/B ratio of 2.38x

You can access additional valuation research on TRMD's stock here.

TRMD Financials at a glance

Positive Health Checks:

  • TRMD's operating cash flow of $796.70M allows it to safely service it's debt of $1.31B.
  • There are more short-term assets than short-term liabilities on the TRMD balance sheet.
  • TRMD earnings of $743.30M is not sufficient to cover its interest payments.
  • Total TRMD debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • TRMD profit margin has gone down from 43.5% to 42.7% in the past year.
  • There are more long-term liabilities than short-term assets on the TRMD balance sheet.
  • TRMD has a relatively high debt to equity ratio of 0.7.

Is Torm stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Equities analysts who give ratings on TRMD, the consensus analyst rating on TRMD is a Buy

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Torm stock forecast page.

TRMD Trading Indicators

SMA10
36.86
SMA20
37.31
SMA50
35.67
SMA100
35
SMA200
32
MACD
0.17
MACD Signal
0.45
MACD Histogram
-0.28
RSI
42.98
Stochastic %K
28.78
Stochastic %D
33.3
StochRSI %K
22.13
StochRSI %D
24.3

Is TRMD Making Money?

Last year, TRMD earnings were $672.50M. In the past 4 year, TRMD's earnings have increased by 30.95% per year. This was faster than the Oil & Gas Midstream industry average of 27.83%.

Last year, TRMD revenue was $1.58B. During the past five year, TRMD's revenue has increased by 19.07% per year. This was faster than the Oil & Gas Midstream industry average of 8.23%.

Learn more about TRMD's earnings and revenue performance here.

What are TRMD insiders up to?

In the last 12 months, insiders at TRMD have not bought or sold any shares.

Learn more about who owns TRMD stock here.

Can I get consistent income from TRMD stock?

Torm pays a dividend of 16.47%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.35%. If you owned $1,000 worth of TRMD stock, you would have been paid $164.69 in the past year.

Torm dividend payments have consistently grown over the past 5 years but have not remained stable.

Get more analysis about Torm dividend yield and history here.

Get opinions from other investors

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Step 5: Execute your TRMD buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.

Hit the Open button and eToro will place the order.

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Step 6: Get the latest news on your TRMD investment

Now that you own some TRMD stock, you'll want to stay up-to-date on your new investment.

Make a watchlist to keep tabs on your TRMD stock.

TRMD Feed

How to Buy Stock in Torm

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

  1. Decide where to buy Torm stock
  2. Create a brokerage account
  3. Deposit money your brokerage account
  4. Research Torm stock
  5. Execute your TRMD buy order
  6. Get the latest news on your TRMD investment

If you require a brokerage, eToro is our favorite venue.

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 would like to get updates on your new investment in Torm, create your watchlist below.

NASDAQ: TRMD
$35.34-1.99 (-5.33%)
Updated Jun 11, 2024
Open eToro Account
NASDAQ: TRMD
$35.34-1.99 (-5.33%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Torm share?

As of Jun 11, 2024, it costs $35.34 to buy one share of Torm stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.283 shares of TRMD.

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.

Is now a good time to buy Torm stock?

According to 1 Wall Street analysts who monitor Torm, their consensus recommendation is to buy Torm stock.

What is the best way to buy Torm stock?

One way to place an order for Torm 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.