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 $33.35, up 1.77% from the previous day, and has decreased 1.16% in one year. It has underperformed other stocks in the Oil & Gas Midstream industry by 0.18 percentage points. Torm stock is currently +49.48% from its 52-week low of $22.31, and -10.13% from its 52-week high of $37.11.
As of Apr 23, 2024, there are 86.23M TRMD shares outstanding. The market cap of TRMD is $2.88B. In the past 24 hours, 512,875 TRMD shares were traded.
How to Buy Torm Stock
Not sure how to invest in Torm stock? Here's how.
- 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.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your information.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 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.
How to Open 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 details to create your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
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.
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 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 4.3x, relative to Oil & Gas Midstream industry P/E ratio of 14.02x
- TRMD may be undervalued based on its P/B ratio of 1.73x, relative to Oil & Gas Midstream industry P/B ratio of 2.33x
- TRMD could be undervalued based on its PEG ratio of 0.16x
You can access more valuation analysis on TRMD's stock here.
TRMD Financial Health Summary
Positive Health Checks:
- TRMD's operating cash flow of $805.05M allows it to safely service it's debt of $1.06B.
- TRMD earnings of $713.16M is not sufficient to cover its interest payments.
- TRMD profit margin has gone up from 39% to 42.6% in the past year.
- There are more short-term assets than short-term liabilities on the TRMD balance sheet.
- Total TRMD debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- 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 0.72.
Is Torm stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who track TRMD, the consensus analyst rating on Torm is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Torm stock forecast page.
TRMD Technicals
How is TRMD performing as a company?
Last year, TRMD earnings were $648.27M. Over the past four year, TRMD's earnings have increased by 36.38% per year. This was faster than the Oil & Gas Midstream industry average of 21.12%.
Last year, TRMD revenue was $1.52B. Over the last five year, TRMD's revenue has grown by 19.07% per year. This was faster than the Oil & Gas Midstream industry average of 7.44%.
Dive into TRMD's earnings and revenue performance here.
What are TRMD insiders up to?
Over the past 12 months, insiders at TRMD have not bought or sold any shares.
Dig into more about who owns TRMD shares here.
Does TRMD provide a stable income stream?
Torm pays a dividend of 17.33%, compared to the Oil & Gas Midstream industry's average dividend yield of 5.94%. If you owned $1,000 worth of TRMD stock, you would have been paid $173.31 last year.
Torm dividend payments have consistently grown over the past 5 years but have not remained stable.
Dig into more info about Torm dividend yield and history here.
What others are saying about TRMD
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your TRMD buy order
You have 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 easiest way to buy. - Limit order: A limit order lets you buy or sell a stock 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.
Press the Open button and eToro will place your order.
If you want more help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your TRMD investment
Now that you own some TRMD shares, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to monitor your TRMD stock.
TRMD Feed
How to Buy Stock in Torm
To reiterate, here are the 6 steps to buy stock in Torm:
- Decide where to buy Torm stock
- Create a brokerage account
- Deposit money your brokerage account
- Research Torm stock
- Execute your TRMD buy order
- Get the latest news on your TRMD investment
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Torm, create a watchlist on WallStreetZen today.
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