How to Buy Toro Stock
Toro Corp
Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide.
Toro stock last closed at $2.99, down 3.24% from the previous day, and has decreased 18.75% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.1 percentage points. Toro stock is currently +75.88% from its 52-week low of $1.70, and -21.32% from its 52-week high of $3.80.
There are currently 19.09M shares of TORO outstanding. The market capitalization of TORO is $57.09M. In the past 24 hours, 77,000 TORO shares were traded.
How to Buy Toro Stock
Wondering how to invest in Toro stock? Here's how.
- Decide where to buy Toro stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Toro stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your details.
- Evaluate Toro stock: The Toro ticker symbol is TORO. Is Toro stock a good investment? Should you buy shares of TORO? How do TORO's underlying business fundamentals look? Do top analysts think Toro is a good buy? Why has TORO's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if TORO is a good stock to buy).
- Make your TORO purchase: Decide if you will purchase TORO shares at the current market price or use a limit order to purchase TORO shares at a particular price.
- Keep an eye on your investment in TORO: Create a watchlist to the latest updates on your investment in Toro shares.
Step 1: Decide where to buy Toro stock
You will need an online brokerage account in order to access the NASDAQ market and buy TORO shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can invest in TORO stock today.
How to Set Up a New Investment 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.
- Input your personal details to start a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on stock market app, you need to deposit funds:
Check out the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Evaluate Toro stock
Once you have decided on the best place to buy Toro stock, it's absolutely critical to research their stock before you buy, so you truly understand the risk and upside.
Toro shares data
Toro Overview
WallStreetZen was built to help part-time investors perform better fundamental analysis.
You can view all of the due diligence checks on TORO's stock page.
Is TORO stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge TORO's true value.
Using relative valuations ratios:
- TORO may be overvalued based on its P/E ratio of 498.33x, relative to Marine Shipping industry P/E ratio of 9.6x
- TORO may be undervalued based on its P/B ratio of 0.28x, relative to Marine Shipping industry P/B ratio of 0.83x
You can access additional valuation analysis on TORO's stock here.
A look at TORO Cashflows and Balance Sheet
Passed Health Checks:
- TORO has cash burn of 19837220. It has sufficient cash and short-term investments to cover this for at least one year.
- TORO has $106.72M in cash and short term investments. This is enough to cover its annual cash burn of $19.84M.
- TORO has a low debt to equity ratio of 0.03.
- There are more short-term assets than short-term liabilities on the TORO balance sheet.
- There are more short-term assets than long-term liabilities on the TORO balance sheet.
Failed Health Checks:
- TORO profit margin has gone down from 302.6% to 0.7% in the past year.
TORO Trading Indicators
Is TORO Making Money?
Last year, TORO earnings were $161.64k. During the last 2 year, TORO's earnings have grown by -97.16% per year. This was slower than the Marine Shipping industry average of 14.7%.
Last year, TORO revenue was $21.56M. Over the last 2 year, TORO's revenue has increased by -15.17% per year. This was slower than the Marine Shipping industry average of 25.18%.
You can research TORO's earnings and revenue performance here.
Latest Insiders Trades at TORO
Over the last 12 months, insiders at TORO have not bought or sold any shares.
Get more info about who owns TORO stock here.
Can I rely on TORO as an income stream?
Toro pays a dividend of 24.25%, compared to the Marine Shipping industry's average dividend yield of 16.54%. If you owned $1,000 worth of TORO stock, you would have been paid $242.47 in the past 12 months.
Dig into more data about Toro dividend yield and history here.
What others are saying about TORO
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your TORO purchase
There are 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 the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and your broker will execute your order.
If you require more info about buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in TORO
Now that you own some TORO shares, you'll want to stay up-to-date on your shares.
Start a watchlist to get alerted to the latest events about your TORO stock.
TORO Feed
How to Buy Stock in Toro
To summarize, here are the 6 steps you need to take to buy Toro stock right now:
- Decide where to buy Toro stock
- Create a brokerage account
- Put funds into your investment account
- Evaluate Toro stock
- Make your TORO purchase
- Keep an eye on your investment in TORO
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your investment in Toro, click the button below.
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