How to Buy Tusimple Holdings Stock
Tusimple Holdings Inc
TuSimple Holdings Inc. , an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally.
Tusimple Holdings stock last closed at $1.07, up 0% from the previous day, and has decreased 37.43% in one year. It has underperformed other stocks in the Trucking industry by 0.69 percentage points. Tusimple Holdings stock is currently +42.67% from its 52-week low of $0.75, and -62.98% from its 52-week high of $2.89.
As of Dec 7, 2023, there are 229.89M shares of TSP outstanding. The market capitalization of TSP is $245.98M. In the last 24 hours, 757,916 TSP shares were traded.
How to Buy Tusimple Holdings Stock
Not sure how to invest in Tusimple Holdings stock? Here's how.
- Choose where to buy Tusimple Holdings stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Tusimple Holdings stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your method of payment and add your information.
- Evaluate Tusimple Holdings stock: The Tusimple Holdings ticker symbol is TSP. Is Tusimple Holdings stock a good investment? Should you buy shares of TSP? How do TSP's underlying business fundamentals look? Do top analysts think Tusimple Holdings is a good buy? Why has TSP's stock price moved recently? (Hint: Our stock market research website can help you figure out if TSP is a good stock to buy).
- Execute your TSP trade: Decide if you will purchase TSP shares at the current market price or use a limit order to purchase TSP shares at a specific price.
- Keep an eye on your investment in TSP: Create a watchlist to get the latest news on your investment in Tusimple Holdings stock.
Step 1: Choose where to buy Tusimple Holdings stock
You will need a brokerage account in order to access the NASDAQ market and buy TSP stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you are able to invest in TSP stock 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 info to open a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on app for stock, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help depositing money into your investment account.
Step 4: Evaluate Tusimple Holdings stock
After you have chosen the best place to buy Tusimple Holdings stock, it's absolutely critical to evaluate their stock before you buy, so you actually comprehend the risk and opportunity.
Tusimple Holdings stock at a glance
Fundamentals of Tusimple Holdings
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on TSP's stock page.
Is TSP stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge TSP's true value.
Using relative valuations metrics:
- TSP could be undervalued based on its P/B ratio of 0.32x, relative to Trucking industry P/B ratio of 3.57x
You can do more valuation analysis on TSP's stock here.
TSP Financial Health
Passed Financial Due Diligence Checks:
- TSP has $775.17M in cash and short term investments. This is enough to cover its annual cash burn of $297.97M.
- There are more short-term assets than short-term liabilities on the TSP balance sheet.
- There are more short-term assets than long-term liabilities on the TSP balance sheet.
- TSP has a low debt to equity ratio of 0.1.
- TSP has cash burn of 297971000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- TSP profit margin has gone down from -4,697.8% to -16,585.4% in the past year.
Do Wall Street analysts think it's a good time to buy TSP stock
Out of 1 sell side analysts who monitor TSP, the consensus analyst rating on TSP is a Strong Sell
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Tusimple Holdings stock forecast page.
Metrics for Advanced TSP Traders
TSP Performance Metrics
Last year, TSP revenue was $2.17M. In the last 2 year, TSP's revenue has grown by -33.85% per year. This was slower than the Trucking industry average of 16.91%.
Dig into TSP's earnings and revenue performance here.
Latest Insiders Trades at TSP
Over the last year, executives and large shareholders at TSP have sold more shares than they have bought.
Eric R. Tapia, Chief Financial Officer of TSP, was the latest TSP insider to sell. They sold $16,205.80 worth of TSP stock on Nov 2, 2023.
Get more info about who owns TSP stock here.
Can I rely on TSP as an income stream?
No, Tusimple Holdings doesn't provide an income stream by paying out dividends.
What others are saying about TSP
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your TSP trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally 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 be sure you're buying or selling at a given price, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you want more assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in TSP
Now that you own some shares in TSP, you'll want to keep up with your investment.
Add TSP to a watchlist to get notified of the latest news about your TSP stock.
TSP Feed
How to Buy Stock in Tusimple Holdings
To summarize, here are the 6 steps you need to take to buy Tusimple Holdings stock right now:
- Choose where to buy Tusimple Holdings stock
- Create a brokerage account
- Put funds into your investment account
- Evaluate Tusimple Holdings stock
- Execute your TSP trade
- Keep an eye on your investment in TSP
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Tusimple Holdings, click the button below.
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