How to Buy Vision Marine Technologies Stock
Vision Marine Technologies Inc
Vision Marine Technologies Inc. designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally.
Vision Marine Technologies stock last closed at $0.61, down 2.87% from the previous day, and has decreased 83.95% in one year. It has underperformed other stocks in the Recreational Vehicles industry by 0.66 percentage points. Vision Marine Technologies stock is currently +22% from its 52-week low of $0.50, and -89.11% from its 52-week high of $5.60.
As of May 2, 2024, there are 12.1M shares of VMAR outstanding. The market cap of VMAR is $7.38M. In the past 24 hours, 18,130 VMAR shares were traded.
How to Buy Vision Marine Technologies Stock
Wondering how to invest in Vision Marine Technologies stock? Here's how.
- Choose where to buy Vision Marine Technologies stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Vision Marine Technologies stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your info.
- Evaluate Vision Marine Technologies stock: The Vision Marine Technologies ticker symbol is VMAR. Is Vision Marine Technologies stock a good investment? Should you buy shares of VMAR? How do VMAR's underlying business fundamentals look? Do top analysts think Vision Marine Technologies is a good buy? Why has VMAR's stock price moved recently? (Hint: Our stock market analysis website can help you decide if VMAR is a good stock to buy).
- Place your VMAR purchase: Decide if you will purchase VMAR shares at the current market price or use a limit order to buy VMAR shares at a specific price.
- Watch your investment in VMAR: Create a watchlist to get live updates on your investment in Vision Marine Technologies shares.
Step 1: Choose where to buy Vision Marine Technologies stock
You will need an online brokerage account to access the NASDAQ market and buy VMAR stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to buy VMAR today.
How to Open a New Brokerage 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.
- Provide your personal data to open a new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on a good online stock trading app, you need to deposit funds:
Check out the walkthrough below to see the process of transferring money into your investment account.
Step 4: Evaluate Vision Marine Technologies stock
After you have figured out the best place to buy Vision Marine Technologies stock, it's critical to evaluate their stock prior to investing, so you truly wrap your head around the risk and opportunity.
Vision Marine Technologies shares at a glance
VMAR Zen Score
WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on VMAR's stock page.
Is VMAR stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge VMAR's intrinsic value.
Using relative valuations measures:
- VMAR may be undervalued based on its P/B ratio of 1.59x, relative to Recreational Vehicles industry P/B ratio of 2.07x
You can access additional valuation research on VMAR's stock here.
VMAR Financials at a glance
Signs that VMAR is financially healthy:
- There are more short-term assets than long-term liabilities on the VMAR balance sheet.
- There are more short-term assets than short-term liabilities on the VMAR balance sheet.
Signs that VMAR is not financially healthy:
- VMAR has a relatively high debt to equity ratio of 2.34.
- VMAR has $858.76k in cash and short term investments. This is not sufficient to cover its annual cash burn of $12.56M.
- VMAR has cash burn of 12555076. It does not have enough cash and short-term investments to cover this.
- VMAR profit margin has gone up by 0.82 percentage points in the past year, but the company is still unprofitable.
You can dive deeper into what analysts are saying on the Vision Marine Technologies stock forecast page.
Metrics for Advanced VMAR Traders
How is VMAR performing as a company?
Last year, VMAR revenue was $3.72M. Over the past 5 year, VMAR's revenue has increased by 6.07% per year. This was slower than the Recreational Vehicles industry average of 7.73%.
Dive into VMAR's earnings and revenue performance here.
Who is buying/selling VMAR?
Over the past year, insiders at VMAR have not bought or sold any shares.
Research more about who owns VMAR stock here.
Can I rely on VMAR as an income stream?
No, Vision Marine Technologies doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your VMAR purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order 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 price limit, use a limit order.
Click the Open Trade button and eToro will place your order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in VMAR
Now that you own some VMAR shares, you'll want to stay up-to-date on your investment.
Add VMAR to a watchlist to get notified of the latest news about your VMAR stock.
VMAR Feed
How to Buy Stock in Vision Marine Technologies
To summarize, here are the 6 steps to buy Vision Marine Technologies stock:
- Choose where to buy Vision Marine Technologies stock
- Open a brokerage account
- Fund your investment account
- Evaluate Vision Marine Technologies stock
- Place your VMAR purchase
- Watch your investment in VMAR
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Vision Marine Technologies, add VMAR to your watchlist by clicking the button below.
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