How to Buy Yiren Digital Stock
Yiren Digital Ltd
Yiren Digital is a credit service company located in China, which is part of the Financial Services sector, and is traded under the ticker YRD on the NYSE exchange.
Yiren Digital stock last closed at $6.63, up 1.38% from the previous day, and has increased 32.07% in one year. It has overperformed other stocks in the Credit Services industry by 0.16 percentage points. Yiren Digital stock is currently +60.92% from its 52-week low of $4.12, and -27.93% from its 52-week high of $9.20.
At the moment, there are 172.61M YRD shares outstanding. The market capitalization of YRD is $572.19M. In the last 24 hours, 65,266 YRD shares were traded.
How to Buy Yiren Digital Stock
Not sure how to invest in Yiren Digital stock? Here's how.
- Figure out where to buy Yiren Digital stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Yiren Digital stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your method of payment and add your details.
- Research Yiren Digital stock: The Yiren Digital ticker symbol is YRD. Is Yiren Digital stock a good investment? Should you buy shares of YRD? How do YRD's underlying business fundamentals look? Do top analysts think Yiren Digital is a good buy? Why has YRD's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if YRD is a good stock to buy).
- Place your YRD buy order: Decide if you will purchase YRD shares at the current market price or use a limit order to buy YRD stock at a particular price.
- Watch your investment in YRD: Create a watchlist to important notifications about your investment in Yiren Digital stock.
Step 1: Figure out where to buy Yiren Digital stock
You will need a brokerage account in order to access the NYSE market and buy YRD stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you are able to buy YRD 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.
- Provide your personal details to start a new brokerage account.
- Submit your info 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 our top ranked stock market app, your next step is to transfer the money for your investment:
Check out this video walkthrough if you need help transferring funds into your new brokerage account.
Step 4: Research Yiren Digital stock
After you have figured out the best place to buy Yiren Digital stock, it's very important to research their stock prior to investing, so you can wrap your head around the risk as well as the upside.
Yiren Digital stock data
Yiren Digital Overview
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on YRD's stock page.
How is YRD stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge YRD's fair value.
Using relative valuations methods:
- YRD could be undervalued based on its P/E ratio of 2.65x, relative to Credit Services industry P/E ratio of 29.53x
- YRD could be undervalued based on its P/B ratio of 0.44x, relative to Credit Services industry P/B ratio of 5.4x
- YRD may be undervalued based on its PEG ratio of 0.52x
You can access additional valuation research on YRD's stock here.
Is YRD a healthy company?
Positive Health Checks:
- YRD earnings of $240.22M is not enough to cover its interest payments.
- YRD's operating cash flow of $194.81M allows it to safely service it's debt of $5.58M.
- Total YRD debt is lower than 5 years ago, relative to shareholder equity.
- YRD has a low debt to equity ratio of 0.36.
Negative Health Checks:
- YRD profit margin has gone down from 42.5% to 27.3% in the past year.
YRD Trading Indicators
YRD Growth Metrics
Last year, YRD earnings were $216.46M. Over the last 5 year, YRD's earnings have gone up by 7.01% per year. This was slower than the Credit Services industry average of 13.18%.
Last year, YRD revenue was $794.24M. During the past five year, YRD's revenue has grown by -8.37% per year. This was slower than the Credit Services industry average of 9.75%.
You can analyze YRD's earnings and revenue performance here.
Who is buying/selling YRD?
Over the past 12 months, executives and large shareholders at YRD have not bought or sold any shares.
Learn more about who owns YRD stock here.
Can I get consistent income from YRD stock?
Yiren Digital pays a dividend of 3.02%, compared to the Credit Services industry's average dividend yield of 3.75%. If you owned $1,000 worth of YRD stock, you would have been paid $30.17 in the past 12 months.
Yiren Digital dividend payments have not consistently grown over the past 8 years and have not remained stable.
Find more analysis about Yiren Digital dividend yield and history here.
What do other traders have to say about YRD?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your YRD 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 possible price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open Trade button and eToro will execute your order.
If you require more help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in YRD
Now that you own some YRD shares, you'll want to stay up-to-date on your investment.
Add YRD to a watchlist to keep tabs on your YRD stock.
YRD Feed
How to Buy Stock in Yiren Digital
To summarize, here are the 6 steps to buy Yiren Digital stock:
- Figure out where to buy Yiren Digital stock
- Sign up for a brokerage account
- Put funds into your investment account
- Research Yiren Digital stock
- Place your YRD buy order
- Watch your investment in YRD
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Yiren Digital, create a watchlist on WallStreetZen today.
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