How to Buy Sasol Stock
Sasol Ltd
Sasol is a specialty chemical company located in South Africa, which is part of the Basic Materials sector, and is traded under the ticker SSL on the NYSE exchange.
Sasol stock last closed at $3.49, down 2.79% from the previous day, and has decreased 55.99% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.41 percentage points. Sasol stock is currently +25.54% from its 52-week low of $2.78, and -58.45% from its 52-week high of $8.40.
At the moment, there are 648.48M shares of SSL outstanding. The market value of SSL is $2.26B. In the last 24 hours, 574,508 SSL shares were traded.
How to Buy Sasol Stock
Wondering how to invest in Sasol stock? Here's how.
- Choose where to buy Sasol stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Sasol stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your method of payment and add your details.
- Research Sasol stock: The Sasol ticker symbol is SSL. Is Sasol stock a good investment? Should you buy shares of SSL? How do SSL's underlying business fundamentals look? Do top analysts think Sasol is a good buy? Why has SSL's stock price moved recently? (Hint: Our stock market research website can help you evaluate if SSL is a good stock to buy).
- Execute your SSL trade: Decide if you will purchase SSL shares at the current market price or use a limit order to buy SSL shares at a particular price.
- Get updates on your investment in SSL: Create a watchlist to keep track of your new investment in Sasol stock.
Step 1: Choose where to buy Sasol stock
You will need a brokerage account in order to access the NYSE market and buy SSL shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global markets: From Technology to Industrials, New York to Hong Kong (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with 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 brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you are able to invest in SSL 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 details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the best stock investing app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Research Sasol stock
Once you have decided on the best place to buy Sasol stock, it's very important to analyze their stock prior to buying, so you actually wrap your head around the risk as well as the opportunity.
Sasol stock data
Sasol Due Diligence Score
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on SSL's stock page.
Is SSL stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge SSL's fair value.
Using relative valuations measures:
- SSL may be undervalued based on its P/B ratio of 0.28x, relative to Specialty Chemicals industry P/B ratio of 3.07x
You can do more valuation analysis on SSL's stock here.
Is SSL a healthy company?
Pros:
- There are more short-term assets than short-term liabilities on the SSL balance sheet.
- SSL has $2.74B in cash and short term investments. This is sufficient to cover its annual cash burn of $37.95M.
- SSL has cash burn of 37948430. It has enough cash and short-term investments to cover this for at least one year.
Cons:
- SSL has a relatively high debt to equity ratio of 1.52.
- SSL profit margin has gone down from 3% to -16.1% in the past year.
- Total SSL debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the SSL balance sheet.
You can dive deeper into what analysts are projecting on the Sasol stock forecast page.
SSL Technical Indicators
SSL Earnings
Last year, SSL revenue was $15.42B. In the past 5 year, SSL's revenue has grown by 0.55% per year. This was slower than the Specialty Chemicals industry average of 4.61%.
You can analyze SSL's earnings and revenue performance here.
Are SSL insiders buying or selling the stock?
Over the last 12 months, executives and large shareholders at SSL have not bought or sold any shares.
Learn more about who owns SSL shares here.
Can I get consistent income from SSL stock?
Sasol dividend payments have not consistently grown over the past decade and have not remained stable.
Get more info about Sasol dividend yield and history here.
What do other investors have to say about SSL?
One of the 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 SSL trade
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 fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you want more help buying stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in SSL
Now that you own some SSL stock, you'll want to stay up-to-date on your company.
Create a watchlist to keep tabs on your SSL stock.
SSL Feed
How to Buy Stock in Sasol
To reiterate, here are the 6 steps you need to take to buy Sasol stock right now:
- Choose where to buy Sasol stock
- Create a brokerage account
- Fund your investment account
- Research Sasol stock
- Execute your SSL trade
- Get updates on your investment in SSL
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Sasol, hit the button below to create your watchlist.
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