How to buy DiamondPeak (DPHC) shares in Australia

Learn how to easily invest in DiamondPeak shares.

DiamondPeak Holdings Corp
NASDAQ: DPHC - USD
SHELL COMPANIES
$0
-

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DiamondPeak Holdings Corp is a shell companies business with stocks listed in the US. DiamondPeak shares (DPHC) are listed on the NASDAQ and all prices are listed in US Dollars. Here's how to invest if you're based in Australia.

How to buy shares in DiamondPeak

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for DiamondPeak. Find the share by name or ticker symbol: DPHC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until DiamondPeak reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of DiamondPeak, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of DiamondPeak. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

DiamondPeak stock price (NASDAQ:DPHC)

Use our graph to track the performance of DPHC stocks over time.

DiamondPeak shares at a glance

Information last updated 2021-01-13.
52-week rangeUS$10.155 - US$31.8
50-day moving average US$22.1627
200-day moving average US$15.0065
Target priceUS$50
PE ratio 346.5931
Dividend yield N/A (0%)
Earnings per share (TTM) US$0.053

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy DiamondPeak stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is DiamondPeak under- or over-valued?

Valuing DiamondPeak stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of DiamondPeak's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

DiamondPeak's P/E ratio

DiamondPeak's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 347x. In other words, DiamondPeak shares trade at around 347x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

DiamondPeak financials

Gross profit TTM US$0
Return on assets TTM -0.27%
Return on equity TTM 0%
Profit margin 0%
Book value 0.143
Market capitalisation US$619.1 million

TTM: trailing 12 months

Shorting DiamondPeak shares

There are currently 3.4 million DiamondPeak shares held short by investors – that's known as DiamondPeak's "short interest". This figure is 21.2% up from 2.8 million last month.

There are a few different ways that this level of interest in shorting DiamondPeak shares can be evaluated.

DiamondPeak's "short interest ratio" (SIR)

DiamondPeak's "short interest ratio" (SIR) is the quantity of DiamondPeak shares currently shorted divided by the average quantity of DiamondPeak shares traded daily (recently around 4.9 million). DiamondPeak's SIR currently stands at 0.68. In other words for every 100,000 DiamondPeak shares traded daily on the market, roughly 680 shares are currently held short.

However DiamondPeak's short interest can also be evaluated against the total number of DiamondPeak shares, or, against the total number of tradable DiamondPeak shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case DiamondPeak's short interest could be expressed as 0.1% of the outstanding shares (for every 100,000 DiamondPeak shares in existence, roughly 100 shares are currently held short) or 0.1478% of the tradable shares (for every 100,000 tradable DiamondPeak shares, roughly 148 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against DiamondPeak.

Find out more about how you can short DiamondPeak stock.

DiamondPeak share dividends

We're not expecting DiamondPeak to pay a dividend over the next 12 months.

DiamondPeak overview

As of October 23, 2020, DiamondPeak Holdings Corp. was acquired by Lordstown Motors Corp., in a reverse merger transaction. DiamondPeak Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.

DiamondPeak in the news

There are no recent company news

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