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How to Buy Airtasker Shares in Australia
By
Will Ellis
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Last Updated on March 23, 2024
Edited by
Adam Turner
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Fact checked and reviewed
Expanding your investment portfolio is always a good idea, and many different investment opportunities are available in the Australian market. If you want to buy business shares, have you considered Airtasker Ltd?
Airtasker allows people to start their own businesses performing everyday tasks for people in order to make an income. Airtasker shares (ART) have been listed on the Australian Securities Exchange (ASX) since 2021 and have had an interesting journey in the market.
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In this article, you’ll learn more about Airtasker Ltd, previous market behaviours and how to buy Airtasker Limited shares.
Table of Contents:
What Are Airtasker Limited? 🤔️
Airtasker Limited is an Australian-based company based in Sydney that provides technology-enabled online marketplaces for outsourcing everyday tasks. The tasks range from food delivery, furniture assembly, graphic design and more. Users can post their tasks on the marketplace website for local services in their area. Airtasker is now available in Australia, New Zealand, Singapore, Ireland, the United Kingdom and the United States.
Airtasked Limited was founded in 2012 by CEO Tim Fung and founder Jonathan Lui. The company has more than 175 employees and 1 million users, with more than 2.5 million tasks in local services completed on the platform.
Airtasker Ltd (ASX: ART) has been on ASX since 2021. In the ART initial public offering (IPO), the share price was 65 cents, and on the day of listing, it jumped 78% to A$1.16 per share. There was an increasing rise in share price in March of 2021 to $1.43. Since this period, the share prices have not been as high.
This graph is from Intelligent Investor and displays the ART share price performance.
A Guide to Buy Airtasker Limited Shares 🛒️
We’ve compiled a step-by-step guide to buying Airtasker Limited shares. With this guide, you can buy ART shares and expand your investment portfolio in five easy steps.
1. Compare Share Trading Platforms
The first part of buying ART shares is deciding through which broker you will buy your shares. Knowing where a business share is available to buy is an excellent place to start; you need to find the right trading platform that you trust to make your purchase.
The following platforms allow you to buy Airtasker shares:
- eToro: eToro is a multi-asset investment platform. You can purchase and trade more than 3000 assets, including stocks, cryptocurrencies and more. You can buy Australian and international shares.
- Saxo Markets: Saxo Markets offers a global trading market that allows you to invest in more than 23,000 stocks from Australia, the United States, Hong Kong and more than 50 other international markets. There are no platform fees, and you can start trading at AU$50 from $5 brokerage per transaction.
- Tiger Brokers: Tiger Brokers allow you to trade stocks and ETFs for the Australian, United States, and Hong Kong markets. You gain access to free market data for Australian and American stocks. You can trade from your desktop or mobile device with the Tiger Trade app.
These are just some platforms you can use to buy ART shares. Take a look in case one you already use, may sell the shares too, to save you from opening a new account.
2. Open and Fund Your Brokerage Account
Once you’ve found the trading platform you plan to use, you must create a brokerage account. To open a brokerage account in Australia, you will need to submit the following information:
- Identification: You need proof of identity to open a brokerage account in Australia. You can use your Passport, driver’s licence or Medicare card.
- Bank details: To add funds to your account, you must provide your debit card details. If you wish to use your credit card, you must check with your provider, as some companies don’t allow credit to be used for investments.
- Tax details: All financial investments in Australia require your tax details. All assets must be declared with your other finances at the end of the financial year.
3. Decide on How Many ART Shares You Want to Buy
How much volume of shares investors buy will depend on their financial situation. Only purchase shares that you can afford to lose. And what we mean is if the investment was to decline, you have to be ready to accept you could be at a loss.
Many markets can be volatile, and with ART’s share price taking a recent decline with the current market cap revenue sitting at AU$85.59 million, we could see a further reduction in the future. This price is indeed lower compared to past prices. However, we could also see a rise, depending on how the market sways.
4. Purchase Your Airtasker Limited Shares
As of October 30, the Airtasker share price is AU$0.18; like any investment, the share price can change over time. There can be changes in the long term or the short term, so make sure you keep an eye out for the best time and price to invest.
5. Check on Your Investment
Once you’ve bought your ART shares, you should check in regularly with your investment to see how well it performs. Look to see if there is a trend in the market change, to try to predict future behaviours. You can view investment behaviours on the trading platform you’ve used to buy the shares, or from soures such as the ASX or Stockopedia.
Always create an investment plan and, when checking on your assets, ensure they align with your objectives and are at a good value that looks profitable.
If you’ve got a specific date in mind for cashing out your investment, or you have an idea of any particular income you wish to earn from your investment, you should check the investment’s growth to see if it’s where you expect it to be.
Report any changes and predictions and gauge opinions from other customers. Keep an eye on increasing or decreasing interest rates of your shares or similar companies to Airtasker Limited to see if there are other investing opportunities there.
Final Thoughts 💡️
Buying shares in a company is a great way to diversify your investment portfolio. Buying stocks at a low share price can help you invest in new companies with less risk. If you start investing in ART stock, for example, but start with small amounts, you won’t lose as much as if you were to jump in the deep end with a more significant quantity if there is a decline in the market.
If you need more clarification about investing, seek out a financial advisor for advice to ensure you’re making the right financial decision.
Frequently Asked Questions 🔎️
How to Buy Shares in Australia for Beginners?
You can buy shares in Australia by five simple steps:
- Find a trading platform: eToro, Saxo Markets and Tiger Brokers are some of the many platforms you can trade assets on.
- Open and fund your account: When opening a brokerage account, you must provide proof of identity, bank details, and tax file number.
- Decide how many shares you want: You must decide how much to invest in your stake. Try to put only some of your money into one investment in case of any market issues. Otherwise, you may lose all of your investment amounts.
- Check on your investment: Once you’ve made your investment, keep an eye on the market. If there is a rise, you may cash out early or keep it for the long term to see if there are any improvements.
Does Airtasker Limited Pay Dividends?
Airtasker Limited (ART) does not pay dividends. ART’s current market cap is AU$85.59 million, and the share price is AU$0.19 as of October 29.
Who Are Airtasker Limited?
Airtasker Limited is an Australian-based company, headquartered in Sydney, that provides technology-enabled online marketplaces for outsourcing everyday tasks. Users can post their tasks on the marketplace website for local services. The company has expanded into New Zealand, Singapore, Ireland, the United Kingdom and the United States.
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