Review of Stockflare: Free Tool to Analyze Stock Performance

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Updated on Friday, January 31, 2020

Stockflare is a free tool that provides stock market research tools that present data in a way that almost anyone can easily digest. Picking stocks for your own portfolio can be intimidating — Stockflare helps you learn what it takes to break down earnings reports, company guidance and market statistics to help you make well-informed decisions when you buy and sell stocks.

What is Stockflare and how does it work?

Stockflare presents you with data to help you analyze individual stocks and the stock market as a whole. Note that you can’t buy shares of stock using Stockflare — instead, you can connect your brokerage account to Stockflare, or alternatively use the service without a connected brokerage account.

There are no fees to either use Stockflare or connect it to your brokerage account. Stockflare supports the following online brokerages: DriveWealth, E*Trade, Fidelity, Interactive Brokers, Schwab, Scottrade, OptionsHouse, TradeStation and Tradier.

Stockflare does not provide advice or recommendations on which stocks you should buy, only data. It does provide consensus expectations on things like earnings, revenue and guidance. However, keep in mind that during trading hours there is a 15-minute delay on data. Thomson Reuters provides the information and market data that powers Stockflare.

How to use Stockflare

You can quickly find stock to analyze on Stockflare by typing in a company name, ticker symbol, or even browse by industry sector. Once you’ve found the stock through search, you click through to see all the details about the company: its ticker symbol, current trading price (on a 15 minute delay), both percentage and dollar change in price on the day and a star rating.

Stockflare always provides a breakdown of their star ratings, telling you why some companies get higher ratings than others. For instance, higher ratings come if the company is profitable or if it pays a good dividend. The graph illustrated here shows you how Stockflare presents Johnson & Johnson’s stock price chart, with options to see a chart of the last 24 hours, month, three months, one year, two years or five years.

You also get visualizations of key stats, like Johnson & Johnson’s market value and one-year change in value. You can read up on the stock description and see earnings or news in the “latest results” section.

Stockflare registration and security

While Stockflare is free for all users, there is a registration option for added convenience. If you want to create a watch list to track stocks, you must register your account.

Moreover, if you decide to connect your brokerage account to Stockflare, registering your account provides an extra level of password protection for your personal brokerage information. Trading Ticket, the company that enables a connection between Stockflare and your brokerage account, offers robust data encryption and security methods.

Who would benefit from using Stockflare

If you’re a conservative stock investor, or just starting to learn how to invest in individual stocks, the layout of Stockflare will help you understand important details. As long as it’s not the only stock analysis tool you use, it could help you make informed investing decisions.

For new stock investors, Stockflare can give you a chance to understand the market you might otherwise struggle to follow. The stock market isn’t always an easy thing to manage, but Stockflare makes difficult data available, in a visually appealing way, for you to get it.

Where Stockflare falls short

For aggressive investors and those who have been investing in stocks for some time, Stockflare may have a hard time convincing you it’s worth your time. First and foremost, the data on Stockflare is on a 15-minute delay, greatly diminishing its utility for some day traders and most professionals. Moreover, with the stock screener, if a stock price is too close to the target price (either above or below), Stockflare considers it expensive — this isn’t how professional investors handle their stock analysis.

Pros of Stockflare

  • It’s free: The undeniable benefit of this website is that it’s completely free to use. They’re not currently earning money from its technology.
  • There’s a Stockflare app: If you want to review stocks on the go, you can download the app on both Apple and Android devices.
  • Well organized data: Stockflare gets high marks in how clean the interface is for analyzing stocks. The information is put together in an attractive way that’s user-friendly for investors of all experience levels.

Cons of Stockflare

  • It’s not a site for investment advice: If you’re looking for personalized recommendations or a passive approach to investing, you won’t get that from Stockflare. The stock ratings do include Wall Street opinion on whether or not you should buy, but Stockflare is careful to mention this advice is subjective. Ultimately, it’s a resource that’s meant to supplement your decision-making,  not one that should take the place of an actual advisor.
  • It targets a very specific investor: The star ratings for specific stocks are higher for those that stay in the middle with minimal growth, pay little dividends and want you to stay in it for the very long term. If you’re a more aggressive investor, you’ll be surprised to see that Apple gets a 3-star rating, even though you would’ve earned more money over the last three months compared to a safer stock by Stockflare’s standards.
  • Updates aren’t in real time: Time is an important factor when buying and selling stocks, but Stockflare doesn’t currently offer real-time information — the data has a 15-minute delay in the U.S.
  • You can’t buy stock directly from Stockflare: Although the Stockflare dashboard is impressive visually, it’s a research tool that doesn’t offer brokerage services. You’ll have to go the extra step of connecting a brokerage account to Stockflare to buy and sell stock.

Other stock analysis tools to consider

Stockflare is a research tool that combines key research metrics and flashy displays, but you can also get similar information from an online broker that has a research center and investment news sources.

Fidelity offers valuable stock research resources you can tap into online without becoming a Fidelity client. Parts of the research center, including stock snapshot and stock comparison, are open to the public, though you would need to be a Fidelity client to gain access to analyst opinions and to dig into stock ratings from independent researchers.

Yahoo! Finance has tons of information to dig into for stock research. You can review stats, company financials, history, analyst projections, and more. For a new investor, Stockflare does have a leg up on Yahoo Finance and comparable news outlets when it comes to attractive visuals and beginner-friendliness.

Additional free resources and investor communities that may come in handy during your stock research can be found at:

Ultimately, Stockflare can be used in partnership with these or any other resources to guide your trade decisions.

The “Find a Financial Advisor” links contained in this article will direct you to webpages devoted to MagnifyMoney Advisor (“MMA”). After completing a brief questionnaire, you will be matched with certain financial advisers who participate in MMA’s referral program, which may or may not include the investment advisers discussed.