How to Buy 10x Genomics Stock
10x Genomics Inc
10x Genomics, Inc. , a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems in North America, Europe, the Middle East, Africa, China, and the Asia Pacific.
10x Genomics stock last closed at $28.95, down 0.72% from the previous day, and has decreased 46.86% in one year. It has underperformed other stocks in the Health Information Services industry by 0.2 percentage points. 10x Genomics stock is currently +8.22% from its 52-week low of $26.75, and -54.46% from its 52-week high of $63.57.
At the moment, there are 119.17M shares of TXG outstanding. The market cap of TXG is $3.45B. In the last 24 hours, 2.96M TXG shares were traded.
How to Buy 10x Genomics Stock
Wondering how to invest in 10x Genomics stock? Here's how.
- Decide where to buy 10x Genomics stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy 10x Genomics stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your info.
- Research 10x Genomics stock: The 10x Genomics ticker symbol is TXG. Is 10x Genomics stock a good investment? Should you buy shares of TXG? How do TXG's underlying business fundamentals look? Do top analysts think 10x Genomics is a good buy? Why has TXG's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if TXG is a good stock to buy).
- Make your TXG purchase: Decide if you will purchase TXG shares at the current market price or use a limit order to buy TXG stock at a given price.
- Track your TXG position: Create a watchlist to monitor your new investment in 10x Genomics stock.
Step 1: Decide where to buy 10x Genomics stock
You will need an online brokerage account to access the NASDAQ market and buy TXG shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you can buy TXG stock today.
How to Open a New Investment 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 open your new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on stock market apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing funds into your brokerage account.
Step 4: Research 10x Genomics stock
Once you have selected the best place to buy 10x Genomics stock, it's important to research their stock prior to investing, so you can understand the risk as well as the upside.
10x Genomics shares quick numbers
10x Genomics Overview
WallStreetZen was built to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on TXG's stock page.
Is TXG stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge TXG's intrinsic value.
Using relative valuations metrics:
- TXG may be overvalued based on its P/B ratio of 4.66x, relative to Health Information Services industry P/B ratio of 3.36x
You can do more valuation research on TXG's stock here.
TXG Financial Summary
Signs that TXG is financially healthy:
- Total TXG debt is lower than 5 years ago, relative to shareholder equity.
- TXG has $388.70M in cash and short term investments. This is enough to cover its annual cash burn of $63.80M.
- TXG has a low debt to equity ratio of 0.3.
- There are more short-term assets than short-term liabilities on the TXG balance sheet.
- TXG has cash burn of 63798000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the TXG balance sheet.
Signs that TXG is not financially healthy:
- TXG profit margin has gone down from -32.1% to -41.2% in the past year.
Do analysts think it's a good time to buy 10x Genomics stock
Out of 5 sell side analysts who track TXG, the consensus analyst rating on TXG is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the 10x Genomics stock forecast page.
Metrics for Advanced TXG Traders
How is TXG performing as a company?
Last year, TXG revenue was $618.73M. During the past five year, TXG's revenue has grown by 33.43% per year. This was faster than the Health Information Services industry average of 19.86%.
Learn more about TXG's earnings and revenue performance here.
Are TXG executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at TXG have bought more shares than they have sold.
Serge Saxonov, Chief Executive Officer of TXG, was the latest TXG insider to sell. They sold $205,021.36 worth of TXG shares on Mar 4, 2024.
Get more info about who owns TXG shares here.
Does TXG stock generate passive income?
No, 10x Genomics doesn't provide an income stream by paying out dividends.
TXG Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your TXG purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you want additional assistance buying stocks on eToro, click the how to video below:
Step 6: Track your TXG position
Now that you own some shares in TXG, you'll want to stay up-to-date on your company.
Put TXG on a watchlist to see the latest developments about your TXG stock.
TXG Feed
How to Buy Stock in 10x Genomics
To summarize, here are the 6 steps to buy stock in 10x Genomics:
- Decide where to buy 10x Genomics stock
- Open a brokerage account
- Deposit funds into your investment account
- Research 10x Genomics stock
- Make your TXG purchase
- Track your TXG position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in 10x Genomics, create your watchlist below.
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