How to Buy Amgen Stock
Amgen Inc
Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience areas.
Amgen stock last closed at $317.48, down 0.7% from the previous day, and has increased 21.64% in one year. It has underperformed other stocks in the Drug Manufacturers - General industry by 0.02 percentage points. Amgen stock is currently +27.14% from its 52-week low of $249.70, and -8.47% from its 52-week high of $346.85.
At the moment, there are 537.33M shares of AMGN outstanding. The market cap of AMGN is $170.59B. In the past 24 hours, 1.49M AMGN shares were traded.
How to Buy Amgen Stock
Wondering how to invest in Amgen stock? Here's how.
- Choose where to buy Amgen stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Amgen stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your info.
- Research Amgen stock: The Amgen ticker symbol is AMGN. Is Amgen stock a good investment? Should you buy shares of AMGN? How do AMGN's underlying business fundamentals look? Do top analysts think Amgen is a good buy? Why has AMGN's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if AMGN is a good stock to buy).
- Execute your AMGN purchase: Decide if you will purchase AMGN shares at the current market price or use a limit order to purchase AMGN stock at a given price.
- Get updates on your AMGN position: Create a watchlist to keep track of your new investment in Amgen shares.
Step 1: Choose where to buy Amgen stock
You will need an online brokerage account to access the NASDAQ market and buy AMGN shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can invest in AMGN 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.
- Provide your personal data to create your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on apps for stock market, you can securely and quickly fund your account:
Check out the tutorial below to see the process of transferring funds into your investment account.
Step 4: Research Amgen stock
After you have decided on the best place to buy Amgen stock, it's critical to analyze their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.
Amgen Metrics
AMGN Zen Score
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on AMGN's stock page.
Is AMGN stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge AMGN's fair value.
Using relative valuations methods:
- AMGN may be overvalued based on its P/E ratio of 54.27x, relative to Drug Manufacturers - General industry P/E ratio of 48.08x
- AMGN could be overvalued based on its P/B ratio of 28.79x, relative to Drug Manufacturers - General industry P/B ratio of 6.72x
- AMGN could be overvalued based on its PEG ratio of 1.02x
You can do additional valuation analysis on AMGN's stock here.
AMGN Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the AMGN balance sheet.
Negative Health Checks:
- AMGN has a relatively high debt to equity ratio of 14.34.
- There are more long-term liabilities than short-term assets on the AMGN balance sheet.
- AMGN earnings of $6.74B is not enough to cover its interest payments.
- AMGN's operating cash flow of $6.45B allows it to safely service it's debt of $62.65B.
- Total AMGN debt is higher than 5 years ago, relative to shareholder equity.
- AMGN profit margin has gone down from 30% to 10.1% in the past year.
Do analysts think it's a good time to buy AMGN stock
Out of 15 sell side analysts who give ratings on AMGN, the consensus analyst rating on Amgen is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest AMGN Analyst Upgrades/Downgrades
James Shin, a top 35% analyst from Deutsche Bank reiterates AMGN with a hold rating and lowers their AMGN price target from $310.00 to $305.00, on Aug 7, 2024.
Geoff Meacham, a bottom 5% analyst from Bank of America maintains AMGN with a hold rating and raises their AMGN price target from $325.00 to $330.00, on Aug 7, 2024.
Mohit Bansal, a top 10% analyst from Wells Fargo downgrades AMGN to a hold rating and raises their AMGN price target from $320.00 to $335.00, on Aug 7, 2024.
Terence Flynn, a top 7% analyst from Morgan Stanley maintains AMGN with a hold rating and lowers their AMGN price target from $310.00 to $303.00, on Jul 11, 2024.
David Toung, a top 18% analyst from Argus Research maintains AMGN with a strong buy rating and raises their AMGN price target from $300.00 to $340.00, on Jun 27, 2024.
You can dig deeper into what analysts are projecting on the Amgen stock forecast page.
AMGN Momentum
AMGN Growth Numbers
Last year, AMGN earnings were $3.13B. Over the last five year, AMGN's earnings have grown by -14.36% per year. This was slower than the Drug Manufacturers - General industry average of 3.61%.
Last year, AMGN revenue was $30.93B. During the past 5 year, AMGN's revenue has grown by 5.6% per year. This was slower than the Drug Manufacturers - General industry average of 7.88%.
Learn more about AMGN's earnings and revenue performance here.
Latest Insiders Trades at AMGN
In the last 12 months, insiders at AMGN have sold more shares than they have bought.
Nancy A. Grygiel, SVP CCO of AMGN, was the latest AMGN insider to sell. They sold $521,583.20 worth of AMGN shares on Jul 31, 2024.
Get more info about who owns AMGN stock here.
Does AMGN provide a stable income stream?
Amgen pays a dividend of 2.8%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.25%. If you owned $1,000 of AMGN stock, you would have been paid $27.97 in the past year.
Amgen dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Amgen dividend yield and history here.
Get analysis from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your AMGN purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you want additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your AMGN position
Now that you own some shares in AMGN, you'll want to keep up with your company.
Make a watchlist to get alerted to the latest events about your AMGN stock.
AMGN Feed
How to Buy Stock in Amgen
To reiterate, here are the 6 steps to buy stock in Amgen:
- Choose where to buy Amgen stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Amgen stock
- Execute your AMGN purchase
- Get updates on your AMGN position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your new investment in Amgen, get started below.
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