How to Buy Biomarin Pharmaceutical Stock
Biomarin Pharmaceutical Inc
BioMarin Pharmaceutical Inc. develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions.
Biomarin Pharmaceutical stock last closed at $84.90, up 0.62% from the previous day, and has decreased 7.33% in one year. It has overperformed other stocks in the Biotechnology industry by 0.01 percentage points. Biomarin Pharmaceutical stock is currently +15.24% from its 52-week low of $73.68, and -14.72% from its 52-week high of $99.56.
At the moment, there are 190.38M shares of BMRN outstanding. The market value of BMRN is $16.16B. In the last 24 hours, 1.19M BMRN shares were traded.
How to Buy Biomarin Pharmaceutical Stock
Not sure how to invest in Biomarin Pharmaceutical stock? Here's how.
- Choose where to buy Biomarin Pharmaceutical stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Biomarin Pharmaceutical stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your payment method and add your details.
- Research Biomarin Pharmaceutical stock: The Biomarin Pharmaceutical ticker symbol is BMRN. Is Biomarin Pharmaceutical stock a good investment? Should you buy shares of BMRN? How do BMRN's underlying business fundamentals look? Do top analysts think Biomarin Pharmaceutical is a good buy? Why has BMRN's stock price moved recently? (Hint: Our stock research tools can help you decide if BMRN is a good stock to buy).
- Make your BMRN buy order: Decide if you will purchase BMRN shares at the current market price or use a limit order to buy BMRN shares at a given price.
- Get notifications regarding your BMRN investment: Create a watchlist to important notifications about your new investment in Biomarin Pharmaceutical shares.
Step 1: Choose where to buy Biomarin Pharmaceutical stock
You need an online brokerage account in order to access the NASDAQ market and buy BMRN stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you are able to buy BMRN stock today.
How to Open a New Brokerage 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.
- Enter your personal details to open a new brokerage account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on apps for stock market, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring money into your investment account.
Step 4: Research Biomarin Pharmaceutical stock
Once you have decided on the best place to buy Biomarin Pharmaceutical stock, it's absolutely critical to research their stock prior to investing, so you actually understand the risk as well as the upside.
Biomarin Pharmaceutical Metrics
Biomarin Pharmaceutical Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on BMRN's stock page.
Is BMRN stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge BMRN's intrinsic value.
Using relative valuations ratios:
- BMRN may be undervalued based on its P/E ratio of 62.89x, relative to Biotechnology industry P/E ratio of -245.33x
- BMRN could be undervalued based on its P/B ratio of 3.06x, relative to Biotechnology industry P/B ratio of 6.54x
- BMRN could be overvalued based on its PEG ratio of 1.36x
You can do additional valuation research on BMRN's stock here.
How do BMRN Financials look?
Pros:
- BMRN's operating cash flow of $328.86M allows it to safely service it's debt of $1.09B.
- BMRN profit margin has gone up from 4.5% to 9.9% in the past year.
- There are more short-term assets than long-term liabilities on the BMRN balance sheet.
- BMRN earnings of $315.68M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the BMRN balance sheet.
- Total BMRN debt is lower than 5 years ago, relative to shareholder equity.
- BMRN has a low debt to equity ratio of 0.34.
Is it a good time to buy Biomarin Pharmaceutical stock, according to analysts?
Out of 16 Equities analysts who give recommendations on BMRN, the consensus analyst rating on BMRN is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest BMRN Analyst Upgrades/Downgrades
Christopher Raymond, a top 25% analyst from Piper Sandler maintains BMRN with a strong buy rating and raises their BMRN price target from $107.00 to $122.00, on Sep 5, 2024.
Piper Sandler's Christopher Raymond raised their price target on Biomarin Pharmaceutical (NASDAQ: BMRN) by 14% from $107 to $122 on 2024/09/05. The analyst maintained their Strong Buy rating on the stock.
Raymond attributed their price target hike on Biomarin Pharmaceutical to the company's presentation at its "highly anticipated" 2024 Investor Day on 2024/09/04.
Management announced its long-term guidance, which was "well above" expectations, the analyst told investors.
Raymond noted that Piper Sandler maintains its bullish view on the stock's setup.
Joon Lee, a top 3% analyst from Truist Securities maintains BMRN with a strong buy rating and lowers their BMRN price target from $140.00 to $118.00, on Sep 5, 2024.
Paul Matteis, a bottom 10% analyst from Stifel Nicolaus maintains BMRN with a strong buy rating and raises their BMRN price target from $112.00 to $115.00, on Aug 21, 2024.
William Pickering, a top 35% analyst from Bernstein upgrades BMRN to a buy rating and raises their BMRN price target from $94.00 to $110.00, on Aug 20, 2024.
Phil Nadeau, a top 13% analyst from TD Cowen maintains BMRN with a strong buy rating and lowers their BMRN price target from $125.00 to $120.00, on Aug 6, 2024.
You can dive deeper into what analysts are saying on the Biomarin Pharmaceutical stock forecast page.
BMRN Technicals
Is BMRN Making Money?
Last year, BMRN earnings were $256.59M. Over the past 4 year, BMRN's earnings have gone up by 18.27% per year. This was faster than the Biotechnology industry average of 9.22%.
Last year, BMRN revenue was $2.59B. In the past five year, BMRN's revenue has gone up by 11.04% per year. This was slower than the Biotechnology industry average of 57.22%.
You can analyze BMRN's earnings and revenue performance here.
Latest Insiders Trades at BMRN
In the past 12 months, executives and large shareholders at BMRN have sold more shares than they have bought.
Erin Burkhart, GVP Chief Accounting Officer of BMRN, was the latest BMRN insider to sell. They sold $64,260.00 worth of BMRN stock on Aug 13, 2024.
Dig into more about who owns BMRN shares here.
Can I get consistent income from BMRN stock?
No, Biomarin Pharmaceutical doesn't provide an income stream by paying out dividends.
What do other investors have to say about BMRN?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your BMRN buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Click the Open Trade button and your broker will place your order.
If you need additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your BMRN investment
Now that you own some BMRN shares, you'll want to keep up with your new investment.
Start a watchlist to track your BMRN stock.
BMRN Feed
How to Buy Stock in Biomarin Pharmaceutical
To summarize, here are the 6 steps to buy Biomarin Pharmaceutical stock:
- Choose where to buy Biomarin Pharmaceutical stock
- Open your brokerage account
- Put funds into your investment account
- Research Biomarin Pharmaceutical stock
- Make your BMRN buy order
- Get notifications regarding your BMRN investment
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Biomarin Pharmaceutical, create a watchlist on WallStreetZen today.
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