How to Buy Caredx Stock
Caredx Inc
CareDx, Inc. discovers, develops, and commercializes diagnostic solutions for transplant patients and caregivers worldwide.
Caredx stock last closed at $8.07, down 2.54% from the previous day, and has decreased 11.03% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.01 percentage points. Caredx stock is currently +68.13% from its 52-week low of $4.80, and -37.59% from its 52-week high of $12.93.
At the moment, there are 51.78M shares of CDNA outstanding. The market capitalization of CDNA is $417.85M. In the past 24 hours, 665,667 CDNA shares were traded.
How to Buy Caredx Stock
Not sure how to invest in Caredx stock? Here's how.
- Figure out where to buy Caredx stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Caredx stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your method of payment and add your info.
- Evaluate Caredx stock: The Caredx ticker symbol is CDNA. Is Caredx stock a good investment? Should you buy shares of CDNA? How do CDNA's underlying business fundamentals look? Do top analysts think Caredx is a good buy? Why has CDNA's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if CDNA is a good stock to buy).
- Place your CDNA buy order: Decide if you will purchase CDNA shares at the current market price or use a limit order to purchase CDNA shares at a given price.
- Track your CDNA position: Create a watchlist to monitor your investment in Caredx stock.
Step 1: Figure out where to buy Caredx stock
You need a brokerage account to access the NASDAQ market and buy CDNA shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best online stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you can invest in CDNA 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.
- Provide your personal data to create a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on one of the best stock apps, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Caredx stock
Once you have selected the best place to buy Caredx stock, it's important to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.
Caredx stock at a glance
Caredx Due Diligence Checks
WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.
You can see all of the due diligence checks on CDNA's stock page.
What is the fair value of CDNA stock?
You can use many financial metrics, analyses, models, and charts to gauge CDNA's true value.
Using relative valuations metrics:
- CDNA may be undervalued based on its P/B ratio of 1.6x, relative to Diagnostics & Research industry P/B ratio of 4.01x
You can do additional valuation research on CDNA's stock here.
CDNA Financial Health
Pros:
- There are more short-term assets than long-term liabilities on the CDNA balance sheet.
- CDNA has $236.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $26.73M.
- There are more short-term assets than short-term liabilities on the CDNA balance sheet.
- CDNA has cash burn of 26732000. It has sufficient cash and short-term investments to cover this for at least one year.
Cons:
- Total CDNA debt is higher than 5 years ago, relative to shareholder equity.
- CDNA profit margin has gone down from -23.8% to -67.9% in the past year.
- CDNA has a relatively high debt to equity ratio of 0.79.
Is CDNA stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who research CDNA, the consensus analyst rating on CDNA is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Caredx stock forecast page.
CDNA Momentum
CDNA Growth Metrics
Last year, CDNA revenue was $280.32M. Over the past 5 year, CDNA's revenue has gone up by 29.63% per year. This was faster than the Diagnostics & Research industry average of 12.99%.
You can research CDNA's earnings and revenue performance here.
What are CDNA executives and large shareholders up to?
Over the past 12 months, insiders at CDNA have sold more shares than they have bought.
Abhishek Jain, Chief Financial Officer of CDNA, was the latest CDNA insider to sell. They sold $2,239.55 worth of CDNA shares on Apr 8, 2024.
Dig into more about who owns CDNA stock here.
Does CDNA provide a stable income stream?
No, Caredx doesn't provide an income stream by paying out dividends.
CDNA Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your CDNA buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Hit the Open button and eToro will place your order.
If you require additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Track your CDNA position
Now that you own some shares in CDNA, you'll want to stay up-to-date on your new investment.
Start a watchlist to track your CDNA stock.
CDNA Feed
How to Buy Stock in Caredx
To reiterate, here are the 6 steps to buy Caredx stock:
- Figure out where to buy Caredx stock
- Open your brokerage account
- Fund your brokerage account
- Evaluate Caredx stock
- Place your CDNA buy order
- Track your CDNA position
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Caredx, add CDNA to your watchlist below.
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