How to Buy Cue Health Stock
Cue Health Inc
Cue Health Inc. , a healthcare technology company, designs and develops diagnostic platform for diagnostic tests for individuals, enterprises, healthcare providers and payors, and public health agencies.
Cue Health stock last closed at $0.46, up 3.38% from the previous day, and has decreased 85.57% in one year. It has underperformed other stocks in the Health Information Services industry by 0.71 percentage points. Cue Health stock is currently +48.06% from its 52-week low of $0.31, and -89.52% from its 52-week high of $4.38.
As of Sep 22, 2023, there are 153.51M shares of HLTH outstanding. The market value of HLTH is $70.46M. In the last 24 hours, 379,404 HLTH shares were traded.
How to Buy Cue Health Stock
Wondering how to invest in Cue Health stock? Here's how.
- Decide where to buy Cue Health stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Cue Health stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your payment method and add your information.
- Analyze Cue Health stock: The Cue Health ticker symbol is HLTH. Is Cue Health stock a good investment? Should you buy shares of HLTH? How do HLTH's underlying business fundamentals look? Do top analysts think Cue Health is a good buy? Why has HLTH's stock price moved recently? (Hint: Our stock market research website can help you evaluate if HLTH is a good stock to buy).
- Execute your HLTH purchase: Decide if you will purchase HLTH shares at the current market price or use a limit order to buy HLTH shares at a specific price.
- Watch your investment in HLTH: Create a watchlist to monitor your position in Cue Health shares.
Step 1: Decide where to buy Cue Health stock
You need an online brokerage account in order to access the NASDAQ market and buy HLTH stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. Here's why:
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- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you are able to invest in HLTH stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal data to create your new trading account.
- Submit your info by hitting the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have finished signing up on one of the best stock market apps, you need to deposit funds:
Check out the walkthrough below if you need help transferring money into your new investment account.
Step 4: Analyze Cue Health stock
Once you have decided on the best place to buy Cue Health stock, it's absolutely critical to analyze their stock prior to buying, so you actually comprehend the risk as well as the upside.
Overview of key HLTH info
Cue Health Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on HLTH's stock page.
Is HLTH stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge HLTH's true value.
Using relative valuations measures:
- HLTH could be undervalued based on its P/B ratio of 0.17x, relative to Health Information Services industry P/B ratio of 3.08x
You can do more valuation research on HLTH's stock here.
A look at HLTH Cashflows and Balance Sheet
Pros:
- HLTH has a low debt to equity ratio of 0.24.
- There are more short-term assets than long-term liabilities on the HLTH balance sheet.
- There are more short-term assets than short-term liabilities on the HLTH balance sheet.
Cons:
- HLTH has $129.35M in cash and short term investments. This is not sufficient to cover its annual cash burn of $230.81M.
- HLTH has cash burn of 230814000. It does not have sufficient cash and short-term investments to cover this.
- HLTH profit margin has gone down from -6.2% to -109.9% in the past year.
Is Cue Health stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who track HLTH, the consensus analyst rating on HLTH is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent HLTH Analyst Forecasts
Matthew Sykes, a bottom 4% analyst from Goldman Sachs maintains HLTH with a hold rating and lowers their HLTH price target from $2.75 to $0.75, on Jun 5, 2023.
Mark Massaro, a bottom 2% analyst from BTIG maintains HLTH with a strong buy rating and lowers their HLTH price target from $5.00 to $3.00, on May 15, 2023.
You can dig deeper into what analysts are projecting on the Cue Health stock forecast page.
HLTH Technicals
How is HLTH performing as a company?
Last year, HLTH revenue was $251.03M. During the last 2 year, HLTH's revenue has grown by 6.84% per year. This was slower than the Health Information Services industry average of 23.44%.
You can analyze HLTH's earnings and revenue performance here.
Are HLTH executives and large shareholders buying or selling the stock?
Over the past year, insiders at HLTH have sold more shares than they have bought.
Christopher K. Achar, Director of HLTH, was the latest HLTH insider to sell. They sold $3,807.15 worth of HLTH stock on Sep 5, 2023.
Dig into more about who owns HLTH stock here.
Can I get consistent income from HLTH stock?
No, Cue Health doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your HLTH purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Press the Open Trade button and your broker will place the order.
If you need additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in HLTH
Now that you own some HLTH shares, you'll want to keep up with your stock purchase.
Create a watchlist to track the most important metrics related to your HLTH stock.
HLTH Feed
How to Buy Stock in Cue Health
To summarize, here are the 6 steps you need to take to buy Cue Health stock right now:
- Decide where to buy Cue Health stock
- Open a brokerage account
- Fund your brokerage account
- Analyze Cue Health stock
- Execute your HLTH purchase
- Watch your investment in HLTH
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Cue Health, hit the button below to create your watchlist.
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