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 $0.15, up 6.38% from the previous day, and has decreased 84.68% in one year. It has underperformed other stocks in the Health Information Services industry by 0.58 percentage points. Cue Health stock is currently +13.64% from its 52-week low of $0.13, and -85.29% from its 52-week high of $1.02.
As of Apr 23, 2024, there are 158.52M shares of HLTH outstanding. The market value of HLTH is $23.78M. In the last 24 hours, 229,121 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:
- You can invest in stocks with zero commissions: Invest without commissions.
- 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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- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
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.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 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 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 0.1x, relative to Health Information Services industry P/B ratio of 3.4x
You can do more valuation research on HLTH's stock here.
A look at HLTH Cashflows and Balance Sheet
Pros:
- HLTH has $81.69M in cash and short term investments. This is sufficient to cover its annual cash burn of $157.61M.
- There are more short-term assets than long-term liabilities on the HLTH balance sheet.
- HLTH has a low debt to equity ratio of 0.36.
- There are more short-term assets than short-term liabilities on the HLTH balance sheet.
Cons:
- HLTH has cash burn of 157610000. It does not have sufficient cash and short-term investments to cover this.
- HLTH profit margin has gone down from -40.1% to -526.5% in the past year.
Is Cue Health stock a Buy, Hold, or Sell, according to analysts?
Out of 1 sell side analysts who track HLTH, the consensus analyst rating on HLTH is a Hold
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Cue Health stock forecast page.
HLTH Technicals
Is HLTH Growing Revenue?
Last year, HLTH revenue was $70.94M. In the past four year, HLTH's revenue has increased by 80.89% per year. This was faster than the Health Information Services industry average of 19.8%.
Dig into HLTH's earnings and revenue performance here.
Who is buying/selling HLTH?
In the past year, insiders at HLTH have sold more shares than they have bought.
Clint Sever, Chief Executive Officer of HLTH, was the latest HLTH insider to sell. They sold $3,886.64 worth of HLTH shares on Mar 25, 2024.
Get more info about who owns HLTH shares here.
Does HLTH stock generate passive income?
No, Cue Health doesn't provide an income stream by paying out dividends.
What do other traders have to say about HLTH?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your HLTH purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open button and eToro will execute your order.
If you require additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in HLTH
Now that you own some HLTH stock, you'll want to stay up-to-date on your shares.
Add HLTH to a watchlist to track the latest developments regarding your HLTH stock.
HLTH Feed
How to Buy Stock in Cue Health
To reiterate, here are the 6 steps to buy stock in Cue Health:
- 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 are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Cue Health, get started below.
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