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How to Buy Electromed Stock

Electromed Inc

Electromed, Inc. engages in the development, manufacture, marketing, and sale of medical equipment. The company is headquartered in New Prague, Minnesota and currently employs 119 full-time employees.

Electromed stock last closed at $15.09, up 0.67% from the previous day, and has increased 16.44% in one year. It has overperformed other stocks in the Medical Devices industry by 0.26 percentage points. Electromed stock is currently +71.48% from its 52-week low of $8.80, and -6.04% from its 52-week high of $16.06.

At the moment, there are 8.61M shares of ELMD outstanding. The market cap of ELMD is $129.85M. In the past 24 hours, 53,231 ELMD shares were traded.

How to Buy Electromed Stock

Not sure how to invest in Electromed stock? Here's how.
  1. Figure out where to buy Electromed stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Electromed stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Select your method of payment and add your information.
  4. Evaluate Electromed stock: The Electromed ticker symbol is ELMD. Is Electromed stock a good investment? Should you buy shares of ELMD? How do ELMD's underlying business fundamentals look? Do top analysts think Electromed is a good buy? Why has ELMD's stock price moved recently? (Hint: Our stock market research tools can help you decide if ELMD is a good stock to buy).
  5. Place your ELMD purchase: Decide if you will purchase ELMD shares at the current market price or use a limit order to buy ELMD stock at a particular price.
  6. Get key alerts regarding your ELMD investment: Create a watchlist to track your new investment in Electromed shares.

Step 1: Figure out where to buy Electromed stock

You will need an online brokerage account in order to access the NYSEMKT market and buy ELMD shares.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to buy ELMD today.

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Step 3: Deposit funds into your investment account

Now that you have finished signing up on a mobile trading app, you need to deposit funds:

Watch the walkthrough below for more details transferring money into your new investment account.

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Step 4: Evaluate Electromed stock

Once you have figured out the best place to buy Electromed stock, it's crucial to research their stock prior to buying, so you actually wrap your head around the risk as well as the upside.

Electromed Numbers

ELMD Price
$15.09
1w %
17.25%
1y %
16.44%
5y %
165.2%
P/E
32.11x
P/B
3.22x
P/S
2.49x
PEG
2.87x
Revenue
$51.69M
Earnings
$3.94M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$129.85M
Next Earnings
N/A
Next Dividend
N/A

ELMD Due Diligence Checks

WallStreetZen was created to help part-time investors do more accurate fundamental analysis quickly.

You can see all of the due diligence checks on ELMD's stock page.

Is ELMD stock undervalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ELMD's fair value.

Using relative valuations measures:

  • ELMD could be undervalued based on its P/E ratio of 32.11x, relative to Medical Devices industry P/E ratio of 36.28x
  • ELMD may be undervalued based on its P/B ratio of 3.22x, relative to Medical Devices industry P/B ratio of 4.02x
  • ELMD may be overvalued based on its PEG ratio of 2.87x

You can access more valuation analysis on ELMD's stock here.

ELMD Financial Health

Signs that ELMD is financially healthy:

  • ELMD earnings of $5.34M is not enough to cover its interest payments.
  • ELMD has a low debt to equity ratio of 0.16.
  • There are more short-term assets than long-term liabilities on the ELMD balance sheet.
  • There are more short-term assets than short-term liabilities on the ELMD balance sheet.
  • ELMD's operating cash flow of $4.87M allows it to safely service it's debt of $0.00.
  • ELMD profit margin has gone up from 4.8% to 7.6% in the past year.

Signs that ELMD is not financially healthy:

  • Total ELMD debt is higher than 5 years ago, relative to shareholder equity.

ELMD Trading Indicators

SMA10
12.09
SMA20
11.13
SMA50
10.77
SMA100
10.59
SMA200
10.76
MACD
0.98
MACD Signal
0.42
MACD Histogram
0.56
RSI
83.53
Stochastic %K
82.86
Stochastic %D
86.93
StochRSI %K
100
StochRSI %D
100

ELMD Growth Numbers

Last year, ELMD earnings were $3.94M. In the past five year, ELMD's earnings have gone up by 15.36% per year. This was faster than the Medical Devices industry average of 11.69%.

Last year, ELMD revenue was $51.69M. During the last five year, ELMD's revenue has grown by 11.25% per year. This was slower than the Medical Devices industry average of 12.85%.

Find out more about ELMD's earnings and revenue performance here.

What are ELMD executives and large shareholders up to?

Over the past year, executives and large shareholders at ELMD have bought more shares than they have sold.

Andrew Summers, Director of ELMD, was the latest ELMD insider to buy. They bought $302,368.50 worth of ELMD stock on Dec 14, 2023.

Dig into more about who owns ELMD stock here.

Can I get consistent income from ELMD stock?

No, Electromed doesn't provide an income stream by paying out dividends.

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Step 5: Place your ELMD purchase

You have two main 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 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 sure you're buying or selling at a specific dollar amount, place a limit order.

Press the Open Trade button and your broker will place the order.

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Step 6: Get key alerts regarding your ELMD investment

Now that you own some ELMD stock, you'll want to stay up-to-date on your shares.

Put ELMD on a watchlist to monitor your ELMD stock.

ELMD Feed

How to Buy Stock in Electromed

To summarize, here are the 6 steps to buy stock in Electromed:

  1. Figure out where to buy Electromed stock
  2. Open your brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Electromed stock
  5. Place your ELMD purchase
  6. Get key alerts regarding your ELMD investment

If you require a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your new investment in Electromed, add ELMD to your watchlist by clicking the button below.

NYSEMKT: ELMD
$15.09+0.10 (+0.67%)
Updated Feb 21, 2024
Open eToro Account
NYSEMKT: ELMD
$15.09+0.10 (+0.67%)
Updated Feb 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Electromed share?

As of Feb 21, 2024, it costs $15.09 to buy one share of Electromed stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.464 shares of ELMD.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Electromed stock?

One way to place an order for Electromed stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.