WallStreetZenWallStreetZen

How to Buy Goodrx Holdings Stock

Goodrx Holdings Inc

GoodRx Holdings, Inc. , through its subsidiaries, offers information and tools that enable consumers to compare prices and save on their prescription drug purchases in the United States.

Goodrx Holdings stock last closed at $6.54, up 0% from the previous day, and has increased 22.01% in one year. It has overperformed other stocks in the Health Information Services industry by 0.41 percentage points. Goodrx Holdings stock is currently +58.16% from its 52-week low of $4.14, and -30.2% from its 52-week high of $9.37.

There are currently 406.13M shares of GDRX outstanding. The market cap of GDRX is $2.66B. In the last 24 hours, 1.48M GDRX shares were traded.

How to Buy Goodrx Holdings Stock

Wondering how to invest in Goodrx Holdings stock? Here's how.
  1. Decide where to buy Goodrx Holdings stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Goodrx Holdings stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Select your payment method and add your info.
  4. Evaluate Goodrx Holdings stock: The Goodrx Holdings ticker symbol is GDRX. Is Goodrx Holdings stock a good investment? Should you buy shares of GDRX? How do GDRX's underlying business fundamentals look? Do top analysts think Goodrx Holdings is a good buy? Why has GDRX's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if GDRX is a good stock to buy).
  5. Execute your GDRX trade: Decide if you will purchase GDRX shares at the current market price or use a limit order to buy GDRX shares at a given price.
  6. Watch your GDRX investment: Create a watchlist to important notifications about your position in Goodrx Holdings shares.

Step 1: Decide where to buy Goodrx Holdings stock

You will need an online brokerage account to access the NASDAQ market and buy GDRX stock.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

We believe that eToro is the best place to buy stocks. Here's why:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to global financial markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's leading stock exchanges.
  • Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your purchase of stock by signing up for an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Create a brokerage account

Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to buy GDRX today.

How to Set Up a New Investment Account on eToro

  1. 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.
  2. Enter your personal data to create a new brokerage account.
  1. Send your information by clicking the "Create Account" button.
  2. 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.

Step 3: Deposit funds into your brokerage account

Now that you've created your account on the highest rated app to buy and sell stocks, you can securely and quickly fund your account:

Check out the tutorial below for more details depositing money into your investment account.

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.

Step 4: Evaluate Goodrx Holdings stock

After you have decided on the best place to buy Goodrx Holdings stock, it's important to research their stock before you buy, so you actually wrap your head around the risk and upside.

Overview of key GDRX info

GDRX Price
$6.54
1w %
-2.82%
1y %
22.01%
5y %
N/A
P/E
218x
P/B
3.01x
P/S
3.67x
PEG
1.43x
Revenue
$737.73M
Earnings
$15.03M
Fore. Rev. Growth
7.02%
Fore. Earn. Growth
151.98%
Market Cap
$2.66B
Next Earnings
Feb 29, 2024
Next Dividend
N/A

GDRX Fundamentals

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on GDRX's stock page.

Is GDRX stock undervalued?

Analysts use many financial metrics, analyses, models, and charts to gauge GDRX's intrinsic value.

Using relative valuations methods:

  • GDRX could be overvalued based on its P/E ratio of 218x, relative to Health Information Services industry P/E ratio of 40.44x
  • GDRX may be undervalued based on its P/B ratio of 3.01x, relative to Health Information Services industry P/B ratio of 3.54x
  • GDRX could be overvalued based on its PEG ratio of 1.43x

You can do more valuation research on GDRX's stock here.

How do GDRX Financials look?

Pros:

  • There are more short-term assets than long-term liabilities on the GDRX balance sheet.
  • GDRX's operating cash flow of $154.30M allows it to safely service it's debt of $711.48M.
  • There are more short-term assets than short-term liabilities on the GDRX balance sheet.
  • GDRX profit margin has gone up from -8.9% to 2% in the past year.

Cons:

  • GDRX earnings of $18.15M is not enough to cover its interest payments.
  • GDRX has a relatively high debt to equity ratio of 0.94.

Is Goodrx Holdings stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 6 Equities analysts who monitor GDRX, the consensus analyst rating on GDRX is a Hold

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Latest GDRX Analyst Recommendations

Ricky Goldwasser, a top 6% analyst from Morgan Stanley maintains GDRX with a hold rating and lowers their GDRX price target from $8.00 to $5.50, on Nov 10, 2023.

You can dive deeper into what analysts are saying on the Goodrx Holdings stock forecast page.

GDRX Trading Indicators

SMA10
6.54
SMA20
6.38
SMA50
6.29
SMA100
5.87
SMA200
6.02
MACD
0.08
MACD Signal
0.07
MACD Histogram
0.01
RSI
54.12
Stochastic %K
61.23
Stochastic %D
61.35
StochRSI %K
60.64
StochRSI %D
61.97

GDRX Growth Metrics

Last year, GDRX revenue was $737.73M. In the last 3 year, GDRX's revenue has gone up by 76.37% per year. This was faster than the Health Information Services industry average of 22.16%.

You can research GDRX's earnings and revenue performance here.

Who is buying/selling GDRX?

In the past year, insiders at GDRX have sold more shares than they have bought.

Raj Beri, CHIEF OPERATING OFFICER of GDRX, was the latest GDRX insider to sell. They sold $85,829.78 worth of GDRX stock on Feb 8, 2024.

Learn more about who owns GDRX shares here.

Can I rely on GDRX as an income stream?

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

What others are saying about GDRX

One of the biggest 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 GDRX trade

You have 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 generally the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.

Hit the Open Trade button and your broker will execute your order.

If you want additional help with buying stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Watch your GDRX investment

Now that you own some shares in GDRX, you'll want to keep up with your investment.

Put GDRX on a watchlist to track your GDRX stock.

GDRX Feed

How to Buy Stock in Goodrx Holdings

To reiterate, here are the 6 steps to buy Goodrx Holdings stock:

  1. Decide where to buy Goodrx Holdings stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Goodrx Holdings stock
  5. Execute your GDRX trade
  6. Watch your GDRX investment

If you need a online 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 would like to get notifications regarding your new investment in Goodrx Holdings, hit the button below to create your watchlist.

NASDAQ: GDRX
$6.54+0.00 (+0%)
Updated Feb 22, 2024
Open eToro Account
NASDAQ: GDRX
$6.54+0.00 (+0%)
Updated Feb 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Goodrx Holdings share?

As of Feb 22, 2024, it costs $6.54 to buy one share of Goodrx Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.459 shares of GDRX.

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.

Is now a good time to buy Goodrx Holdings stock?

According to 6 Wall Street analysts who monitor Goodrx Holdings, their consensus recommendation is to hold Goodrx Holdings stock.

What is the best way to buy Goodrx Holdings stock?

One way to place an order for Goodrx Holdings 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.