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 $6.73, up 3.54% from the previous day, and has increased 16.84% in one year. It has overperformed other stocks in the Health Information Services industry by 0.44 percentage points. Goodrx Holdings stock is currently +62.76% from its 52-week low of $4.14, and -28.18% from its 52-week high of $9.37.
There are currently 395M shares of GDRX outstanding. The market cap of GDRX is $2.66B. In the last 24 hours, 590,908 GDRX shares were traded.
How to Buy Goodrx Holdings Stock
Wondering how to invest in Goodrx Holdings stock? Here's how.
- 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.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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
- 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.
- Enter your personal data to create a new brokerage account.
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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.
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 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/B ratio of 3.49x, relative to Health Information Services industry P/B ratio of 3.36x
You can do additional valuation research on GDRX's stock here.
GDRX Financial Health
Pros:
- There are more short-term assets than short-term liabilities on the GDRX balance sheet.
- There are more short-term assets than long-term liabilities on the GDRX balance sheet.
- Total GDRX debt is lower than 5 years ago, relative to shareholder equity.
- GDRX profit margin has gone up from -4.3% to -1.2% in the past year.
Cons:
- GDRX has a relatively high debt to equity ratio of 1.09.
- GDRX earnings of $1.16M is not enough to cover its interest payments.
- GDRX's operating cash flow of $138.29M allows it to safely service it's debt of $711.07M.
Do analysts think it's a good time to buy GDRX stock
Out of 11 Equities analysts who give forecasts on GDRX, the consensus analyst rating on GDRX is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest GDRX Analyst Ratings
Charles Rhyee, a bottom 7% analyst from TD Cowen maintains GDRX with a buy rating and raises their GDRX price target from $12.00 to $14.00, on Mar 1, 2024.
Lisa Gill, a top 21% analyst from JP Morgan upgrades GDRX to a strong buy rating and raises their GDRX price target from $7.00 to $10.00, on Mar 1, 2024.
Steven Valiquette, a bottom 7% analyst from Barclays maintains GDRX with a strong buy rating and raises their GDRX price target from $8.00 to $9.00, on Mar 1, 2024.
Michael Cherny, a bottom 14% analyst from Leerink Partners initiates coverage on GDRX with a buy rating and announces their GDRX price target of $8.00, on Feb 26, 2024.
Doug Anmuth, a top 1% analyst from JP Morgan maintains GDRX with a hold rating and lowers their GDRX price target from $7.00 to $6.00, on Nov 17, 2023.
You can dive deeper into what analysts are saying on the Goodrx Holdings stock forecast page.
GDRX Trading Indicators
GDRX Growth Metrics
Last year, GDRX revenue was $750.27M. During the past five year, GDRX's revenue has grown by 24.63% per year. This was faster than the Health Information Services industry average of 19.86%.
Dive into GDRX's earnings and revenue performance here.
Are GDRX executives and large shareholders buying or selling the stock?
Over the past 12 months, executives and large shareholders at GDRX have sold more shares than they have bought.
Romin Nabiey, Chief Accounting Officer of GDRX, was the latest GDRX insider to sell. They sold $6,351.90 worth of GDRX stock on Apr 15, 2024.
Learn more about who owns GDRX shares here.
Can I get consistent income from GDRX stock?
No, Goodrx Holdings doesn't provide an income stream by paying out dividends.
GDRX Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your GDRX trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and your broker will execute your order.
If you need additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Watch your GDRX investment
Now that you own some shares in GDRX, you'll want to stay up-to-date on your shares.
Create a watchlist to get notified of important updates regarding your GDRX stock.
GDRX Feed
How to Buy Stock in Goodrx Holdings
To reiterate, here are the 6 steps for buying Goodrx Holdings stock:
- Decide where to buy Goodrx Holdings stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Evaluate Goodrx Holdings stock
- Execute your GDRX trade
- Watch your GDRX investment
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your investment in Goodrx Holdings, hit the button below to create your watchlist.
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