How to Buy Guardant Health Stock
Guardant Health Inc
Guardant Health, Inc. , a precision oncology company, provides blood tests, data sets, and analytics in the United States and internationally.
Guardant Health stock last closed at $16.67, up 1.71% from the previous day, and has decreased 32.1% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.22 percentage points. Guardant Health stock is currently +4.91% from its 52-week low of $15.89, and -59.4% from its 52-week high of $41.06.
As of Apr 18, 2024, there are 121.71M shares of GH outstanding. The market capitalization of GH is $2.03B. In the past 24 hours, 1.58M GH shares were traded.
How to Buy Guardant Health Stock
Wondering how to invest in Guardant Health stock? Here's how.
- Decide where to buy Guardant Health stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Guardant Health stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your info.
- Analyze Guardant Health stock: The Guardant Health ticker symbol is GH. Is Guardant Health stock a good investment? Should you buy shares of GH? How do GH's underlying business fundamentals look? Do top analysts think Guardant Health is a good buy? Why has GH's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if GH is a good stock to buy).
- Execute your GH trade: Decide if you will purchase GH shares at the current market price or use a limit order to purchase GH stock at a given price.
- Keep an eye on your GH position: Create a watchlist to monitor your investment in Guardant Health shares.
Step 1: Decide where to buy Guardant Health stock
You will need a brokerage account to access the NASDAQ market and buy GH stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to invest in GH 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.
- Enter your personal details to create a new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best stock trading app, you need to deposit funds:
Check out the video below for more details depositing funds into your investment account.
Step 4: Analyze Guardant Health stock
After you have decided on the best place to buy Guardant Health stock, it's absolutely critical to analyze their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Guardant Health quick stats
GH Overview
WallStreetZen was built to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on GH's stock page.
Is GH stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge GH's intrinsic value.
Using relative valuations ratios:
- GH could be overvalued based on its P/B ratio of 12.79x, relative to Diagnostics & Research industry P/B ratio of 4.01x
You can do additional valuation analysis on GH's stock here.
GH Financial Summary
Passed Health Checks:
- GH has $1.17B in cash and short term investments. This is enough to cover its annual cash burn of $345.46M.
- GH has cash burn of 345461000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the GH balance sheet.
Failed Health Checks:
- GH profit margin has gone up by 0.61 percentage points in the past year, but the company is still unprofitable.
- GH has a relatively high debt to equity ratio of 10.26.
- There are more long-term liabilities than short-term assets on the GH balance sheet.
- Total GH debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy GH stock
Out of 6 Equities analysts who track GH, the consensus analyst rating on Guardant Health is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent GH Analyst Recommendations
Shannon O'Callaghan, a bottom 11% analyst from Morgan Stanley maintains GH with a strong buy rating and lowers their GH price target from $55.00 to $50.00, on Nov 8, 2023.
You can dive deeper into what analysts are saying on the Guardant Health stock forecast page.
GH Technical Indicators
GH Earnings
Last year, GH revenue was $563.95M. Over the last five year, GH's revenue has gone up by 44.14% per year. This was faster than the Diagnostics & Research industry average of 12.99%.
You can research GH's earnings and revenue performance here.
What are GH executives and large shareholders up to?
Over the past 12 months, executives and large shareholders at GH have sold more shares than they have bought.
John G. Saia, Chief Legal Officer of GH, was the latest GH insider to sell. They sold $46,079.06 worth of GH shares on Apr 15, 2024.
Research more about who owns GH stock here.
Does GH stock generate passive income?
No, Guardant Health doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your GH trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your GH position
Now that you own some GH shares, you'll want to stay up-to-date on your new stock purchase.
Add GH to a watchlist to keep tabs on your GH stock.
GH Feed
How to Buy Stock in Guardant Health
To summarize, here are the 6 steps to buy stock in Guardant Health:
- Decide where to buy Guardant Health stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Analyze Guardant Health stock
- Execute your GH trade
- Keep an eye on your GH position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Guardant Health, hit the button below to create your watchlist.
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