How to Buy Harmony Biosciences Holdings Stock
Harmony Biosciences Holdings Inc
Harmony Biosciences Holdings, Inc. , a commercial-stage pharmaceutical company, develops and commercializes therapies for patients with rare neurological disorders in the United States.
Harmony Biosciences Holdings stock last closed at $29.19, down 1.98% from the previous day, and has decreased 12.47% in one year. It has overperformed other stocks in the Biotechnology industry by 0.13 percentage points. Harmony Biosciences Holdings stock is currently +56.84% from its 52-week low of $18.61, and -25.66% from its 52-week high of $39.27.
There are currently 56.77M shares of HRMY outstanding. The market value of HRMY is $1.66B. In the past 24 hours, 326,105 HRMY shares were traded.
How to Buy Harmony Biosciences Holdings Stock
Not sure how to invest in Harmony Biosciences Holdings stock? Here's how.
- Choose where to buy Harmony Biosciences Holdings stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Harmony Biosciences Holdings stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your information.
- Research Harmony Biosciences Holdings stock: The Harmony Biosciences Holdings ticker symbol is HRMY. Is Harmony Biosciences Holdings stock a good investment? Should you buy shares of HRMY? How do HRMY's underlying business fundamentals look? Do top analysts think Harmony Biosciences Holdings is a good buy? Why has HRMY's stock price moved recently? (Hint: Our stock market research website can help you figure out if HRMY is a good stock to buy).
- Make your HRMY purchase: Decide if you will purchase HRMY shares at the current market price or use a limit order to buy HRMY shares at a particular price.
- Get updates on your investment in HRMY: Create a watchlist to key updates about your investment in Harmony Biosciences Holdings stock.
Step 1: Choose where to buy Harmony Biosciences Holdings stock
You need an online brokerage account to access the NASDAQ market and buy HRMY shares.
Our favorite brokerage: eToro
In our opinion, eToro is the best online stock brokerage. Here's why:
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you can invest in HRMY 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 info to start a new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your new brokerage account.
Step 4: Research Harmony Biosciences Holdings stock
After you have figured out the best place to buy Harmony Biosciences Holdings stock, it's critical to evaluate their stock prior to investing, so you truly understand the risk and upside.
Harmony Biosciences Holdings stock data
Harmony Biosciences Holdings Zen Score
WallStreetZen was created to help average investors do better fundamental analysis.
You can see all of the due diligence checks on HRMY's stock page.
Is HRMY stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge HRMY's fair value.
Using relative valuations ratios:
- HRMY may be undervalued based on its P/E ratio of 13.45x, relative to Biotechnology industry P/E ratio of 15.83x
- HRMY could be undervalued based on its P/B ratio of 3.55x, relative to Biotechnology industry P/B ratio of 5.83x
- HRMY may be undervalued based on its PEG ratio of 0.32x
You can access more valuation research on HRMY's stock here.
HRMY Financial Health
Signs that HRMY is financially healthy:
- There are more short-term assets than short-term liabilities on the HRMY balance sheet.
- Total HRMY debt is lower than 5 years ago, relative to shareholder equity.
- HRMY's operating cash flow of $219.39M allows it to safely service it's debt of $193.57M.
- HRMY earnings of $197.15M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the HRMY balance sheet.
Signs that HRMY is not financially healthy:
- HRMY profit margin has gone down from 41.4% to 22.1% in the past year.
- HRMY has a relatively high debt to equity ratio of 0.74.
Do Wall Street analysts think it's a good time to buy HRMY stock
Out of 6 sell side analysts who track HRMY, the consensus analyst rating on HRMY is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent HRMY Analyst Ratings
Danielle Brill, a bottom 5% analyst from Raymond James maintains HRMY with a buy rating and raises their HRMY price target from $26.00 to $27.00, on Nov 1, 2023.
You can dig deeper into what analysts are forecasting on the Harmony Biosciences Holdings stock forecast page.
HRMY Trading Indicators
Is HRMY Growing Revenue?
Last year, HRMY earnings were $128.85M. In the past 2 year, HRMY's earnings have grown by 90.18% per year. This was faster than the Biotechnology industry average of 15.76%.
Last year, HRMY revenue was $582.02M. Over the past four year, HRMY's revenue has grown by 213.9% per year. This was faster than the Biotechnology industry average of 29.02%.
You can analyze HRMY's earnings and revenue performance here.
Latest Insiders Trades at HRMY
Over the last 12 months, executives and large shareholders at HRMY have sold more shares than they have bought.
Sandip Kapadia, CHIEF FINANCIAL OFFICER of HRMY, was the latest HRMY insider to sell. They sold $269,076.54 worth of HRMY stock on Mar 29, 2024.
Dig into more about who owns HRMY stock here.
Can I get consistent income from HRMY stock?
No, Harmony Biosciences Holdings doesn't provide an income stream by paying out dividends.
What do other traders have to say about HRMY?
One of the major 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: Make your HRMY purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
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 given dollar amount limit, place a limit order.
Click the Open button and eToro will place the order.
If you require additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your investment in HRMY
Now that you own some HRMY shares, you'll want to keep up with your new company.
Create a watchlist to see the latest developments about your HRMY stock.
HRMY Feed
How to Buy Stock in Harmony Biosciences Holdings
To summarize, here are the 6 steps for buying Harmony Biosciences Holdings stock:
- Choose where to buy Harmony Biosciences Holdings stock
- Create a brokerage account
- Deposit money your investment account
- Research Harmony Biosciences Holdings stock
- Make your HRMY purchase
- Get updates on your investment in HRMY
If you need 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 Harmony Biosciences Holdings, create a watchlist on WallStreetZen today.
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