How to Buy Idexx Laboratories Stock
Idexx Laboratories Inc
IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide.
Idexx Laboratories stock last closed at $422.92, up 1.02% from the previous day, and has decreased 18.67% in one year. It has overperformed other stocks in the Diagnostics & Research industry by 0.09 percentage points. Idexx Laboratories stock is currently +6.13% from its 52-week low of $398.50, and -27.51% from its 52-week high of $583.39.
There are currently 81.88M shares of IDXX outstanding. The market capitalization of IDXX is $34.63B. In the past 24 hours, 584,416 IDXX shares were traded.
How to Buy Idexx Laboratories Stock
Wondering how to invest in Idexx Laboratories stock? Here's how.
- Figure out where to buy Idexx Laboratories stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Idexx Laboratories stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- Research Idexx Laboratories stock: The Idexx Laboratories ticker symbol is IDXX. Is Idexx Laboratories stock a good investment? Should you buy shares of IDXX? How do IDXX's underlying business fundamentals look? Do top analysts think Idexx Laboratories is a good buy? Why has IDXX's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if IDXX is a good stock to buy).
- Place your IDXX purchase: Decide if you will purchase IDXX shares at the current market price or use a limit order to buy IDXX shares at a specific price.
- Keep tabs on your IDXX position: Create a watchlist to important updates regarding your investment in Idexx Laboratories shares.
Step 1: Figure out where to buy Idexx Laboratories stock
You will need a brokerage account in order to access the NASDAQ market and buy IDXX stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you are able to buy IDXX stock today.
How to Create a New 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 open your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on stock apps to use, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring funds into your investment account.
Step 4: Research Idexx Laboratories stock
Once you have figured out the best place to buy Idexx Laboratories stock, it's very important to research their stock prior to investing, so you actually understand the risk as well as the opportunity.
Overview of key IDXX info
IDXX Due Diligence Score
WallStreetZen was built to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on IDXX's stock page.
Is IDXX stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge IDXX's fair value.
Using relative valuations methods:
- IDXX may be overvalued based on its P/E ratio of 40.39x, relative to Diagnostics & Research industry P/E ratio of 24.51x
- IDXX may be overvalued based on its P/B ratio of 21.4x, relative to Diagnostics & Research industry P/B ratio of 4.08x
- IDXX may be overvalued based on its PEG ratio of 2.91x
You can access additional valuation analysis on IDXX's stock here.
A look at IDXX Cashflows and Balance Sheet
Passed Health Checks:
- Total IDXX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the IDXX balance sheet.
- IDXX's operating cash flow of $916.83M allows it to safely service it's debt of $977.32M.
- There are more short-term assets than short-term liabilities on the IDXX balance sheet.
- IDXX earnings of $1.13B is not sufficient to cover its interest payments.
Failed Health Checks:
- IDXX profit margin has gone down from 22.9% to 22.5% in the past year.
- IDXX has a relatively high debt to equity ratio of 1.07.
Do analysts think it's a good time to buy IDXX stock
Out of 6 Wall Street analysts who monitor IDXX, the consensus analyst rating on Idexx Laboratories is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest IDXX Analyst Forecasts
Mark Massaro, a top 24% analyst from BTIG initiates coverage on IDXX with a strong buy rating and announces their IDXX price target of $580.00, on Jul 25, 2024.
You can dig deeper into what analysts are forecasting on the Idexx Laboratories stock forecast page.
IDXX Technicals
Is IDXX Making Money?
Last year, IDXX earnings were $866.24M. During the past 5 year, IDXX's earnings have grown by 16.4% per year. This was faster than the Diagnostics & Research industry average of 10.62%.
Last year, IDXX revenue was $3.84B. In the last five year, IDXX's revenue has gone up by 10.34% per year. This was faster than the Diagnostics & Research industry average of 9.66%.
You can analyze IDXX's earnings and revenue performance here.
Who is buying/selling IDXX?
Over the last year, insiders at IDXX have sold more shares than they have bought.
Sophie V. Vandebroek, Director of IDXX, was the latest IDXX insider to sell. They sold $144,629.64 worth of IDXX stock on Nov 27, 2024.
Learn more about who owns IDXX shares here.
Can I get consistent income from IDXX stock?
No, Idexx Laboratories doesn't provide an income stream by paying out dividends.
What do other traders have to say about IDXX?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your IDXX purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly 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 certain you're buying or selling at a particular price limit, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your IDXX position
Now that you own some IDXX shares, you'll want to keep up with your new company.
Add IDXX to a watchlist to monitor your IDXX stock.
IDXX Feed
How to Buy Stock in Idexx Laboratories
To reiterate, here are the 6 steps to buy stock in Idexx Laboratories:
- Figure out where to buy Idexx Laboratories stock
- Create your brokerage account
- Put funds into your brokerage account
- Research Idexx Laboratories stock
- Place your IDXX purchase
- Keep tabs on your IDXX position
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Idexx Laboratories, add IDXX to your watchlist below.
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