How to Buy Lexicon Pharmaceuticals Stock
Lexicon Pharmaceuticals Inc
Lexicon Pharmaceuticals, Inc. , a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products.
Lexicon Pharmaceuticals stock last closed at $1.71, up 3.64% from the previous day, and has decreased 27.85% in one year. It has underperformed other stocks in the Biotechnology industry by 0.05 percentage points. Lexicon Pharmaceuticals stock is currently +85.87% from its 52-week low of $0.92, and -54.87% from its 52-week high of $3.79.
At the moment, there are 246.24M LXRX shares outstanding. The market capitalization of LXRX is $421.06M. In the past 24 hours, 4.08M LXRX shares were traded.
How to Buy Lexicon Pharmaceuticals Stock
Not sure how to invest in Lexicon Pharmaceuticals stock? Here's how.
- Figure out where to buy Lexicon Pharmaceuticals stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Lexicon Pharmaceuticals stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your info.
- Research Lexicon Pharmaceuticals stock: The Lexicon Pharmaceuticals ticker symbol is LXRX. Is Lexicon Pharmaceuticals stock a good investment? Should you buy shares of LXRX? How do LXRX's underlying business fundamentals look? Do top analysts think Lexicon Pharmaceuticals is a good buy? Why has LXRX's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if LXRX is a good stock to buy).
- Make your LXRX buy order: Decide if you will purchase LXRX shares at the current market price or use a limit order to buy LXRX shares at a specific price.
- Keep an eye on your LXRX investment: Create a watchlist to watch your investment in Lexicon Pharmaceuticals shares.
Step 1: Figure out where to buy Lexicon Pharmaceuticals stock
You need an online brokerage account in order to access the NASDAQ market and buy LXRX shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to invest in LXRX today.
How to Start 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 data to create your new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on a good stock buying app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your brokerage account.
Step 4: Research Lexicon Pharmaceuticals stock
Once you have decided on the best place to buy Lexicon Pharmaceuticals stock, it's crucial to evaluate their stock before you buy, so you actually understand the risk as well as the opportunity.
Overview of key LXRX info
LXRX Overview
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on LXRX's stock page.
Is LXRX stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LXRX's fair value.
Using relative valuations measures:
- LXRX could be undervalued based on its P/B ratio of 4.52x, relative to Biotechnology industry P/B ratio of 5.82x
You can do more valuation research on LXRX's stock here.
How do LXRX Financials look?
Positive Financial Indicators:
- LXRX has cash burn of 162367000. It has enough cash and short-term investments to cover this for at least one year.
- Total LXRX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the LXRX balance sheet.
- There are more short-term assets than long-term liabilities on the LXRX balance sheet.
Negative Financial Indicators:
- LXRX profit margin has gone up by 586.3 percentage points in the past year, but the company is still unprofitable.
- LXRX has a relatively high debt to equity ratio of 1.46.
- LXRX has $170.03M in cash and short term investments. This is not enough to cover its annual cash burn of $162.37M.
You can dig deeper into what analysts are projecting on the Lexicon Pharmaceuticals stock forecast page.
LXRX Technical Indicators
Is LXRX Growing Revenue?
Last year, LXRX revenue was $1.20M. In the last 5 year, LXRX's revenue has increased by -54.71% per year. This was slower than the Biotechnology industry average of 28.97%.
Find out more about LXRX's earnings and revenue performance here.
What are LXRX executives and large shareholders up to?
In the past year, executives and large shareholders at LXRX have bought more shares than they have sold.
International Sca Artal, Director of LXRX, was the latest LXRX insider to buy. They bought $124,875,037.00 worth of LXRX shares on Mar 13, 2024.
Research more about who owns LXRX stock here.
Does LXRX stock generate passive income?
No, Lexicon Pharmaceuticals doesn't provide an income stream by paying out dividends.
What others are saying about LXRX
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your LXRX buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, place a limit order.
Press the Open button and eToro will execute your order.
If you want more info about investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your LXRX investment
Now that you own some LXRX shares, you'll want to stay up-to-date on your new investment.
Put LXRX on a watchlist to track your LXRX stock.
LXRX Feed
How to Buy Stock in Lexicon Pharmaceuticals
To reiterate, here are the 6 steps to buy Lexicon Pharmaceuticals stock:
- Figure out where to buy Lexicon Pharmaceuticals stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Lexicon Pharmaceuticals stock
- Make your LXRX buy order
- Keep an eye on your LXRX investment
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Lexicon Pharmaceuticals, click the button below.
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