How to Buy Lifemd Stock
Lifemd Inc
LifeMD, Inc. operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for care across various indications, including concierge care, men's sexual health, dermatology, and others in the United States.
Lifemd stock last closed at $11.16, up 2.48% from the previous day, and has increased 556.47% in one year. It has overperformed other stocks in the Health Information Services industry by 5.84 percentage points. Lifemd stock is currently +697.14% from its 52-week low of $1.40, and -7.08% from its 52-week high of $12.01.
As of Apr 24, 2024, there are 40.37M LFMD shares outstanding. The market cap of LFMD is $450.49M. In the last 24 hours, 595,793 LFMD shares were traded.
How to Buy Lifemd Stock
Not sure how to invest in Lifemd stock? Here's how.
- Choose where to buy Lifemd stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Lifemd stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your information.
- Research Lifemd stock: The Lifemd ticker symbol is LFMD. Is Lifemd stock a good investment? Should you buy shares of LFMD? How do LFMD's underlying business fundamentals look? Do top analysts think Lifemd is a good buy? Why has LFMD's stock price moved recently? (Hint: Our stock analysis website can help you decide if LFMD is a good stock to buy).
- Place your LFMD trade: Decide if you will purchase LFMD shares at the current market price or use a limit order to buy LFMD shares at a given price.
- Get key alerts regarding your investment in LFMD: Create a watchlist to watch your investment in Lifemd shares.
Step 1: Choose where to buy Lifemd stock
You will need an online brokerage account to access the NASDAQ market and buy LFMD shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy LFMD stock today.
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- 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.
- Provide your personal info to open a new trading account.
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Step 3: Deposit money your investment account
Now that you've created your account on one of the best stock apps, you need to deposit funds:
Watch the video below to see the process of transferring money into your new brokerage account.
Step 4: Research Lifemd stock
Once you have selected the best place to buy Lifemd stock, it's very important to analyze their stock before you buy, so you truly comprehend the risk and upside.
Lifemd stock data
Lifemd Due Diligence Checks
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on LFMD's stock page.
Is LFMD stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge LFMD's intrinsic value.
Using relative valuations ratios:
- LFMD may be overvalued based on its P/B ratio of 128.51x, relative to Health Information Services industry P/B ratio of 3.39x
You can do additional valuation research on LFMD's stock here.
LFMD Financial Health Overview
Passed Health Checks:
- LFMD's operating cash flow of $8.82M allows it to safely service it's debt of $18.93M.
- There are more short-term assets than short-term liabilities on the LFMD balance sheet.
- There are more short-term assets than long-term liabilities on the LFMD balance sheet.
- LFMD profit margin has gone up from -40.9% to -15.5% in the past year.
Failed Health Checks:
- LFMD earnings of -$17.57M is not sufficient to cover its interest payments.
- LFMD has a relatively high debt to equity ratio of 15.1.
- Total LFMD debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy LFMD stock, according to Wall Street analysts?
Out of 5 sell side analysts who give recommendations on LFMD, the consensus analyst rating on LFMD is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Lifemd stock forecast page.
Metrics for Advanced LFMD Traders
LFMD Performance Numbers
Last year, LFMD revenue was $152.55M. In the past 5 year, LFMD's revenue has increased by 78.9% per year. This was faster than the Health Information Services industry average of 19.73%.
You can analyze LFMD's earnings and revenue performance here.
Are LFMD executives and large shareholders buying or selling the stock?
In the last year, insiders at LFMD have bought more shares than they have sold.
Piyush Jindal, Director of LFMD, was the latest LFMD insider to buy. They bought $94,500.00 worth of LFMD shares on Nov 6, 2023.
Research more about who owns LFMD stock here.
Does LFMD stock generate passive income?
No, Lifemd doesn't provide an income stream by paying out dividends.
What others are saying about LFMD
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: Place your LFMD trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open Trade button and your broker will place your order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in LFMD
Now that you own some shares in LFMD, you'll want to stay up-to-date on your new investment.
Add LFMD to a watchlist to track your LFMD stock.
LFMD Feed
How to Buy Stock in Lifemd
To reiterate, here are the 6 steps for buying Lifemd stock:
- Choose where to buy Lifemd stock
- Open a brokerage account
- Deposit money your investment account
- Research Lifemd stock
- Place your LFMD trade
- Get key alerts regarding your investment in LFMD
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Lifemd, click the button below.
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