How to Buy Ligand Pharmaceuticals Stock
Ligand Pharmaceuticals Inc
Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing or acquiring technologies that help pharmaceutical companies to discover and develop medicines worldwide.
Ligand Pharmaceuticals stock last closed at $70.57, up 0.28% from the previous day, and has decreased 9.02% in one year. It has overperformed other stocks in the Biotechnology industry by 0.13 percentage points. Ligand Pharmaceuticals stock is currently +43.32% from its 52-week low of $49.24, and -25.38% from its 52-week high of $94.57.
There are currently 17.71M LGND shares outstanding. The market capitalization of LGND is $1.25B. In the last 24 hours, 88,152 LGND shares were traded.
How to Buy Ligand Pharmaceuticals Stock
Wondering how to invest in Ligand Pharmaceuticals stock? Here's how.
- Decide where to buy Ligand Pharmaceuticals stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Ligand Pharmaceuticals stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your payment method and add your details.
- Research Ligand Pharmaceuticals stock: The Ligand Pharmaceuticals ticker symbol is LGND. Is Ligand Pharmaceuticals stock a good investment? Should you buy shares of LGND? How do LGND's underlying business fundamentals look? Do top analysts think Ligand Pharmaceuticals is a good buy? Why has LGND's stock price moved recently? (Hint: Our stock analysis website can help you figure out if LGND is a good stock to buy).
- Execute your LGND trade: Decide if you will purchase LGND shares at the current market price or use a limit order to purchase LGND stock at a particular price.
- Watch your investment in LGND: Create a watchlist to get the latest news on your position in Ligand Pharmaceuticals shares.
Step 1: Decide where to buy Ligand Pharmaceuticals stock
You will need an online brokerage account in order to access the NASDAQ market and buy LGND stock.
Our preferred brokerage: eToro
We believe that eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Healthcare, New York to Hong Kong — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top 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 stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal info so you are able to invest in LGND stock today.
How to Set Up 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 start a new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on the best investment app, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing money into your brokerage account.
Step 4: Research Ligand Pharmaceuticals stock
Once you have identified the best place to buy Ligand Pharmaceuticals stock, it's crucial to analyze their stock prior to investing, so you actually wrap your head around the risk and opportunity.
Ligand Pharmaceuticals quick stats
Ligand Pharmaceuticals Due Diligence Checks
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on LGND's stock page.
How is LGND stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LGND's intrinsic value.
Using relative valuations ratios:
- LGND could be undervalued based on its P/B ratio of 1.78x, relative to Biotechnology industry P/B ratio of 5.85x
You can access additional valuation research on LGND's stock here.
LGND Financial Overview
Positive Health Checks:
- Total LGND debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the LGND balance sheet.
- There are more short-term assets than short-term liabilities on the LGND balance sheet.
- LGND has cash burn of 3854000. It has enough cash and short-term investments to cover this for at least one year.
- LGND has $22.95M in cash and short term investments. This is sufficient to cover its annual cash burn of $3.85M.
- LGND has a low debt to equity ratio of 0.12.
Is LGND stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who research LGND, the consensus analyst rating on Ligand Pharmaceuticals is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Ligand Pharmaceuticals stock forecast page.
Metrics for Advanced LGND Traders
Latest Insiders Trades at LGND
Over the past year, executives and large shareholders at LGND have sold more shares than they have bought.
John W. Kozarich, Director of LGND, was the latest LGND insider to buy. They bought $113,839.55 worth of LGND shares on Apr 24, 2024.
Get more info about who owns LGND stock here.
Can I rely on LGND as an income stream?
No, Ligand Pharmaceuticals doesn't provide an income stream by paying out dividends.
What do other investors have to say about LGND?
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 LGND trade
You have two primary 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 generally sufficient. - Limit order: A limit order is an order 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 given price, use a limit order.
Click the Open Trade button and eToro will place the order.
If you want more help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your investment in LGND
Now that you own some LGND shares, you'll want to keep up with your new investment.
Make a watchlist to track the latest developments regarding your LGND stock.
LGND Feed
How to Buy Stock in Ligand Pharmaceuticals
To summarize, here are the 6 steps for buying Ligand Pharmaceuticals stock:
- Decide where to buy Ligand Pharmaceuticals stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Ligand Pharmaceuticals stock
- Execute your LGND trade
- Watch your investment in LGND
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Ligand Pharmaceuticals, hit the button below to create your watchlist.
More Stock Buying Guides You Might Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.