How to Buy Lumiradx Stock
Lumiradx Ltd
LumiraDx Limited operates as a point of care diagnostics company. The company focuses on transforming community-based healthcare by providing critical diagnostic information to healthcare providers.
Lumiradx stock last closed at $0.10, down 8.18% from the previous day, and has decreased 90.73% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.78 percentage points. Lumiradx stock is currently +32.89% from its 52-week low of $0.08, and -92.41% from its 52-week high of $1.33.
At the moment, there are 318.88M shares of LMDX outstanding. The market cap of LMDX is $32.21M. In the last 24 hours, 5.99M LMDX shares were traded.
How to Buy Lumiradx Stock
Not sure how to invest in Lumiradx stock? Here's how.
- Figure out where to buy Lumiradx stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Lumiradx stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your payment method and add your info.
- Analyze Lumiradx stock: The Lumiradx ticker symbol is LMDX. Is Lumiradx stock a good investment? Should you buy shares of LMDX? How do LMDX's underlying business fundamentals look? Do top analysts think Lumiradx is a good buy? Why has LMDX's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if LMDX is a good stock to buy).
- Place your LMDX purchase: Decide if you will purchase LMDX shares at the current market price or use a limit order to purchase LMDX shares at a particular price.
- Track your LMDX position: Create a watchlist to important updates regarding your position in Lumiradx stock.
Step 1: Figure out where to buy Lumiradx stock
You will need a brokerage account in order to access the NASDAQ market and buy LMDX stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
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- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro boasts 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 assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal information so you are able to buy LMDX 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.
- Provide your personal info to start your new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on the greatest app to buy stocks, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Analyze Lumiradx stock
After you have decided on the best place to buy Lumiradx stock, it's absolutely critical to evaluate their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Lumiradx Numbers
Fundamentals of LMDX
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on LMDX's stock page.
Is LMDX stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LMDX's intrinsic value.
You can access additional valuation research on LMDX's stock here.
A quick look at LMDX Financials
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the LMDX balance sheet.
Negative Health Checks:
- LMDX has cash burn of 140518000. It does not have enough cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the LMDX balance sheet.
- Total LMDX debt is still negative.
- LMDX debt to equity ratio of -2.6 is negative.
- LMDX has $25.34M in cash and short term investments. This is not enough to cover its annual cash burn of $140.52M.
- LMDX profit margin has gone down from -27.2% to -267.2% in the past year.
Is it a good time to buy Lumiradx stock, according to Wall Street analysts?
Out of 1 sell side analysts who give recommendations on LMDX, the consensus analyst rating on LMDX is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Lumiradx stock forecast page.
LMDX Trading Indicators
Is LMDX Growing Revenue?
Last year, LMDX revenue was $126.52M. During the last 2 year, LMDX's revenue has increased by -37.15% per year. This was slower than the Diagnostics & Research industry average of 13%.
You can research LMDX's earnings and revenue performance here.
What are LMDX insiders up to?
In the past 12 months, executives and large shareholders at LMDX have not bought or sold any shares.
Get more info about who owns LMDX shares here.
Can I get consistent income from LMDX stock?
No, Lumiradx doesn't provide an income stream by paying out dividends.
What do other traders have to say about LMDX?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your LMDX purchase
There are 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 generally the best for newer investors. - 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 particular dollar amount limit, use a limit order.
Click the Open button and eToro will place the order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Track your LMDX position
Now that you own some LMDX stock, you'll want to keep up with your investment.
Add LMDX to a watchlist to get alerted to the latest events about your LMDX stock.
LMDX Feed
How to Buy Stock in Lumiradx
To summarize, here are the 6 steps you need to take to buy Lumiradx stock right now:
- Figure out where to buy Lumiradx stock
- Create a brokerage account
- Put funds into your investment account
- Analyze Lumiradx stock
- Place your LMDX purchase
- Track your LMDX position
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Lumiradx, add LMDX to your watchlist by clicking the button below.
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