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.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Choose your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Send your info by clicking the "Create Account" button.
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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.

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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

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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

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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.

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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.

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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.


How to Buy Stock in Lumiradx

To summarize, here are the 6 steps you need to take to buy Lumiradx stock right now:

  1. Figure out where to buy Lumiradx stock
  2. Create a brokerage account
  3. Put funds into your investment account
  4. Analyze Lumiradx stock
  5. Place your LMDX purchase
  6. Track your LMDX position

If you require a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your investment in Lumiradx, add LMDX to your watchlist by clicking the button below.

$0.10-0.01 (-8.18%)
Updated Dec 7, 2023
Open eToro Account
$0.10-0.01 (-8.18%)
Updated Dec 7, 2023
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How much does it cost to buy one Lumiradx share?

As of Dec 7, 2023, it costs $0.10 to buy one share of Lumiradx stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.05, you can buy 0.5 shares of LMDX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Lumiradx stock?

According to 1 Wall Street analysts who monitor Lumiradx, their consensus recommendation is to buy Lumiradx stock.

What is the best way to buy Lumiradx stock?

One way to place an order for Lumiradx stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.