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How to Buy Madrigal Pharmaceuticals Stock

Madrigal Pharmaceuticals Inc

Madrigal Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases.

Madrigal Pharmaceuticals stock last closed at $267.04, up 3.18% from the previous day, and has increased 10.9% in one year. It has overperformed other stocks in the Biotechnology industry by 0.15 percentage points. Madrigal Pharmaceuticals stock is currently +122.98% from its 52-week low of $119.76, and -17.24% from its 52-week high of $322.67.

As of Mar 28, 2024, there are 19.9M MDGL shares outstanding. The market value of MDGL is $5.31B. In the last 24 hours, 441,040 MDGL shares were traded.

How to Buy Madrigal Pharmaceuticals Stock

Not sure how to invest in Madrigal Pharmaceuticals stock? Here's how.
  1. Choose where to buy Madrigal Pharmaceuticals stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Madrigal Pharmaceuticals stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Pick your payment method and add your details.
  4. Research Madrigal Pharmaceuticals stock: The Madrigal Pharmaceuticals ticker symbol is MDGL. Is Madrigal Pharmaceuticals stock a good investment? Should you buy shares of MDGL? How do MDGL's underlying business fundamentals look? Do top analysts think Madrigal Pharmaceuticals is a good buy? Why has MDGL's stock price moved recently? (Hint: Our stock analysis website can help you decide if MDGL is a good stock to buy).
  5. Make your MDGL purchase: Decide if you will purchase MDGL shares at the current market price or use a limit order to buy MDGL stock at a given price.
  6. Get key alerts regarding your MDGL investment: Create a watchlist to get live updates on your position in Madrigal Pharmaceuticals stock.

Step 1: Choose where to buy Madrigal Pharmaceuticals stock

You will need a brokerage account in order to access the NASDAQ market and buy MDGL shares.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to invest in MDGL stock today.

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  1. Submit your details by pressing the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you've filled out your info on app for stock, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of depositing money into your investment account.

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Step 4: Research Madrigal Pharmaceuticals stock

Once you have chosen the best place to buy Madrigal Pharmaceuticals stock, it's crucial to research their stock prior to buying, so you truly understand the risk as well as the opportunity.

Madrigal Pharmaceuticals quick stats

MDGL Price
$267.04
1w %
4.61%
1y %
10.9%
5y %
111.94%
P/E
-13.36x
P/B
13.11x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$373.63M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$5.31B
Next Earnings
May 7, 2024
Next Dividend
N/A

Madrigal Pharmaceuticals Overview

WallStreetZen was designed to help average investors do more accurate fundamental analysis quickly.

You can view all of the due diligence checks on MDGL's stock page.

How is MDGL stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge MDGL's intrinsic value.

Using relative valuations methods:

  • MDGL may be overvalued based on its P/B ratio of 13.11x, relative to Biotechnology industry P/B ratio of 6.21x

You can access additional valuation research on MDGL's stock here.

A quick look at MDGL Financials

Signs that MDGL is financially healthy:

  • There are more short-term assets than short-term liabilities on the MDGL balance sheet.
  • MDGL has cash burn of 325709000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the MDGL balance sheet.

Signs that MDGL is not financially healthy:

  • MDGL has $634.13M in cash and short term investments. This is not enough to cover its annual cash burn of $325.71M.
  • Total MDGL debt is higher than 5 years ago, relative to shareholder equity.
  • MDGL has a relatively high debt to equity ratio of 0.58.

Do Wall Street analysts think it's a good time to buy Madrigal Pharmaceuticals stock

Out of 10 Wall Street analysts who track MDGL, the consensus analyst rating on MDGL is a Strong Buy

It's important to note that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent MDGL Analyst Recommendations

Edward Nash, a bottom 14% analyst from Canaccord Genuity maintains MDGL with a strong buy rating and raises their MDGL price target from $338.00 to $377.00, on Mar 15, 2024.

Mayank Mamtani, a top 3% analyst from B. Riley Securities upgrades MDGL to a hold rating and raises their MDGL price target from $155.00 to $270.00, on Mar 15, 2024.

Ed Arce, a top 6% analyst from HC Wainwright & Co. maintains MDGL with a buy rating and raises their MDGL price target from $405.00 to $425.00, on Mar 15, 2024.

Yasmeen Rahimi, a top 5% analyst from Piper Sandler reiterates MDGL with a strong buy rating and maintains their MDGL price target from $336.00 to $336.00, on Mar 14, 2024.

Jonathan Wolleben, a top 8% analyst from JMP Securities reiterates MDGL with a buy rating and maintains their MDGL price target from $347.00 to $347.00, on Feb 23, 2024.

You can dive deeper into what analysts are saying on the Madrigal Pharmaceuticals stock forecast page.

MDGL Momentum

SMA10
260.28
SMA20
257.63
SMA50
236.61
SMA100
221.6
SMA200
202.11
MACD
5.78
MACD Signal
7.26
MACD Histogram
-1.47
RSI
56.75
Stochastic %K
33.46
Stochastic %D
24.79
StochRSI %K
26.14
StochRSI %D
11.97

What are MDGL insiders up to?

In the last 12 months, insiders at MDGL have bought more shares than they have sold.

Alex G. Howarth, Chief Financial Officer of MDGL, was the latest MDGL insider to sell. They sold $260,262.64 worth of MDGL stock on Jan 16, 2024.

Research more about who owns MDGL shares here.

Does MDGL provide a stable income stream?

No, Madrigal Pharmaceuticals doesn't provide an income stream by paying out dividends.

Get analysis from other investors

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Step 5: Make your MDGL purchase

You have two main order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.

Click the Open button and your broker will place the order.

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Step 6: Get key alerts regarding your MDGL investment

Now that you own some MDGL shares, you'll want to keep up with your new stock purchase.

Start a watchlist to track your MDGL stock.

MDGL Feed

How to Buy Stock in Madrigal Pharmaceuticals

To reiterate, here are the 6 steps you need to take to buy Madrigal Pharmaceuticals stock right now:

  1. Choose where to buy Madrigal Pharmaceuticals stock
  2. Sign up for a brokerage account
  3. Deposit money your brokerage account
  4. Research Madrigal Pharmaceuticals stock
  5. Make your MDGL purchase
  6. Get key alerts regarding your MDGL investment

If you require a brokerage account, eToro is our favorite option.

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 want to keep an eye on your investment in Madrigal Pharmaceuticals, add MDGL to your watchlist below.

NASDAQ: MDGL
$267.04+8.23 (+3.18%)
Updated Mar 28, 2024
Open eToro Account
NASDAQ: MDGL
$267.04+8.23 (+3.18%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Madrigal Pharmaceuticals share?

As of Mar 28, 2024, it costs $267.04 to buy one share of Madrigal Pharmaceuticals stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.374 shares of MDGL.

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 Madrigal Pharmaceuticals stock?

According to 10 Wall Street analysts who monitor Madrigal Pharmaceuticals, their consensus recommendation is to buy Madrigal Pharmaceuticals stock.

What is the best way to buy Madrigal Pharmaceuticals stock?

One way to place an order for Madrigal Pharmaceuticals 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.