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 $233.00, down 1.14% from the previous day, and has increased 25.95% in one year. It has overperformed other stocks in the Biotechnology industry by 0.38 percentage points. Madrigal Pharmaceuticals stock is currently +94.56% from its 52-week low of $119.76, and -22.33% from its 52-week high of $299.98.
As of Sep 11, 2024, there are 21.71M MDGL shares outstanding. The market value of MDGL is $5.06B. In the last 24 hours, 159,327 MDGL shares were traded.
How to Buy Madrigal Pharmaceuticals Stock
Not sure how to invest in Madrigal Pharmaceuticals stock? Here's how.
- 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.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your details.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro boasts a community with 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 fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 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.
How to Create 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.
- Provide your personal data to start your new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
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.
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
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 undervalued based on its P/B ratio of 5.9x, relative to Biotechnology industry P/B ratio of 6.41x
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 455818000. It has sufficient cash and short-term investments to cover this for at least one year.
- MDGL has a low debt to equity ratio of 0.28.
- MDGL has $1.06B in cash and short term investments. This is enough to cover its annual cash burn of $455.82M.
- There are more short-term assets than long-term liabilities on the MDGL balance sheet.
Signs that MDGL is not financially healthy:
- MDGL profit margin has gone down from N/A to -3,487.1% in the past year.
- Total MDGL debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Madrigal Pharmaceuticals stock, according to Wall Street analysts?
Out of 11 Wall Street analysts who track MDGL, the consensus analyst rating on Madrigal Pharmaceuticals is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent MDGL Analyst Upgrades/Downgrades
Alexandria Hammond, a bottom 30% analyst from Bank of America initiates coverage on MDGL with a sell rating and announces their MDGL price target of $150.00, on Apr 22, 2024.
Eliana Merle, a top 18% analyst from UBS maintains MDGL with a strong buy rating and raises their MDGL price target from $337.00 to $410.00, on Mar 15, 2024.
Ritu Baral, a bottom 2% analyst from TD Cowen maintains MDGL with a buy rating and raises their MDGL price target from $349.00 to $390.00, on Mar 15, 2024.
Jay Olson, a top 3% analyst from Oppenheimer maintains MDGL with a buy rating and raises their MDGL price target from $320.00 to $375.00, on Mar 15, 2024.
Edward Nash, a top 27% 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.
You can dive deeper into what analysts are saying on the Madrigal Pharmaceuticals stock forecast page.
MDGL Technicals
What are MDGL insiders up to?
Over the past 12 months, insiders at MDGL have bought more shares than they have sold.
William John Sibold, President and CEO of MDGL, was the latest MDGL insider to sell. They sold $1,551,490.29 worth of MDGL shares on Sep 9, 2024.
Learn more about who owns MDGL stock here.
Does MDGL stock generate passive income?
No, Madrigal Pharmaceuticals doesn't provide an income stream by paying out dividends.
What do other investors have to say about MDGL?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your MDGL purchase
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 fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.
Press the Open Trade button and eToro will place your order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your MDGL investment
Now that you own some MDGL shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to monitor your MDGL stock.
MDGL Feed
How to Buy Stock in Madrigal Pharmaceuticals
To reiterate, here are the 6 steps to buy stock in Madrigal Pharmaceuticals:
- Choose where to buy Madrigal Pharmaceuticals stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Research Madrigal Pharmaceuticals stock
- Make your MDGL purchase
- Get key alerts regarding your MDGL investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Madrigal Pharmaceuticals, add MDGL to your watchlist by clicking the button below.
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