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 $150.94, down 1.57% from the previous day, and has increased 139.51% in one year. It has overperformed other stocks in the Biotechnology industry by 1.7 percentage points. Madrigal Pharmaceuticals stock is currently +163.83% from its 52-week low of $57.21, and -53.22% from its 52-week high of $322.67.
As of Sep 25, 2023, there are 18.47M MDGL shares outstanding. The market value of MDGL is $2.79B. In the last 24 hours, 252,751 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:
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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.
- Provide your personal data to start your new trading account.
- Submit your details by pressing the "Create Account" button.
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 overvalued based on its P/B ratio of 26.94x, relative to Biotechnology industry P/B ratio of 5.09x
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 277127000. 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 $298.42M in cash and short term investments. This is not enough to cover its annual cash burn of $277.13M.
- Total MDGL debt is higher than 5 years ago, relative to shareholder equity.
- MDGL has a relatively high debt to equity ratio of 1.92.
Do Wall Street analysts think it's a good time to buy Madrigal Pharmaceuticals stock
Out of 5 Wall Street analysts who track MDGL, the consensus analyst rating on MDGL is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent MDGL Analyst Recommendations
Liisa Bayko, a top 9% analyst from Evercore ISI Group maintains MDGL with a buy rating and maintains their MDGL price target from $325.00 to $325.00, on Sep 19, 2023.
Ed Arce, a bottom 2% analyst from HC Wainwright & Co. reiterates MDGL with a buy rating and maintains their MDGL price target from $225.00 to $225.00, on Sep 14, 2023.
Mayank Mamtani, a top 4% analyst from B. Riley Securities reiterates MDGL with a hold rating and maintains their MDGL price target from $224.00 to $224.00, on Sep 11, 2023.
Jay Olson, a top 5% analyst from Oppenheimer maintains MDGL with a buy rating and lowers their MDGL price target from $350.00 to $285.00, on Aug 9, 2023.
Edward Nash, a bottom 18% analyst from Canaccord Genuity reiterates MDGL with a strong buy rating and maintains their MDGL price target from $336.00 to $336.00, on Jul 18, 2023.
You can dive deeper into what analysts are saying on the Madrigal Pharmaceuticals stock forecast page.
MDGL Momentum
What are MDGL insiders up to?
In the last 12 months, insiders at MDGL have bought as many shares as they have sold.
Robert E. Waltermire, Senior VP Chief Pharma Dev. of MDGL, was the latest MDGL insider to sell. They sold $27,619.00 worth of MDGL stock on Mar 1, 2023.
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
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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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.
If you need more assistance investing in stocks on eToro, click the helpful video below:
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:
- 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 require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Madrigal Pharmaceuticals, add MDGL to your watchlist below.
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