How to Buy Medifast Stock
Medifast Inc
Medifast is a personal service company located in Maryland, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker MED on the NYSE exchange.
Medifast stock last closed at $33.57, up 0.45% from the previous day, and has decreased 64.33% in one year. It has underperformed other stocks in the Personal Services industry by 0.51 percentage points. Medifast stock is currently +8.47% from its 52-week low of $30.95, and -69.35% from its 52-week high of $109.52.
There are currently 10.9M MED shares outstanding. The market value of MED is $365.77M. In the last 24 hours, 218,379 MED shares were traded.
How to Buy Medifast Stock
Not sure how to invest in Medifast stock? Here's how.
- Choose where to buy Medifast stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Medifast stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your payment method and add your details.
- Analyze Medifast stock: The Medifast ticker symbol is MED. Is Medifast stock a good investment? Should you buy shares of MED? How do MED's underlying business fundamentals look? Do top analysts think Medifast is a good buy? Why has MED's stock price moved recently? (Hint: Our stock research website can help you understand if MED is a good stock to buy).
- Make your MED trade: Decide if you will purchase MED shares at the current market price or use a limit order to purchase MED stock at a specific price.
- Watch your MED position: Create a watchlist to watch your position in Medifast shares.
Step 1: Choose where to buy Medifast stock
You will need a brokerage account in order to access the NYSE market and buy MED stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you can buy MED today.
How to Start 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.
- Input your personal data to create a new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have created your account on the best stock market app, you need to deposit funds:
Check out the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Analyze Medifast stock
Once you have chosen the best place to buy Medifast stock, it's very important to evaluate their stock prior to buying, so you can understand the risk as well as the upside.
Overview of key MED info
MED Due Diligence Checks
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on MED's stock page.
Is MED stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MED's fair value.
Using relative valuations measures:
- MED may be undervalued based on its P/E ratio of 3.68x, relative to Personal Services industry P/E ratio of 38.38x
- MED could be undervalued based on its P/B ratio of 1.82x, relative to Personal Services industry P/B ratio of 11.62x
- MED could be undervalued based on its PEG ratio of 0.35x
You can do more valuation research on MED's stock here.
Is MED a healthy company?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the MED balance sheet.
- There are more short-term assets than long-term liabilities on the MED balance sheet.
- MED's operating cash flow of $147.66M allows it to safely service it's debt of $22.01M.
- MED profit margin has gone up from 9% to 9.3% in the past year.
- Total MED debt is lower than 5 years ago, relative to shareholder equity.
- MED earnings of $126.31M is not enough to cover its interest payments.
Failed Health Checks:
- MED has a relatively high debt to equity ratio of 0.54.
Do analysts think it's a good time to buy Medifast stock
Out of 1 sell side analysts who research MED, the consensus analyst rating on Medifast is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Medifast stock forecast page.
MED Technicals
MED Growth Numbers
Last year, MED earnings were $99.42M. In the past five year, MED's earnings have grown by 14.35% per year. This was faster than the Personal Services industry average of 10.45%.
Last year, MED revenue was $1.07B. Over the past 5 year, MED's revenue has grown by 16.43% per year. This was faster than the Personal Services industry average of 7.54%.
Dig into MED's earnings and revenue performance here.
Latest Insiders Trades at MED
Over the last 12 months, insiders at MED have sold more shares than they have bought.
Daniel R. Chard, Chairman CEO of MED, was the latest MED insider to sell. They sold $68,057.99 worth of MED shares on Mar 15, 2024.
Research more about who owns MED shares here.
Does MED provide a stable income stream?
No, Medifast doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your MED trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - 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 a specific price, place a limit order.
Press the Open Trade button and eToro will execute your order.
If you want more help investing in stocks on eToro, watch the how to video below:
Step 6: Watch your MED position
Now that you own some shares in MED, you'll want to keep up with your investment.
Create a watchlist to get the latest updates about your MED stock.
MED Feed
How to Buy Stock in Medifast
To reiterate, here are the 6 steps to buy stock in Medifast:
- Choose where to buy Medifast stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Medifast stock
- Make your MED trade
- Watch your MED position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Medifast, create a watchlist today.
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