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How to Buy Myriad Genetics Stock

Myriad Genetics Inc

Myriad Genetics, Inc. , a genetic testing and precision medicine company, develops and commercializes genetic tests in the United States and internationally.

Myriad Genetics stock last closed at $21.40, down 0.42% from the previous day, and has decreased 8.19% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.12 percentage points. Myriad Genetics stock is currently +54.85% from its 52-week low of $13.82, and -11.61% from its 52-week high of $24.21.

At the moment, there are 89.87M shares of MYGN outstanding. The market value of MYGN is $1.92B. In the past 24 hours, 505,033 MYGN shares were traded.

How to Buy Myriad Genetics Stock

Not sure how to invest in Myriad Genetics stock? Here's how.
  1. Choose where to buy Myriad Genetics stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Myriad Genetics stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Pick your method of payment and add your information.
  4. Evaluate Myriad Genetics stock: The Myriad Genetics ticker symbol is MYGN. Is Myriad Genetics stock a good investment? Should you buy shares of MYGN? How do MYGN's underlying business fundamentals look? Do top analysts think Myriad Genetics is a good buy? Why has MYGN's stock price moved recently? (Hint: Our stock research website can help you evaluate if MYGN is a good stock to buy).
  5. Place your MYGN trade: Decide if you will purchase MYGN shares at the current market price or use a limit order to purchase MYGN shares at a given price.
  6. Keep an eye on your MYGN investment: Create a watchlist to monitor your new investment in Myriad Genetics stock.

Step 1: Choose where to buy Myriad Genetics stock

You need an online brokerage account in order to access the NASDAQ market and buy MYGN shares.

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

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Step 2: Open a brokerage account

Now that you've picked the best brokerage, it's time to fill out some personal info so you can invest in MYGN today.

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Step 3: Put funds into your investment account

Now that you have opened your account on a good online stock trading app, you need to deposit funds:

Watch this video walkthrough to see the process of transferring money into your new brokerage account.

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Step 4: Evaluate Myriad Genetics stock

Once you have figured out the best place to buy Myriad Genetics stock, it's absolutely critical to research their stock prior to investing, so you actually wrap your head around the risk and opportunity.

Myriad Genetics Metrics

MYGN Price
$21.40
1w %
-3.78%
1y %
-8.19%
5y %
-38.26%
P/E
-6.73x
P/B
2.46x
P/S
2.35x
PEG
N/A
Revenue
$753.20M
Earnings
-$263.30M
Fore. Rev. Growth
8.8%
Fore. Earn. Growth
N/A
Market Cap
$1.92B
Next Earnings
May 1, 2024
Next Dividend
N/A

Myriad Genetics Fundamentals

WallStreetZen was created to help average investors do better fundamental analysis quickly.

You can see all of the due diligence checks on MYGN's stock page.

How is MYGN stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge MYGN's true value.

Using relative valuations ratios:

  • MYGN could be undervalued based on its P/B ratio of 2.46x, relative to Diagnostics & Research industry P/B ratio of 4.36x

You can access additional valuation analysis on MYGN's stock here.

MYGN Financial Health Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the MYGN balance sheet.
  • There are more short-term assets than long-term liabilities on the MYGN balance sheet.

Failed Financial Due Diligence Checks:

  • MYGN profit margin has gone down from -16.5% to -35% in the past year.
  • MYGN has a relatively high debt to equity ratio of 0.46.
  • MYGN has $140.90M in cash and short term investments. This is not sufficient to cover its annual cash burn of $184.20M.
  • MYGN has cash burn of 184200000. It does not have enough cash and short-term investments to cover this.
  • Total MYGN debt is higher than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy Myriad Genetics stock

Out of 4 Equities analysts who give forecasts on MYGN, the consensus analyst rating on Myriad Genetics is a Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Myriad Genetics stock forecast page.

MYGN Momentum

SMA10
21.74
SMA20
21.94
SMA50
22.05
SMA100
20.34
SMA200
19.51
MACD
-0.1
MACD Signal
-0.03
MACD Histogram
-0.07
RSI
44.46
Stochastic %K
34.84
Stochastic %D
42.78
StochRSI %K
30.05
StochRSI %D
50.17

MYGN Revenue

Last year, MYGN revenue was $753.20M. Over the past five year, MYGN's revenue has gone up by -1.1% per year. This was slower than the Diagnostics & Research industry average of 10.96%.

Dive into MYGN's earnings and revenue performance here.

Are MYGN executives and large shareholders buying or selling the stock?

In the past year, executives and large shareholders at MYGN have sold more shares than they have bought.

Natalie Munk, Chief Accounting Officer of MYGN, was the latest MYGN insider to sell. They sold $7,978.74 worth of MYGN shares on Mar 25, 2024.

Dig into more about who owns MYGN shares here.

Can I get consistent income from MYGN stock?

No, Myriad Genetics doesn't provide an income stream by paying out dividends.

Get opinions from other investors

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your MYGN trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price, place a limit order.

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

If you want more help with buying stocks on eToro, click the helpful video below:

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Step 6: Keep an eye on your MYGN investment

Now that you own some MYGN stock, you'll want to stay up-to-date on your new investment.

Make a watchlist to see the latest developments about your MYGN stock.

MYGN Feed

How to Buy Stock in Myriad Genetics

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

  1. Choose where to buy Myriad Genetics stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Evaluate Myriad Genetics stock
  5. Place your MYGN trade
  6. Keep an eye on your MYGN investment

If you require a brokerage account, eToro is our recommended 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 get notifications regarding your investment in Myriad Genetics, get started below.

NASDAQ: MYGN
$21.40-0.09 (-0.42%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: MYGN
$21.40-0.09 (-0.42%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Myriad Genetics share?

As of Mar 27, 2024, it costs $21.40 to buy one share of Myriad Genetics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.467 shares of MYGN.

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 Myriad Genetics stock?

According to 4 Wall Street analysts who monitor Myriad Genetics, their consensus recommendation is to buy Myriad Genetics stock.

What is the best way to buy Myriad Genetics stock?

One way to place an order for Myriad Genetics 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.