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How to Buy Neurogene Stock

Neurogene Inc

Neurogene Inc. develops life-changing genetic medicines for patients and their families affected by neurological diseases.

Neurogene stock last closed at $31.01, down 0.19% from the previous day, and has increased 99.88% in one year. It has overperformed other stocks in the Biotechnology industry by 1.26 percentage points. Neurogene stock is currently +154.18% from its 52-week low of $12.20, and -41.49% from its 52-week high of $53.00.

At the moment, there are 12.98M NGNE shares outstanding. The market cap of NGNE is $402.52M. In the last 24 hours, 156,137 NGNE shares were traded.

How to Buy Neurogene Stock

Wondering how to invest in Neurogene stock? Here's how.
  1. Decide where to buy Neurogene stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Neurogene stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your information.
  4. Analyze Neurogene stock: The Neurogene ticker symbol is NGNE. Is Neurogene stock a good investment? Should you buy shares of NGNE? How do NGNE's underlying business fundamentals look? Do top analysts think Neurogene is a good buy? Why has NGNE's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if NGNE is a good stock to buy).
  5. Execute your NGNE purchase: Decide if you will purchase NGNE shares at the current market price or use a limit order to purchase NGNE shares at a given price.
  6. Watch your NGNE position: Create a watchlist to important updates regarding your investment in Neurogene shares.

Step 1: Decide where to buy Neurogene stock

You will need a brokerage account to access the NASDAQ market and buy NGNE stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal information so you are able to buy NGNE today.

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  2. Enter your personal details to open a new brokerage account.
  1. Send your details by pressing the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've created your account on the best stock app for beginners, you need to deposit funds:

Check out the tutorial below if you need help depositing funds into your new brokerage account.

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Step 4: Analyze Neurogene stock

Once you have decided on the best place to buy Neurogene stock, it's absolutely critical to evaluate their stock prior to investing, so you actually wrap your head around the risk as well as the upside.

Neurogene Metrics

NGNE Price
$31.01
1w %
-27.19%
1y %
99.88%
5y %
-33.74%
P/E
0.98x
P/B
2.36x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$39.03M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$402.52M
Next Earnings
Aug 8, 2024
Next Dividend
N/A

Neurogene Fundamentals

WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.

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

What is the fair value of NGNE stock?

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

Using relative valuations measures:

  • NGNE could be undervalued based on its P/E ratio of 0.98x, relative to Biotechnology industry P/E ratio of -5.75x
  • NGNE could be undervalued based on its P/B ratio of 2.36x, relative to Biotechnology industry P/B ratio of 6.2x

You can do more valuation analysis on NGNE's stock here.

A look at NGNE Cashflows and Balance Sheet

Passed Financial Due Diligence Checks:

  • NGNE has cash burn of 60006000. 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 NGNE balance sheet.
  • There are more short-term assets than short-term liabilities on the NGNE balance sheet.
  • NGNE has $169.87M in cash and short term investments. This is sufficient to cover its annual cash burn of $60.01M.
  • NGNE has a low debt to equity ratio of 0.14.

Failed Financial Due Diligence Checks:

  • Total NGNE debt is higher than 5 years ago, relative to shareholder equity.

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

Out of 4 sell side analysts who give forecasts on NGNE, the consensus analyst rating on NGNE is a Strong Buy

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 projecting on the Neurogene stock forecast page.

NGNE Trading Indicators

SMA10
36.66
SMA20
35.82
SMA50
34.31
SMA100
35.56
SMA200
26.35
MACD
-0.08
MACD Signal
0.69
MACD Histogram
-0.77
RSI
39.27
Stochastic %K
7.48
Stochastic %D
29.94
StochRSI %K
3.64
StochRSI %D
24.17

How is NGNE performing as a company?

Last year, NGNE revenue was $0.00. Over the past five year, NGNE's revenue has increased by -100% per year. This was slower than the Biotechnology industry average of 31.33%.

You can analyze NGNE's earnings and revenue performance here.

Latest Insiders Trades at NGNE

Over the last 12 months, insiders at NGNE have bought more shares than they have sold.

Baker Bros Advisors LP, Director of NGNE, was the latest NGNE insider to buy. They bought $42,365.86 worth of NGNE stock on Aug 17, 2023.

Get more info about who owns NGNE shares here.

Can I rely on NGNE as an income stream?

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

NGNE Social Trading Data

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

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Step 5: Execute your NGNE purchase

There are two main order types:

  • 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 fine for most investors.
  • Limit order: A limit order enables you to 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 limit, use a limit order.

Hit the Open button and eToro will place your order.

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Step 6: Watch your NGNE position

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

Create a watchlist to track your NGNE stock.

NGNE Feed

How to Buy Stock in Neurogene

To reiterate, here are the 6 steps for buying Neurogene stock:

  1. Decide where to buy Neurogene stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Analyze Neurogene stock
  5. Execute your NGNE purchase
  6. Watch your NGNE position

If you require a online brokerage, 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 track of your new investment in Neurogene, add NGNE to your watchlist by clicking the button below.

NASDAQ: NGNE
$31.01-0.06 (-0.19%)
Updated Jun 21, 2024
Open eToro Account
NASDAQ: NGNE
$31.01-0.06 (-0.19%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Neurogene share?

As of Jun 21, 2024, it costs $31.01 to buy one share of Neurogene 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 0.322 shares of NGNE.

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 Neurogene stock?

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

What is the best way to buy Neurogene stock?

One way to place an order for Neurogene 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.