How to Buy Opko Health Stock
Opko Health Inc
OPKO Health, Inc. , a healthcare company, engages in the diagnostics and pharmaceuticals businesses in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally.
Opko Health stock last closed at $1.59, down 1.89% from the previous day, and has decreased 9.3% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.2 percentage points. Opko Health stock is currently +86.62% from its 52-week low of $0.85, and -9.66% from its 52-week high of $1.76.
At the moment, there are 697.38M shares of OPK outstanding. The market capitalization of OPK is $1.11B. In the last 24 hours, 3.48M OPK shares were traded.
How to Buy Opko Health Stock
Wondering how to invest in Opko Health stock? Here's how.
- Decide where to buy Opko Health stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Opko Health stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your payment method and add your information.
- Research Opko Health stock: The Opko Health ticker symbol is OPK. Is Opko Health stock a good investment? Should you buy shares of OPK? How do OPK's underlying business fundamentals look? Do top analysts think Opko Health is a good buy? Why has OPK's stock price moved recently? (Hint: Our stock market research tools can help you decide if OPK is a good stock to buy).
- Make your OPK buy order: Decide if you will purchase OPK shares at the current market price or use a limit order to buy OPK stock at a specific price.
- Get the latest news on your OPK investment: Create a watchlist to key updates about your investment in Opko Health shares.
Step 1: Decide where to buy Opko Health stock
You will need a brokerage account to access the NASDAQ market and buy OPK shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
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- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you can invest in OPK today.
How to Open a New Investment 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.
- Enter your personal details to create a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on app for investing, you can securely and quickly fund your account:
Check out the tutorial below for more details depositing funds into your investment account.
Step 4: Research Opko Health stock
Once you have selected the best place to buy Opko Health stock, it's very important to research their stock before you invest, so you can wrap your head around the risk as well as the opportunity.
Opko Health stock at a glance
Opko Health Due Diligence Checks
WallStreetZen was built to help part-time investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on OPK's stock page.
Is OPK stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge OPK's fair value.
Using relative valuations metrics:
- OPK could be undervalued based on its P/B ratio of 0.79x, relative to Diagnostics & Research industry P/B ratio of 4.56x
You can do additional valuation analysis on OPK's stock here.
A look at OPK Cashflows and Balance Sheet
Pros:
- Total OPK debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the OPK balance sheet.
- OPK has $40.58M in cash and short term investments. This is enough to cover its annual cash burn of $84.10M.
Cons:
- OPK has cash burn of 84097000. It does not have sufficient cash and short-term investments to cover this.
- OPK has a relatively high debt to equity ratio of 0.42.
- OPK profit margin has gone down from -24.1% to -33.9% in the past year.
- There are more long-term liabilities than short-term assets on the OPK balance sheet.
Is Opko Health stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 Wall Street analysts who research OPK, the consensus analyst rating on OPK is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Opko Health stock forecast page.
OPK Momentum
OPK Revenue
Last year, OPK revenue was $716.37M. Over the past five year, OPK's revenue has grown by -4.89% per year. This was slower than the Diagnostics & Research industry average of 10.1%.
You can research OPK's earnings and revenue performance here.
Latest Insiders Trades at OPK
Over the past year, executives and large shareholders at OPK have bought more shares than they have sold.
Phillip Md Et Al Frost, CEO Chairman of OPK, was the latest OPK insider to buy. They bought $974.05 worth of OPK shares on May 23, 2024.
Get more info about who owns OPK shares here.
Does OPK provide a stable income stream?
No, Opko Health doesn't provide an income stream by paying out dividends.
OPK Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your OPK buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available 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 make sure you're buying or selling at an exact price limit, use a limit order.
Press the Open button and your broker will execute your order.
If you need more help buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your OPK investment
Now that you own some OPK shares, you'll want to keep up with your stock purchase.
Make a watchlist to get the latest updates about your OPK stock.
OPK Feed
How to Buy Stock in Opko Health
To reiterate, here are the 6 steps for buying Opko Health stock:
- Decide where to buy Opko Health stock
- Create a brokerage account
- Fund your brokerage account
- Research Opko Health stock
- Make your OPK buy order
- Get the latest news on your OPK investment
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Opko Health, add OPK to your watchlist by clicking the button below.
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