How to Buy Optimizerx Stock
Optimizerx Corp
OptimizeRx Corporation, a digital health technology company, provides various solutions to life sciences organizations, healthcare providers, and patients.
Optimizerx stock last closed at $8.94, down 1.65% from the previous day, and has decreased 42.8% in one year. It has underperformed other stocks in the Health Information Services industry by 0.16 percentage points. Optimizerx stock is currently +29.19% from its 52-week low of $6.92, and -46.29% from its 52-week high of $16.65.
At the moment, there are 18.18M shares of OPRX outstanding. The market cap of OPRX is $162.56M. In the past 24 hours, 149,534 OPRX shares were traded.
How to Buy Optimizerx Stock
Wondering how to invest in Optimizerx stock? Here's how.
- Choose where to buy Optimizerx stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Optimizerx stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Analyze Optimizerx stock: The Optimizerx ticker symbol is OPRX. Is Optimizerx stock a good investment? Should you buy shares of OPRX? How do OPRX's underlying business fundamentals look? Do top analysts think Optimizerx is a good buy? Why has OPRX's stock price moved recently? (Hint: Our stock analysis website can help you figure out if OPRX is a good stock to buy).
- Execute your OPRX purchase: Decide if you will purchase OPRX shares at the current market price or use a limit order to buy OPRX stock at a given price.
- Monitor your OPRX investment: Create a watchlist to key updates about your investment in Optimizerx shares.
Step 1: Choose where to buy Optimizerx stock
You will need a brokerage account in order to access the NASDAQ market and buy OPRX shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you can invest in OPRX stock today.
How to Create a New Brokerage 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.
- Provide your personal info to create your new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on investing apps, you can securely and quickly fund your account:
Check out the video below to see the process of transferring money into your investment account.
Step 4: Analyze Optimizerx stock
Once you have decided on the best place to buy Optimizerx stock, it's absolutely critical to research their stock prior to investing, so you actually understand the risk as well as the opportunity.
Optimizerx Numbers
Fundamentals of Optimizerx
WallStreetZen was built to help everyday investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on OPRX's stock page.
How is OPRX stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge OPRX's fair value.
Using relative valuations metrics:
- OPRX could be undervalued based on its P/B ratio of 1.28x, relative to Health Information Services industry P/B ratio of 3.4x
You can access additional valuation research on OPRX's stock here.
OPRX Financial Health Overview
Passed Financial Due Diligence Checks:
- OPRX has cash burn of 8100575. It has sufficient cash and short-term investments to cover this for at least one year.
- OPRX has $13.85M in cash and short term investments. This is sufficient to cover its annual cash burn of $8.10M.
- There are more short-term assets than long-term liabilities on the OPRX balance sheet.
- There are more short-term assets than short-term liabilities on the OPRX balance sheet.
Failed Financial Due Diligence Checks:
- OPRX profit margin has gone down from -18.3% to -24.6% in the past year.
- OPRX has a relatively high debt to equity ratio of 0.45.
- Total OPRX debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy OPRX stock
Out of 4 sell side analysts who research OPRX, the consensus analyst rating on OPRX is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Optimizerx stock forecast page.
OPRX Technicals
How are OPRX Revenues/Earnings doing?
Last year, OPRX revenue was $71.52M. During the past 5 year, OPRX's revenue has increased by 27.52% per year. This was faster than the Health Information Services industry average of 19.8%.
Dig into OPRX's earnings and revenue performance here.
What are OPRX insiders up to?
Over the past 12 months, executives and large shareholders at OPRX have sold more shares than they have bought.
Marion Odenceford, General Counsel and CCO of OPRX, was the latest OPRX insider to sell. They sold $4,274.60 worth of OPRX shares on Mar 1, 2024.
Dig into more about who owns OPRX stock here.
Does OPRX stock generate passive income?
No, Optimizerx doesn't provide an income stream by paying out dividends.
OPRX Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your OPRX purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and your broker will place your order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Monitor your OPRX investment
Now that you own some OPRX shares, you'll want to stay up-to-date on your investment.
Make a watchlist to get alerted to the latest events about your OPRX stock.
OPRX Feed
How to Buy Stock in Optimizerx
To reiterate, here are the 6 steps for buying Optimizerx stock:
- Choose where to buy Optimizerx stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Optimizerx stock
- Execute your OPRX purchase
- Monitor your OPRX investment
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Optimizerx, add OPRX to your watchlist by clicking the button below.
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