How to Buy Orthofix Medical Stock
Orthofix Medical Inc
Orthofix Medical Inc. operates as a medical device and biologics company in the United States, Italy, Germany, France, the United Kingdom, Brazil, and internationally.
Orthofix Medical stock last closed at $13.10, down 3.39% from the previous day, and has decreased 29.98% in one year. It has underperformed other stocks in the Medical Devices industry by 0.14 percentage points. Orthofix Medical stock is currently +36.81% from its 52-week low of $9.58, and -39.35% from its 52-week high of $21.60.
As of Apr 25, 2024, there are 37.41M OFIX shares outstanding. The market cap of OFIX is $490.03M. In the past 24 hours, 660,021 OFIX shares were traded.
How to Buy Orthofix Medical Stock
Not sure how to invest in Orthofix Medical stock? Here's how.
- Figure out where to buy Orthofix Medical stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Orthofix Medical stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your information.
- Analyze Orthofix Medical stock: The Orthofix Medical ticker symbol is OFIX. Is Orthofix Medical stock a good investment? Should you buy shares of OFIX? How do OFIX's underlying business fundamentals look? Do top analysts think Orthofix Medical is a good buy? Why has OFIX's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if OFIX is a good stock to buy).
- Make your OFIX buy order: Decide if you will purchase OFIX shares at the current market price or use a limit order to buy OFIX stock at a particular price.
- Get the latest scoop on your investment in OFIX: Create a watchlist to get live updates on your investment in Orthofix Medical shares.
Step 1: Figure out where to buy Orthofix Medical stock
You will need a brokerage account to access the NASDAQ market and buy OFIX shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal info so you can invest in OFIX 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.
- Input your personal info to open your new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on a investment app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring funds into your investment account.
Step 4: Analyze Orthofix Medical stock
Once you have chosen the best place to buy Orthofix Medical stock, it's absolutely critical to evaluate their stock prior to investing, so you truly wrap your head around the risk and upside.
Orthofix Medical shares at a glance
Orthofix Medical Overview
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on OFIX's stock page.
Is OFIX stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OFIX's fair value.
Using relative valuations methods:
- OFIX could be undervalued based on its P/B ratio of 0.82x, relative to Medical Devices industry P/B ratio of 3.71x
You can access more valuation analysis on OFIX's stock here.
OFIX Financial Health Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the OFIX balance sheet.
- There are more short-term assets than long-term liabilities on the OFIX balance sheet.
- OFIX has $37.76M in cash and short term investments. This is enough to cover its annual cash burn of $107.80M.
Failed Financial Due Diligence Checks:
- OFIX profit margin has gone down from -4.3% to -20.3% in the past year.
- OFIX has cash burn of 107803000. It does not have enough cash and short-term investments to cover this.
- OFIX has a relatively high debt to equity ratio of 0.55.
- Total OFIX debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy OFIX stock, according to analysts?
Out of 1 Equities analysts who monitor OFIX, the consensus analyst rating on OFIX is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Orthofix Medical stock forecast page.
OFIX Technicals
OFIX Growth Numbers
Last year, OFIX revenue was $746.64M. Over the last five year, OFIX's revenue has increased by 10.51% per year. This was slower than the Medical Devices industry average of 13.33%.
Find out more about OFIX's earnings and revenue performance here.
Are OFIX insiders buying or selling the stock?
In the last 12 months, executives and large shareholders at OFIX have bought more shares than they have sold.
Jorge Andres Cedron, CLO of OFIX, was the latest OFIX insider to buy. They bought $375,002.32 worth of OFIX stock on Apr 15, 2024.
Dig into more about who owns OFIX stock here.
Can I rely on OFIX as an income stream?
No, Orthofix Medical doesn't provide an income stream by paying out dividends.
What do other traders have to say about OFIX?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your OFIX buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally 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 a specific dollar amount limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in OFIX
Now that you own some shares in OFIX, you'll want to keep up with your investment.
Create a watchlist to get the latest updates about your OFIX stock.
OFIX Feed
How to Buy Stock in Orthofix Medical
To summarize, here are the 6 steps you need to take to buy Orthofix Medical stock right now:
- Figure out where to buy Orthofix Medical stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Orthofix Medical stock
- Make your OFIX buy order
- Get the latest scoop on your investment in OFIX
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Orthofix Medical, get started below.
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