WallStreetZenWallStreetZen

How to Buy Penumbra Stock

Penumbra Inc

Penumbra is a medical device company located in California, United States, which is part of the Healthcare sector, and is traded under the ticker PEN on the NYSE exchange.

Penumbra stock last closed at $202.72, up 0.44% from the previous day, and has decreased 26.08% in one year. It has underperformed other stocks in the Medical Devices industry by 0.08 percentage points. Penumbra stock is currently +12.04% from its 52-week low of $180.93, and -41.86% from its 52-week high of $348.67.

As of Apr 19, 2024, there are 38.7M shares of PEN outstanding. The market capitalization of PEN is $7.85B. In the last 24 hours, 338,626 PEN shares were traded.

How to Buy Penumbra Stock

Wondering how to invest in Penumbra stock? Here's how.
  1. Decide where to buy Penumbra stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Penumbra stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Select your payment method and add your info.
  4. Research Penumbra stock: The Penumbra ticker symbol is PEN. Is Penumbra stock a good investment? Should you buy shares of PEN? How do PEN's underlying business fundamentals look? Do top analysts think Penumbra is a good buy? Why has PEN's stock price moved recently? (Hint: Our stock research tools can help you figure out if PEN is a good stock to buy).
  5. Execute your PEN buy order: Decide if you will purchase PEN shares at the current market price or use a limit order to buy PEN shares at a specific price.
  6. Get the latest news on your PEN position: Create a watchlist to important notifications about your position in Penumbra stock.

Step 1: Decide where to buy Penumbra stock

You will need a brokerage account to access the NYSE market and buy PEN stock.

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

Our favorite brokerage: eToro

Based on our analysis, eToro is the best stock brokerage. Here's why:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to global financial markets: From Technology to Industrials, New York to Hong Kong — you can fill your portfolio with stocks from the world's top stock exchanges.
  • Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your purchase of shares by creating an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Sign up for a brokerage account

Now that you've selected your brokerage, it's time to fill out some personal details so you can buy PEN stock today.

How to Create a New Investment Account on eToro

  1. 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.
  2. Provide your personal details to create your new trading account.
  1. Submit your application by hitting the "Create Account" button.
  2. 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.

Step 3: Put funds into your investment account

Now that you have created your account on a investment app, you can securely and quickly fund your account:

Check out the video below to see the process of transferring funds into your brokerage account.

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.

Step 4: Research Penumbra stock

After you have chosen the best place to buy Penumbra stock, it's crucial to evaluate their stock before you buy, so you actually wrap your head around the risk and opportunity.

Penumbra shares at a glance

PEN Price
$202.72
1w %
-6.77%
1y %
-26.08%
5y %
56.05%
P/E
85.54x
P/B
6.66x
P/S
7.35x
PEG
N/A
Revenue
$1.06B
Earnings
$90.95M
Fore. Rev. Growth
17.3%
Fore. Earn. Growth
-24.53%
Market Cap
$7.85B
Next Earnings
May 7, 2024
Next Dividend
N/A

Penumbra Zen Score

WallStreetZen was built to help part-time investors do better fundamental analysis in less time.

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

Is PEN stock overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PEN's intrinsic value.

Using relative valuations metrics:

  • PEN may be overvalued based on its P/E ratio of 85.54x, relative to Medical Devices industry P/E ratio of 28.69x
  • PEN could be overvalued based on its P/B ratio of 6.66x, relative to Medical Devices industry P/B ratio of 3.63x

You can access more valuation research on PEN's stock here.

Is PEN a healthy company?

Signs that PEN is financially healthy:

  • PEN has a low debt to equity ratio of 0.32.
  • PEN profit margin has gone up from -0.2% to 8.6% in the past year.
  • PEN's operating cash flow of $97.33M allows it to safely service it's debt of $234.34M.
  • There are more short-term assets than long-term liabilities on the PEN balance sheet.
  • There are more short-term assets than short-term liabilities on the PEN balance sheet.
  • PEN earnings of $79.65M is not sufficient to cover its interest payments.

Signs that PEN is not financially healthy:

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

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

Out of 7 sell side analysts who give forecasts on PEN, the consensus analyst rating on Penumbra is a Strong Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Most Recent PEN Analyst Recommendations

Robbie Marcus, a top 16% analyst from JP Morgan downgrades PEN to a hold rating and lowers their PEN price target from $284.00 to $250.00, on Feb 23, 2024.

Kallum Titchmarsh, a bottom 46% analyst from Morgan Stanley maintains PEN with a hold rating and lowers their PEN price target from $265.00 to $240.00, on Nov 3, 2023.

You can dig deeper into what analysts are forecasting on the Penumbra stock forecast page.

PEN Trading Indicators

SMA10
213.75
SMA20
216.8
SMA50
235.56
SMA100
240.35
SMA200
245.22
MACD
-7.74
MACD Signal
-6.85
MACD Histogram
-0.89
RSI
32.63
Stochastic %K
7.85
Stochastic %D
8.27
StochRSI %K
8.16
StochRSI %D
14.61

Is PEN Growing Revenue?

Last year, PEN earnings were $90.95M. Over the past five year, PEN's earnings have increased by 65.65% per year. This was faster than the Medical Devices industry average of 9.2%.

Last year, PEN revenue was $1.06B. Over the past 5 year, PEN's revenue has increased by 18.93% per year. This was faster than the Medical Devices industry average of 13.38%.

You can research PEN's earnings and revenue performance here.

What are PEN executives and large shareholders up to?

Over the last year, executives and large shareholders at PEN have sold more shares than they have bought.

Johanna Roberts, EVP Gen. Counsel Secretary of PEN, was the latest PEN insider to sell. They sold $40,566.67 worth of PEN shares on Apr 15, 2024.

Dig into more about who owns PEN stock here.

Does PEN stock generate passive income?

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

What do other investors have to say about PEN?

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

Click below to see what other community members have to say.

Step 5: Execute your PEN buy order

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order is an order to 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, place a limit order.

Click the Open Trade button and your broker will execute the order.

If you want additional help with buying stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Get the latest news on your PEN position

Now that you own some shares in PEN, you'll want to keep up with your company.

Create a watchlist to get alerted to the latest events about your PEN stock.

PEN Feed

How to Buy Stock in Penumbra

To summarize, here are the 6 steps for buying Penumbra stock:

  1. Decide where to buy Penumbra stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Research Penumbra stock
  5. Execute your PEN buy order
  6. Get the latest news on your PEN position

If you are looking for a brokerage, eToro is our favorite venue.

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 would like to watch your new investment in Penumbra, click below.

NYSE: PEN
$202.72+0.88 (+0.44%)
Updated Apr 19, 2024
Open eToro Account
NYSE: PEN
$202.72+0.88 (+0.44%)
Updated Apr 19, 2024
Open eToro Account

FAQ

How much does it cost to buy one Penumbra share?

As of Apr 19, 2024, it costs $202.72 to buy one share of Penumbra stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.493 shares of PEN.

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 Penumbra stock?

According to 7 Wall Street analysts who monitor Penumbra, their consensus recommendation is to buy Penumbra stock.

What is the best way to buy Penumbra stock?

One way to place an order for Penumbra 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.