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 $206.62, down 2.24% from the previous day, and has increased 3.26% in one year. It has underperformed other stocks in the Medical Devices industry by 0.06 percentage points. Penumbra stock is currently +39.61% from its 52-week low of $148.00, and -25.5% from its 52-week high of $277.34.
As of Oct 15, 2024, there are 38.84M shares of PEN outstanding. The market capitalization of PEN is $8.03B. In the last 24 hours, 361,377 PEN shares were traded.
How to Buy Penumbra Stock
Wondering how to invest in Penumbra stock? Here's how.
- 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.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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
- 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 details to create your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
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.
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
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 543.74x, relative to Medical Devices industry P/E ratio of 41.26x
- PEN could be overvalued based on its P/B ratio of 6.91x, relative to Medical Devices industry P/B ratio of 4.08x
- PEN could be overvalued based on its PEG ratio of 4.07x
You can do more valuation research on PEN's stock here.
PEN Financial Health
Signs that PEN is financially healthy:
- PEN's operating cash flow of $128.01M allows it to safely service it's debt of $228.82M.
- PEN has a low debt to equity ratio of 0.32.
- There are more short-term assets than short-term liabilities on the PEN balance sheet.
- There are more short-term assets than long-term liabilities on the PEN balance sheet.
Signs that PEN is not financially healthy:
- PEN earnings of -$11.79M is not sufficient to cover its interest payments.
- Total PEN debt is higher than 5 years ago, relative to shareholder equity.
- PEN profit margin has gone down from 3.1% to 1.3% in the past year.
Do Wall Street analysts think it's a good time to buy PEN stock
Out of 11 Equities analysts who give ratings on PEN, the consensus analyst rating on Penumbra is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent PEN Analyst Ratings
Joanne Wuensch, a top 8% analyst from Citigroup maintains PEN with a hold rating and raises their PEN price target from $178.00 to $200.00, on Aug 22, 2024.
David Rescott, a bottom 47% analyst from Baird maintains PEN with a buy rating and lowers their PEN price target from $231.00 to $180.00, on Jul 31, 2024.
Jason Mills, a top 4% analyst from Canaccord Genuity maintains PEN with a strong buy rating and lowers their PEN price target from $272.00 to $176.00, on Jul 31, 2024.
Larry Biegelsen, a top 10% analyst from Wells Fargo downgrades PEN to a hold rating and lowers their PEN price target from $289.00 to $150.00, on Jul 31, 2024.
Matthew O'Brien, a bottom 3% analyst from Piper Sandler maintains PEN with a strong buy rating and lowers their PEN price target from $260.00 to $200.00, on Jul 31, 2024.
You can dig deeper into what analysts are saying on the Penumbra stock forecast page.
PEN Technicals
Is PEN Growing Revenue?
Last year, PEN earnings were $14.23M. In the last five year, PEN's earnings have gone up by -2.44% per year. This was slower than the Medical Devices industry average of 9.16%.
Last year, PEN revenue was $1.13B. Over the past five year, PEN's revenue has increased by 18.01% per year. This was faster than the Medical Devices industry average of 10.98%.
Find out more about PEN's earnings and revenue performance here.
Who is buying/selling PEN?
Over the last year, executives and large shareholders at PEN have sold more shares than they have bought.
Harpreet Grewal, Director of PEN, was the latest PEN insider to sell. They sold $31,677.78 worth of PEN shares on Oct 2, 2024.
Research more about who owns PEN stock here.
Can I rely on PEN as an income stream?
No, Penumbra doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your PEN buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a stock 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.
Click the Open Trade button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your PEN position
Now that you own some PEN shares, you'll want to keep up with your investment.
Add PEN to a watchlist to track the most important metrics related to your PEN stock.
PEN Feed
How to Buy Stock in Penumbra
To reiterate, here are the 6 steps to buy Penumbra stock:
- Decide where to buy Penumbra stock
- Sign up for a brokerage account
- Put funds into your investment account
- Research Penumbra stock
- Execute your PEN buy order
- Get the latest news on your PEN position
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Penumbra, hit the button below to create your watchlist.
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