How to Buy Phreesia Stock
Phreesia Inc
Phreesia, Inc. provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada.
Phreesia stock last closed at $21.38, down 3.65% from the previous day, and has increased 17.99% in one year. It has overperformed other stocks in the Health Information Services industry by 0.38 percentage points. Phreesia stock is currently +77.43% from its 52-week low of $12.05, and -26.67% from its 52-week high of $29.16.
As of Oct 7, 2024, there are 57.77M shares of PHR outstanding. The market cap of PHR is $1.24B. In the past 24 hours, 274,412 PHR shares were traded.
How to Buy Phreesia Stock
Not sure how to invest in Phreesia stock? Here's how.
- Figure out where to buy Phreesia stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Phreesia stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your method of payment and add your details.
- Analyze Phreesia stock: The Phreesia ticker symbol is PHR. Is Phreesia stock a good investment? Should you buy shares of PHR? How do PHR's underlying business fundamentals look? Do top analysts think Phreesia is a good buy? Why has PHR's stock price moved recently? (Hint: Our stock market research tools can help you figure out if PHR is a good stock to buy).
- Execute your PHR purchase: Decide if you will purchase PHR shares at the current market price or use a limit order to buy PHR stock at a specific price.
- Track your investment in PHR: Create a watchlist to get the latest news on your new investment in Phreesia stock.
Step 1: Figure out where to buy Phreesia stock
You will need an online brokerage account to access the NYSE market and buy PHR stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can invest in PHR today.
How to Open a New 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 a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have filled out your info on the best stock buying app, you need to deposit funds:
Check out the video below for more details transferring funds into your brokerage account.
Step 4: Analyze Phreesia stock
Once you have identified the best place to buy Phreesia stock, it's important to evaluate their stock prior to buying, so you truly understand the risk as well as the opportunity.
Phreesia quick stats
PHR Fundamentals
WallStreetZen was designed to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on PHR's stock page.
Is PHR stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PHR's true value.
Using relative valuations measures:
- PHR could be overvalued based on its P/B ratio of 4.91x, relative to Health Information Services industry P/B ratio of 3.48x
You can access more valuation research on PHR's stock here.
PHR Financial Health Overview
Pros:
- PHR has $81.80M in cash and short term investments. This is sufficient to cover its annual cash burn of $25.07M.
- There are more short-term assets than short-term liabilities on the PHR balance sheet.
- Total PHR debt is lower than 5 years ago, relative to shareholder equity.
- PHR has cash burn of 25072000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the PHR balance sheet.
Cons:
- PHR profit margin has gone up by 0.22 percentage points in the past year, but the company is still unprofitable.
- PHR has a relatively high debt to equity ratio of 0.44.
Is PHR stock a Buy, Hold, or Sell, according to analysts?
Out of 10 sell side analysts who give recommendations on PHR, the consensus analyst rating on PHR is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest PHR Analyst Forecasts
Richard Close, a bottom 2% analyst from Canaccord Genuity maintains PHR with a strong buy rating and maintains their PHR price target from $34.00 to $34.00, on Sep 5, 2024.
Robert Simmons, a top 31% analyst from DA Davidson maintains PHR with a strong buy rating and maintains their PHR price target from $32.00 to $32.00, on Sep 5, 2024.
Ryan MacDonald, a bottom 10% analyst from Needham reiterates PHR with a buy rating and maintains their PHR price target from $29.00 to $29.00, on Sep 5, 2024.
Scott Schoenhaus, a bottom 4% analyst from KeyBanc maintains PHR with a strong buy rating and lowers their PHR price target from $27.00 to $25.00, on Jul 11, 2024.
Jeff Garro, a bottom 2% analyst from Stephens & Co. reiterates PHR with a strong buy rating and maintains their PHR price target from $28.00 to $28.00, on May 31, 2024.
You can dig deeper into what analysts are projecting on the Phreesia stock forecast page.
PHR Technical Indicators
PHR Growth Metrics
Last year, PHR revenue was $389.96M. In the past 5 year, PHR's revenue has grown by 28.72% per year. This was faster than the Health Information Services industry average of 22.05%.
Find out more about PHR's earnings and revenue performance here.
What are PHR insiders up to?
Over the last 12 months, insiders at PHR have sold more shares than they have bought.
David Linetsky, SVP Life Sciences of PHR, was the latest PHR insider to sell. They sold $577.03 worth of PHR shares on Sep 19, 2024.
Learn more about who owns PHR shares here.
Can I get consistent income from PHR stock?
No, Phreesia doesn't provide an income stream by paying out dividends.
What do other investors have to say about PHR?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your PHR purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open button and your broker will execute the order.
If you want more info about buying stocks on eToro, watch the helpful video below:
Step 6: Track your investment in PHR
Now that you own some PHR stock, you'll want to stay up-to-date on your new company.
Put PHR on a watchlist to see the latest developments about your PHR stock.
PHR Feed
How to Buy Stock in Phreesia
To summarize, here are the 6 steps for buying Phreesia stock:
- Figure out where to buy Phreesia stock
- Open your brokerage account
- Put funds into your investment account
- Analyze Phreesia stock
- Execute your PHR purchase
- Track your investment in PHR
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Phreesia, get started below.
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