How to Buy Pulmonx Stock
Pulmonx Corp
Pulmonx Corporation, a medical technology company, provides minimally invasive devices for the treatment of chronic obstructive pulmonary diseases.
Pulmonx stock last closed at $7.52, up 0.27% from the previous day, and has decreased 39.31% in one year. It has underperformed other stocks in the Medical Devices industry by 0.22 percentage points. Pulmonx stock is currently +4.3% from its 52-week low of $7.21, and -49.31% from its 52-week high of $14.84.
As of Apr 24, 2024, there are 38.54M shares of LUNG outstanding. The market value of LUNG is $289.80M. In the last 24 hours, 198,804 LUNG shares were traded.
How to Buy Pulmonx Stock
Not sure how to invest in Pulmonx stock? Here's how.
- Choose where to buy Pulmonx stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Pulmonx stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your information.
- Research Pulmonx stock: The Pulmonx ticker symbol is LUNG. Is Pulmonx stock a good investment? Should you buy shares of LUNG? How do LUNG's underlying business fundamentals look? Do top analysts think Pulmonx is a good buy? Why has LUNG's stock price moved recently? (Hint: Our stock analysis website can help you understand if LUNG is a good stock to buy).
- Execute your LUNG trade: Decide if you will purchase LUNG shares at the current market price or use a limit order to purchase LUNG stock at a given price.
- Monitor your LUNG position: Create a watchlist to important notifications about your position in Pulmonx shares.
Step 1: Choose where to buy Pulmonx stock
You will need an online brokerage account to access the NASDAQ market and buy LUNG stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to invest in LUNG today.
How to Set Up 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.
- Enter your personal info to open your new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on a good online stock trading app, you need to deposit funds:
Watch the video below for more details depositing funds into your new brokerage account.
Step 4: Research Pulmonx stock
After you have identified the best place to buy Pulmonx stock, it's crucial to analyze their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
Pulmonx stock at a glance
Pulmonx Fundamentals
WallStreetZen was built to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on LUNG's stock page.
Is LUNG stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge LUNG's intrinsic value.
Using relative valuations measures:
- LUNG could be undervalued based on its P/B ratio of 2.45x, relative to Medical Devices industry P/B ratio of 3.73x
You can do additional valuation research on LUNG's stock here.
LUNG Financial Overview
Positive Financial Indicators:
- LUNG has cash burn of 38417000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the LUNG balance sheet.
- There are more short-term assets than long-term liabilities on the LUNG balance sheet.
- Total LUNG debt is lower than 5 years ago, relative to shareholder equity.
- LUNG has $117.34M in cash and short term investments. This is sufficient to cover its annual cash burn of $38.42M.
Negative Financial Indicators:
- LUNG has a relatively high debt to equity ratio of 0.5.
- LUNG profit margin has gone up by 0.21 percentage points in the past year, but the company is still unprofitable.
Is Pulmonx stock a Buy, Hold, or Sell, according to analysts?
Out of 5 sell side analysts who monitor LUNG, the consensus analyst rating on LUNG is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Pulmonx stock forecast page.
Metrics for Advanced LUNG Traders
LUNG Performance Metrics
Last year, LUNG revenue was $68.68M. During the last five year, LUNG's revenue has gone up by 27.98% per year. This was faster than the Medical Devices industry average of 13.35%.
Dig into LUNG's earnings and revenue performance here.
Are LUNG insiders buying or selling the stock?
Over the past year, insiders at LUNG have sold more shares than they have bought.
Geoffrey Beran Rose, CHIEF COMMERCIAL OFFICER of LUNG, was the latest LUNG insider to sell. They sold $8,868.16 worth of LUNG stock on Apr 22, 2024.
Learn more about who owns LUNG shares here.
Can I get consistent income from LUNG stock?
No, Pulmonx doesn't provide an income stream by paying out dividends.
What do other traders have to say about LUNG?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your LUNG trade
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 mostly fine for most investors. - 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 price limit, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional info about buying stocks on eToro, click the how to video below:
Step 6: Monitor your LUNG position
Now that you own some LUNG shares, you'll want to keep up with your investment.
Make a watchlist to get notified of the latest news about your LUNG stock.
LUNG Feed
How to Buy Stock in Pulmonx
To reiterate, here are the 6 steps to buy Pulmonx stock:
- Choose where to buy Pulmonx stock
- Sign up for a brokerage account
- Deposit money your investment account
- Research Pulmonx stock
- Execute your LUNG trade
- Monitor your LUNG position
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your new investment in Pulmonx, add LUNG to your watchlist by clicking the button below.
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