How to Buy Rigel Pharmaceuticals Stock
Rigel Pharmaceuticals Inc
Rigel Pharmaceuticals, Inc. , a biotechnology company, discovers and develops small molecule drugs to treat hematologic disorders, cancer, and rare immune diseases.
Rigel Pharmaceuticals stock last closed at $1.15, up 5.5% from the previous day, and has increased 0.88% in one year. It has overperformed other stocks in the Biotechnology industry by 0.19 percentage points. Rigel Pharmaceuticals stock is currently +61.52% from its 52-week low of $0.71, and -41.33% from its 52-week high of $1.96.
There are currently 175.38M RIGL shares outstanding. The market capitalization of RIGL is $201.68M. In the last 24 hours, 783,243 RIGL shares were traded.
How to Buy Rigel Pharmaceuticals Stock
Wondering how to invest in Rigel Pharmaceuticals stock? Here's how.
- Figure out where to buy Rigel Pharmaceuticals stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Rigel Pharmaceuticals stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your method of payment and add your information.
- Evaluate Rigel Pharmaceuticals stock: The Rigel Pharmaceuticals ticker symbol is RIGL. Is Rigel Pharmaceuticals stock a good investment? Should you buy shares of RIGL? How do RIGL's underlying business fundamentals look? Do top analysts think Rigel Pharmaceuticals is a good buy? Why has RIGL's stock price moved recently? (Hint: Our stock market analysis website can help you understand if RIGL is a good stock to buy).
- Make your RIGL purchase: Decide if you will purchase RIGL shares at the current market price or use a limit order to buy RIGL shares at a specific price.
- Get the latest news on your RIGL position: Create a watchlist to key updates about your new investment in Rigel Pharmaceuticals stock.
Step 1: Figure out where to buy Rigel Pharmaceuticals stock
You will need a brokerage account in order to access the NASDAQ market and buy RIGL shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in RIGL stock 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.
- Input your personal details to open a new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the highest rated app to buy and sell stocks, you need to deposit funds:
Watch this video walkthrough if you need help transferring funds into your brokerage account.
Step 4: Evaluate Rigel Pharmaceuticals stock
Once you have identified the best place to buy Rigel Pharmaceuticals stock, it's absolutely critical to research their stock prior to investing, so you can understand the risk as well as the opportunity.
Rigel Pharmaceuticals Numbers
Rigel Pharmaceuticals Fundamentals
WallStreetZen was designed to help average investors do more accurate fundamental analysis.
You can see all of the due diligence checks on RIGL's stock page.
Is RIGL stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge RIGL's intrinsic value.
You can access more valuation research on RIGL's stock here.
RIGL Financial Overview
Passed Financial Due Diligence Checks:
- RIGL has cash burn of 5484000. It has sufficient 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 RIGL balance sheet.
- There are more short-term assets than long-term liabilities on the RIGL balance sheet.
- RIGL profit margin has gone up from -48.7% to -21.5% in the past year.
- RIGL has $56.93M in cash and short term investments. This is enough to cover its annual cash burn of $5.48M.
Failed Financial Due Diligence Checks:
- Total RIGL debt is still negative.
- RIGL debt to equity ratio of -5.09 is negative.
Is it a good time to buy RIGL stock, according to analysts?
Out of 4 sell side analysts who give ratings on RIGL, the consensus analyst rating on Rigel Pharmaceuticals is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Rigel Pharmaceuticals stock forecast page.
RIGL Technical Indicators
How is RIGL performing as a company?
Last year, RIGL revenue was $116.88M. In the last five year, RIGL's revenue has increased by 21.3% per year. This was slower than the Biotechnology industry average of 29.57%.
You can analyze RIGL's earnings and revenue performance here.
Are RIGL executives and large shareholders buying or selling the stock?
Over the past year, insiders at RIGL have sold more shares than they have bought.
Raul R. Rodriguez, CEO President of RIGL, was the latest RIGL insider to sell. They sold $34,821.30 worth of RIGL stock on Feb 5, 2024.
Get more info about who owns RIGL shares here.
Can I rely on RIGL as an income stream?
No, Rigel Pharmaceuticals doesn't provide an income stream by paying out dividends.
What do other investors have to say about RIGL?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your RIGL purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you require additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your RIGL position
Now that you own some RIGL shares, you'll want to keep up with your new stock purchase.
Create a watchlist to see the latest developments about your RIGL stock.
RIGL Feed
How to Buy Stock in Rigel Pharmaceuticals
To reiterate, here are the 6 steps you need to take to buy Rigel Pharmaceuticals stock right now:
- Figure out where to buy Rigel Pharmaceuticals stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Rigel Pharmaceuticals stock
- Make your RIGL purchase
- Get the latest news on your RIGL position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your investment in Rigel Pharmaceuticals, get started below.
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