How to Buy Rxsight Stock
Rxsight Inc
RxSight, Inc. , a medical technology company, engages in the research and development, manufacture, and sale of light adjustable intraocular lenses (LAL) used in cataract surgery in the United States and internationally.
Rxsight stock last closed at $27.05, down 0.51% from the previous day, and has increased 141.73% in one year. It has overperformed other stocks in the Medical Devices industry by 1.57 percentage points. Rxsight stock is currently +176.58% from its 52-week low of $9.78, and -19.9% from its 52-week high of $33.77.
As of Sep 25, 2023, there are 35.64M shares of RXST outstanding. The market value of RXST is $964.16M. In the past 24 hours, 231,131 RXST shares were traded.
How to Buy Rxsight Stock
Wondering how to invest in Rxsight stock? Here's how.
- Choose where to buy Rxsight stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Rxsight stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your method of payment and add your info.
- Research Rxsight stock: The Rxsight ticker symbol is RXST. Is Rxsight stock a good investment? Should you buy shares of RXST? How do RXST's underlying business fundamentals look? Do top analysts think Rxsight is a good buy? Why has RXST's stock price moved recently? (Hint: Our stock analysis website can help you decide if RXST is a good stock to buy).
- Place your RXST purchase: Decide if you will purchase RXST shares at the current market price or use a limit order to buy RXST shares at a particular price.
- Monitor your RXST investment: Create a watchlist to watch your investment in Rxsight stock.
Step 1: Choose where to buy Rxsight stock
You need an online brokerage account in order to access the NASDAQ market and buy RXST shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal details so you can buy RXST today.
How to Create a New Account on eToro
- Click here to get started.
- Provide your personal info to create your new trading account.
- Send your data by hitting the "Create Account" button.
Step 3: Put funds into your investment account
Now that you've finished signing up on a good stock buying app, you need to deposit funds:
Watch the walkthrough below to see the process of transferring money into your new brokerage account.
Step 4: Research Rxsight stock
After you have figured out the best place to buy Rxsight stock, it's critical to evaluate their stock prior to buying, so you can wrap your head around the risk and upside.
Rxsight stock at a glance
RXST Zen Score
WallStreetZen was designed to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on RXST's stock page.
What is the fair value of RXST stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RXST's fair value.
Using relative valuations measures:
- RXST may be overvalued based on its P/B ratio of 6.13x, relative to Medical Devices industry P/B ratio of 3.53x
You can access more valuation analysis on RXST's stock here.
RXST Financial Health Overview
Passed Health Checks:
- RXST has a low debt to equity ratio of 0.24.
- RXST has cash burn of 57864000. It has sufficient cash and short-term investments to cover this for at least one year.
- RXST has $147.85M in cash and short term investments. This is enough to cover its annual cash burn of $57.86M.
- There are more short-term assets than short-term liabilities on the RXST balance sheet.
- There are more short-term assets than long-term liabilities on the RXST balance sheet.
Failed Health Checks:
- RXST profit margin has gone up by 0.93 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy Rxsight stock, according to analysts?
Out of 4 Wall Street analysts who track RXST, the consensus analyst rating on RXST is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent RXST Analyst Recommendations
Steven Lichtman, a bottom 14% analyst from Oppenheimer maintains RXST with a buy rating and raises their RXST price target from $29.00 to $34.00, on Aug 8, 2023.
David Saxon, a bottom 11% analyst from Needham reiterates RXST with a buy rating and maintains their RXST price target from $34.00 to $34.00, on Aug 8, 2023.
Ryan Zimmerman, a top 5% analyst from BTIG maintains RXST with a strong buy rating and raises their RXST price target from $25.00 to $29.00, on Jun 5, 2023.
Maintaining his Strong Buy rating, Zimmerman raised his price target on Rxsight Inc. by 16% following a post-Q1 assessment of all the results from the names in his Medical Technology portfolio.
The group is off to a great start to the year, with 84% of companies in his group beating revenue expectations and 64% exceeding earnings estimates, the analyst summarized.
Larry Biegelsen, a top 14% analyst from Wells Fargo maintains RXST with a hold rating and raises their RXST price target from $17.00 to $27.00, on Jun 5, 2023.
You can dive deeper into what analysts are forecasting on the Rxsight stock forecast page.
RXST Trading Indicators
Is RXST Making Money?
Last year, RXST revenue was $67.00M. In the last two year, RXST's revenue has grown by 95.87% per year. This was faster than the Medical Devices industry average of 13.03%.
Dig into RXST's earnings and revenue performance here.
Are RXST insiders buying or selling the stock?
Over the last year, executives and large shareholders at RXST have bought more shares than they have sold.
Bakker Juliet Tammenoms, Director of RXST, was the latest RXST insider to sell. They sold $88,523.60 worth of RXST shares on Sep 11, 2023.
Research more about who owns RXST stock here.
Can I get consistent income from RXST stock?
No, Rxsight doesn't provide an income stream by paying out dividends.
What do other traders have to say about RXST?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your RXST purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you require more assistance investing in stocks on eToro, click the how to video below:
Step 6: Monitor your RXST investment
Now that you own some RXST shares, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to track the latest developments regarding your RXST stock.
RXST Feed
How to Buy Stock in Rxsight
To summarize, here are the 6 steps you need to take to buy Rxsight stock right now:
- Choose where to buy Rxsight stock
- Sign up for a brokerage account
- Put funds into your investment account
- Research Rxsight stock
- Place your RXST purchase
- Monitor your RXST investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Rxsight, hit the button below to create your watchlist.
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