How to Buy Shockwave Medical Stock
Shockwave Medical Inc
ShockWave Medical, Inc. , a medical device company, engages in developing and commercializing intravascular lithotripsy technology for the treatment of calcified plaque in patients with peripheral vascular, coronary vascular, and heart valve diseases worldwide.
Shockwave Medical stock last closed at $329.00, up 0.45% from the previous day, and has increased 25.46% in one year. It has overperformed other stocks in the Medical Devices industry by 0.44 percentage points. Shockwave Medical stock is currently +109.55% from its 52-week low of $157.00, and -0.78% from its 52-week high of $331.58.
There are currently 37.4M SWAV shares outstanding. The market cap of SWAV is $12.30B. In the last 24 hours, 1.29M SWAV shares were traded.
How to Buy Shockwave Medical Stock
Wondering how to invest in Shockwave Medical stock? Here's how.
- Figure out where to buy Shockwave Medical stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Shockwave Medical stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your details.
- Research Shockwave Medical stock: The Shockwave Medical ticker symbol is SWAV. Is Shockwave Medical stock a good investment? Should you buy shares of SWAV? How do SWAV's underlying business fundamentals look? Do top analysts think Shockwave Medical is a good buy? Why has SWAV's stock price moved recently? (Hint: Our stock market research tools can help you figure out if SWAV is a good stock to buy).
- Make your SWAV trade: Decide if you will purchase SWAV shares at the current market price or use a limit order to purchase SWAV shares at a particular price.
- Keep an eye on your investment in SWAV: Create a watchlist to keep tabs on your new investment in Shockwave Medical shares.
Step 1: Figure out where to buy Shockwave Medical stock
You will need an online brokerage account to access the NASDAQ market and buy SWAV stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you are able to buy SWAV stock today.
How to Create 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 data to start a new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on one of the best stock market apps, your next step is to transfer the money for your investment:
Check out this video walkthrough if you need help depositing money into your new brokerage account.
Step 4: Research Shockwave Medical stock
Once you have chosen the best place to buy Shockwave Medical stock, it's absolutely critical to evaluate their stock before you invest, so you truly comprehend the risk and opportunity.
Overview of key SWAV info
SWAV Fundamentals
WallStreetZen was built to help average investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SWAV's stock page.
How is SWAV stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SWAV's true value.
Using relative valuations metrics:
- SWAV could be overvalued based on its P/E ratio of 82.04x, relative to Medical Devices industry P/E ratio of 28.69x
- SWAV could be overvalued based on its P/B ratio of 18.4x, relative to Medical Devices industry P/B ratio of 3.63x
- SWAV could be overvalued based on its PEG ratio of 4.81x
You can access additional valuation research on SWAV's stock here.
SWAV Financial Health
Passed Financial Due Diligence Checks:
- SWAV's operating cash flow of $196.05M allows it to safely service it's debt of $766.97M.
- There are more short-term assets than short-term liabilities on the SWAV balance sheet.
- There are more short-term assets than long-term liabilities on the SWAV balance sheet.
- Total SWAV debt is lower than 5 years ago, relative to shareholder equity.
- SWAV earnings of $181.19M is not enough to cover its interest payments.
Failed Financial Due Diligence Checks:
- SWAV profit margin has gone down from 44.1% to 20.2% in the past year.
- SWAV has a relatively high debt to equity ratio of 1.34.
Is SWAV stock a Buy, Hold, or Sell, according to analysts?
Out of 7 sell side analysts who give ratings on SWAV, the consensus analyst rating on SWAV is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent SWAV Analyst Upgrades/Downgrades
An analyst from CL King initiates coverage on SWAV with a buy rating and announces their SWAV price target of $368.00, on Mar 27, 2024.
Larry Biegelsen, a top 13% analyst from Wells Fargo maintains SWAV with a hold rating and raises their SWAV price target from $200.00 to $210.00, on Feb 16, 2024.
Mike Matson, a bottom 1% analyst from Needham maintains SWAV with a buy rating and raises their SWAV price target from $260.00 to $286.00, on Feb 16, 2024.
You can dig deeper into what analysts are forecasting on the Shockwave Medical stock forecast page.
SWAV Technical Indicators
SWAV Earnings
Last year, SWAV earnings were $147.28M. Over the last one years, SWAV's earnings have grown by -33.39% per year. This was slower than the Medical Devices industry average of 9.2%.
Last year, SWAV revenue was $730.23M. In the last five year, SWAV's revenue has grown by 126.45% per year. This was faster than the Medical Devices industry average of 13.38%.
You can research SWAV's earnings and revenue performance here.
Who is buying/selling SWAV?
In the last 12 months, executives and large shareholders at SWAV have sold more shares than they have bought.
Laura Francis, Director of SWAV, was the latest SWAV insider to sell. They sold $450,000.00 worth of SWAV shares on Mar 26, 2024.
Get more info about who owns SWAV stock here.
Can I get consistent income from SWAV stock?
No, Shockwave Medical doesn't provide an income stream by paying out dividends.
What do other investors have to say about SWAV?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your SWAV trade
There are 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 usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in SWAV
Now that you own some SWAV shares, you'll want to keep up with your investment.
Put SWAV on a watchlist to get notified of the latest news about your SWAV stock.
SWAV Feed
How to Buy Stock in Shockwave Medical
To reiterate, here are the 6 steps for buying Shockwave Medical stock:
- Figure out where to buy Shockwave Medical stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Shockwave Medical stock
- Make your SWAV trade
- Keep an eye on your investment in SWAV
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Shockwave Medical, add SWAV to your watchlist below.
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