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How to Buy Silk Road Medical Stock

Silk Road Medical Inc

Silk Road Medical, Inc. operates as a medical device company in the United States. The company offers various products for the treatment of carotid artery disease called transcarotid artery revascularization.

Silk Road Medical stock last closed at $27.06, down 0.04% from the previous day, and has increased 32.19% in one year. It has overperformed other stocks in the Medical Devices industry by 0.54 percentage points. Silk Road Medical stock is currently +345.07% from its 52-week low of $6.08, and -0.48% from its 52-week high of $27.19.

There are currently 39.44M SILK shares outstanding. The market capitalization of SILK is $1.07B. In the past 24 hours, 1.2M SILK shares were traded.

How to Buy Silk Road Medical Stock

Not sure how to invest in Silk Road Medical stock? Here's how.
  1. Decide where to buy Silk Road Medical stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Silk Road Medical stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Pick your payment method and add your information.
  4. Evaluate Silk Road Medical stock: The Silk Road Medical ticker symbol is SILK. Is Silk Road Medical stock a good investment? Should you buy shares of SILK? How do SILK's underlying business fundamentals look? Do top analysts think Silk Road Medical is a good buy? Why has SILK's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SILK is a good stock to buy).
  5. Execute your SILK buy order: Decide if you will purchase SILK shares at the current market price or use a limit order to buy SILK stock at a specific price.
  6. Watch your SILK position: Create a watchlist to get live updates on your investment in Silk Road Medical shares.

Step 1: Decide where to buy Silk Road Medical stock

You will need an online brokerage account in order to access the NASDAQ market and buy SILK shares.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected the right brokerage, you'll need to fill out some personal info so you can invest in SILK today.

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Step 3: Deposit funds into your brokerage account

Now that you have created your account on the best stock investing app, you can securely and quickly fund your account:

Check out the video below to see the process of transferring money into your new investment account.

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Step 4: Evaluate Silk Road Medical stock

After you have chosen the best place to buy Silk Road Medical stock, it's crucial to analyze their stock prior to investing, so you can wrap your head around the risk and upside.

Silk Road Medical shares data

SILK Price
$27.06
1w %
-0.11%
1y %
32.19%
5y %
-34.86%
P/E
-19.61x
P/B
7.25x
P/S
5.73x
PEG
N/A
Revenue
$185.49M
Earnings
-$53.67M
Fore. Rev. Growth
9.23%
Fore. Earn. Growth
N/A
Market Cap
$1.07B
Next Earnings
Jul 30, 2024
Next Dividend
N/A

SILK Overview

WallStreetZen was designed to help average investors do more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on SILK's stock page.

How is SILK stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge SILK's fair value.

Using relative valuations measures:

  • SILK may be overvalued based on its P/B ratio of 7.25x, relative to Medical Devices industry P/B ratio of 3.91x

You can do more valuation analysis on SILK's stock here.

SILK Financial Health

Pros:

  • There are more short-term assets than long-term liabilities on the SILK balance sheet.
  • SILK has cash burn of 36797000. It has enough cash and short-term investments to cover this for at least one year.
  • Total SILK debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the SILK balance sheet.
  • SILK has $174.46M in cash and short term investments. This is enough to cover its annual cash burn of $36.80M.

Cons:

  • SILK profit margin has gone up by 0.07 percentage points in the past year, but the company is still unprofitable.
  • SILK has a relatively high debt to equity ratio of 0.71.

Is SILK stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 5 Equities analysts who monitor SILK, the consensus analyst rating on SILK is a Hold

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Silk Road Medical stock forecast page.

SILK Technical Indicators

SMA10
27.06
SMA20
27.01
SMA50
24.06
SMA100
20.97
SMA200
16.22
MACD
0.89
MACD Signal
1.11
MACD Histogram
-0.22
RSI
71.58
Stochastic %K
55.73
Stochastic %D
62.71
StochRSI %K
4.28
StochRSI %D
11.25

SILK Earnings

Last year, SILK revenue was $185.49M. Over the past 5 year, SILK's revenue has increased by 34.84% per year. This was faster than the Medical Devices industry average of 11.52%.

You can analyze SILK's earnings and revenue performance here.

What are SILK insiders up to?

Over the past 12 months, insiders at SILK have sold more shares than they have bought.

Andrew S. Davis, Chief Commercial Officer of SILK, was the latest SILK insider to sell. They sold $1,782.13 worth of SILK shares on Jul 3, 2024.

Dig into more about who owns SILK shares here.

Does SILK stock generate passive income?

No, Silk Road Medical doesn't provide an income stream by paying out dividends.

What do other traders have to say about SILK?

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: Execute your SILK buy order

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally 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 make sure you're buying or selling at an exact dollar amount, place a limit order.

Click the Open button and your broker will place your order.

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Step 6: Watch your SILK position

Now that you own some shares in SILK, you'll want to stay up-to-date on your new company.

Start a watchlist to keep tabs on your SILK stock.

SILK Feed

How to Buy Stock in Silk Road Medical

To summarize, here are the 6 steps for buying Silk Road Medical stock:

  1. Decide where to buy Silk Road Medical stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Silk Road Medical stock
  5. Execute your SILK buy order
  6. Watch your SILK position

If you are looking for a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Silk Road Medical, create a watchlist today.

NASDAQ: SILK
$27.06-0.01 (-0.04%)
Updated Jul 22, 2024
Open eToro Account
NASDAQ: SILK
$27.06-0.01 (-0.04%)
Updated Jul 22, 2024
Open eToro Account

FAQ

How much does it cost to buy one Silk Road Medical share?

As of Jul 22, 2024, it costs $27.06 to buy one share of Silk Road Medical stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.37 shares of SILK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Silk Road Medical stock?

According to 5 Wall Street analysts who monitor Silk Road Medical, their consensus recommendation is to hold Silk Road Medical stock.

What is the best way to buy Silk Road Medical stock?

One way to place an order for Silk Road Medical stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.