How to Buy Trxade Health Stock
Trxade Health Inc
TRxADE HEALTH, Inc. operates as a health services IT company in the United States.
Trxade Health stock last closed at $6.50, down 2.4% from the previous day, and has increased 35.84% in one year. It has overperformed other stocks in the Pharmaceutical Retailers industry by 0.91 percentage points. Trxade Health stock is currently +76.15% from its 52-week low of $3.69, and -85.41% from its 52-week high of $44.56.
As of Apr 23, 2024, there are 1.41M MEDS shares outstanding. The market cap of MEDS is $9.14M. In the last 24 hours, 9411 MEDS shares were traded.
How to Buy Trxade Health Stock
Not sure how to invest in Trxade Health stock? Here's how.
- Decide where to buy Trxade Health stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Trxade Health stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Evaluate Trxade Health stock: The Trxade Health ticker symbol is MEDS. Is Trxade Health stock a good investment? Should you buy shares of MEDS? How do MEDS's underlying business fundamentals look? Do top analysts think Trxade Health is a good buy? Why has MEDS's stock price moved recently? (Hint: Our stock research tools can help you evaluate if MEDS is a good stock to buy).
- Make your MEDS buy order: Decide if you will purchase MEDS shares at the current market price or use a limit order to buy MEDS stock at a particular price.
- Get updates on your MEDS position: Create a watchlist to keep tabs on your position in Trxade Health stock.
Step 1: Decide where to buy Trxade Health stock
You will need a brokerage account in order to access the NASDAQ market and buy MEDS stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you are able to invest in MEDS 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.
- Enter your personal details to open a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the greatest app to buy stocks, you need to deposit funds:
Check out the tutorial below if you need help depositing money into your investment account.
Step 4: Evaluate Trxade Health stock
After you have decided on the best place to buy Trxade Health stock, it's important to analyze their stock prior to investing, so you can understand the risk as well as the upside.
Trxade Health stock quick numbers
MEDS Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MEDS's stock page.
Is MEDS stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge MEDS's intrinsic value.
Using relative valuations measures:
- MEDS could be overvalued based on its P/B ratio of 16.85x, relative to Pharmaceutical Retailers industry P/B ratio of 1.17x
You can access additional valuation analysis on MEDS's stock here.
Is MEDS a healthy company?
Positive Health Checks:
- MEDS has $1.45M in cash and short term investments. This is enough to cover its annual cash burn of $2.07M.
- There are more short-term assets than long-term liabilities on the MEDS balance sheet.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the MEDS balance sheet.
- Total MEDS debt is higher than 5 years ago, relative to shareholder equity.
- MEDS has cash burn of 2073601. It does not have enough cash and short-term investments to cover this.
- MEDS has a relatively high debt to equity ratio of 22.11.
- MEDS profit margin has gone down from -33.9% to -215.7% in the past year.
You can dig deeper into what analysts are saying on the Trxade Health stock forecast page.
MEDS Trading Indicators
MEDS Earnings
Last year, MEDS revenue was $8.27M. During the last 5 year, MEDS's revenue has increased by 16.64% per year. This was faster than the Pharmaceutical Retailers industry average of 3.12%.
Dive into MEDS's earnings and revenue performance here.
Are MEDS executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at MEDS have not bought or sold any shares.
Dig into more about who owns MEDS stock here.
Does MEDS stock generate passive income?
Trxade Health pays a dividend of 123.08%, compared to the Pharmaceutical Retailers industry's average dividend yield of 48.97%. If you owned $1,000 of MEDS stock, you would have been paid $1,230.77 in the past year.
Find more data about Trxade Health dividend yield and history here.
What others are saying about MEDS
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your MEDS buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you want more help buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your MEDS position
Now that you own some MEDS shares, you'll want to stay up-to-date on your shares.
Create a watchlist to get alerted to the latest events about your MEDS stock.
MEDS Feed
How to Buy Stock in Trxade Health
To reiterate, here are the 6 steps to buy stock in Trxade Health:
- Decide where to buy Trxade Health stock
- Sign up for your brokerage account
- Fund your investment account
- Evaluate Trxade Health stock
- Make your MEDS buy order
- Get updates on your MEDS position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Trxade Health, create your watchlist below.
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