How to Buy HIMS Stock [2024] | Invest in Hims and Hers

Summary: Hims and Hers (Hims) is a telehealth company offering a range of health and wellness services. In this guide, you will learn how to buy HIMS stock through online stock trading platforms such as eToro.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Hims and Hers

Hims and Hers (NYSE: HIMS), or Hims for short, provides a modern approach to health and wellness, offering telehealth consultations, prescription medications, and easily accessible over-the-counter products. The company puts an emphasis on accessibility and affordability, making it easier for consumers to address their health issues from the comfort of their homes.

How to buy HIMS stock: Step-by-step

To invest in Hims, you need to buy shares in HIMS through a brokerage platform. To do so, you can:

1. Find a broker: Find a brokerage platform that lists HIMS shares;
2. Register and fund your account;
3. Place a trade: Find the stock on the broker’s platform and place a trade;
4. Monitor your investment.

Step 1: Find a broker

To invest, you will have to find a licensed brokerage that lists HIMS shares. Our recommended platform is eToro, a stock trading platform known for its user-friendly interface and extensive trading features, such as:

• Commission-free stock and ETF trading;
• Over 2,000 stocks from 17 different exchanges;
• Fractional shares;
• Charting tools;
• User-friendly platform.

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Fund your account

Next, register and fund your brokerage account. To register, simply follow the broker’s instructions, which will vary across platforms. As for the funding, you can typically transfer funds through:

• Bank transfers;
• Wire transfers;
• Electronic funds transfers (EFTs);
• Third-party payment systems like PayPal.

Step 3: Place a trade

Once your account is funded, place your order to buy HIMS stock by following these steps:

1. Log in to your broker’s website;
2. Search for HIMS shares;
3. Specify the number of shares you want to buy (or the dollar amount you wish to invest);
4. Select order type (i.e., market, limit, stop-loss, etc.);
5. Review all the details;
6. Execute the trade.

Step 4: Monitor Your Investment

After purchasing HIMS stock, it’s essential to monitor your investment. Use the chart tools and market analysis features provided by your brokerage platform to track stock price movements. Additionally, consider diversifying your portfolio by exploring other investment opportunities.

Also, you can experiment with copy-trading to replicate successful trading strategies from experienced investors on your platform and conduct technical analysis to track historical price data and predict future price movements.

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

HIMS stock price today

Common mistakes to avoid when investing

Stock investments are inherently risky, so try to avoid some common investing mistakes, such as: 

• Insufficient research: Not thoroughly investigating the company before investing can result in financial losses;
• Emotional investing: Allowing emotions and the fear of missing out to dictate investment choices can lead to impulsive and unprofitable decisions;
• Lack of diversification: Investing all your money in a single asset heightens the risk if that investment underperforms;
• Ignoring taxes: Overlooking tax implications can lead to avoidable financial liabilities.

Pros and cons of investing in Hims

Pros

• Growth potential: The telehealth sector is rapidly expanding, and Hims has been reporting solid revenue;
• Increasing demand: There is a growing demand for remote healthcare services.

Cons

• Regulatory challenges: The telehealth industry faces regulatory scrutiny;
• Competitive market: The telehealth sector will be highly competitive as it continues to grow;
• No dividends: The company does not pay dividends.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy HIMS stock

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.