Summary: Moderna (NASDAQ: MRNA) is a publicly traded biotech company that specializes in developing mRNA vaccines. One of the most convenient ways to invest in Moderna is to buy MRNA stock on reputable brokerage platforms like eToro.
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About Moderna
Moderna, Inc. is a biotechnology company based in Cambridge, Massachusetts. Founded in 2010, the company specializes in developing messenger RNA (mRNA) therapeutics and vaccines. Their most notable achievement to date is the development and distribution of an mRNA COVID-19 vaccine.
Moderna’s mission is to improve human health by advancing the field of mRNA science. They have a diverse pipeline of mRNA-based products in development, targeting various diseases, including infectious diseases, cancer, and rare genetic disorders. Their innovative approach to medicine has, therefore, generated significant interest from investors.
Moderna IPO
Note
Moderna went public in December 2018, conducting its IPO on the NASDAQ stock exchange under the ticker symbol MRNA. During the IPO, Moderna issued shares to the public, allowing investors to buy a stake in the company.
The IPO price for Moderna was set at $23 per share, and it raised over $600 million in capital. Since then, the stock has experienced significant volatility, reflecting investor sentiment and news related to the company’s developments in mRNA technology.
How to buy Moderna stock: Step-by-step
If you’re interested in investing in Moderna stock, you can follow our step-by-step guide and become a shareholder in no time:
Step 1: Select a brokerage
To buy Moderna stock, you’ll need to open an account with a brokerage. There are many online broker platforms available; however, it’s key to choose one that suits your investment strategy the best and has access to the Nasdaq stock market, where MRNA is traded.
With this in mind, our brokerage of choice is eToro—a widely popular platform with licenses from regulatory authorities like FinCEN. Yet, besides its 30+ million registered trading accounts, eToro also offers its users a host of solid features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
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.
Note
Step 2: Fund your account
After opening an account on your brokerage of choice, the next step is to deposit funds into it. Luckily, you can transfer money from your bank account to your brokerage account via various transfer methods that your bank and newly-made account support.
This will be the money that you’ll use to buy MRNA stock, so keep in mind to deposit enough funds to cover the amount of stock you wish to purchase. Also, some brokerages might include trading fees and charges, thus fund your account accordingly.
Step 3: Place an order
Next up, you should place an order. So, log in to your brokerage account and search for Moderna using its ticker symbol, MRNA. Once you find it, you can place an order to buy shares. You can choose between different orders, such as:
- Market orders: Buy at the current market price;
- Limit orders: Specify the price at which you want to buy.
Note
Step 4: Monitor your investment
Although it might seem like purchasing Moderna stock is the final step in the investing process, it’s not. You should, instead, keep an eye on your investment. The thing is—stock prices can fluctuate, so it’s essential to stay informed about company news and market trends to make adjustments if the need arises.
Pros and cons of buying Moderna stock
Pros
- Innovative technology: Moderna’s mRNA technology has the potential to revolutionize medicine, making it an exciting long-term investment;
- COVID-19 vaccine success: The success of Moderna’s COVID-19 vaccine demonstrated the company’s capabilities and boosted its reputation;
- Strong pipeline: Moderna has a robust pipeline of mRNA-based therapies for various diseases, which could drive future growth;
- Global reach: The company’s mRNA vaccines have global demand, providing opportunities for revenue growth.
Cons
- Volatility: Moderna’s stock can be highly volatile, which may not be suitable for risk-averse investors;
- Regulatory challenges: The biotechnology industry faces regulatory hurdles and risks associated with product development and approval;
- Competition: Moderna faces competition from other biotech firms and pharmaceutical companies in the mRNA field;
- Valuation concerns: The stock’s price may not always reflect the company’s fundamentals, potentially leading to overvaluation.
MRNA price today
What to avoid when buying stock
When investing in Moderna or any other stock, it’s crucial to avoid common mistakes and pitfalls, such as:
- Lack of research: Don’t invest in a company without researching its financial health, products, and industry;
- Overtrading: Avoid excessive buying and selling, as frequent trading can lead to higher transaction costs and taxes;
- Ignoring diversification: Don’t put all your money into a single stock. Diversify your investments to spread risk;
- Emotional trading: Avoid making impulsive decisions based on fear or greed. Stick to your investment strategy;
- Chasing hype: Don’t invest solely because of media hype or rumors. Make informed decisions based on data and analysis.
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 Moderna stock
Can I buy Moderna stock directly from the company?
No, you can’t buy Moderna stock directly from the company. However, you can purchase it through a brokerage account like eToro.
How much does it cost to buy Moderna stock?
The cost per share varies and depends on the current market price, so be sure to check the latest stock price before purchasing.
What is the minimum amount required to invest in Moderna stock?
The minimum investment amount depends on your brokerage. Some brokerages have no minimum requirements, while others may require a minimum initial deposit.
Is Moderna a dividend-paying stock?
No, Moderna doesn’t pay dividends.
Are there any tax implications when buying and selling Moderna stock?
Yes, there can be tax implications. Hence, consult a tax professional for guidance on managing taxes related to your investments.
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.
