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Summary: Novavax is an American biotech company focused on developing vaccines to prevent infectious diseases. For investors looking interested in the biotechnology and healthcare sectors, Novavax represents a potential growth opportunity. In this guide, you will learn how to buy NVAX stock on trading platforms like eToro.
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About Novavax
Novavax (NASDAQ: NVAX) is an American biotechnology company developing vaccines for serious infectious diseases. Founded in 1987, Novavax has made significant strides in the technology, developing vaccines for influenza, Ebola, and COVID-19. The company has garnered attention for its innovative nanoparticle technology and has a robust pipeline of vaccine candidates in development.
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How to buy Novavax stock: Step-by-step
Novavax has been publicly traded since 1995 and is currently listed on NASDAQ under the ticker NVAX.
To buy NVAX stock, you can follow these simple steps:
- Step 1: Find a broker;
- Step 2: Research the company;
- Step 3: Decide how much to invest;
- Step 4: Fund your account;
- Step 5: Place an order.
Step 1: Find a broker
To buy NVAX stock, you’ll first have to find a solid online broker and register an account. It’s important to compare different online brokers to find one that suits your investment needs, so consider the following factors when selecting a broker:
- Fees: Look for a platform that offers commission-free trading to maximize your investment returns;
- Account minimums: Some brokers have deposit minimums. Opt for a broker that aligns with your budget;
- Account options: Brokers typically offer cash and margin accounts. Cash accounts allow you to invest only the money you have, whereas margin accounts let you borrow money to invest;
- Customer support: Choose a broker with strong educational resources, market news, and responsive customer support.
Our recommended broker for biotech stocks is eToro, a platform with millions of active users that offers:
- 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.
Step 2: Research the company
Before investing in stocks, it’s essential to research the company and its stock performance. This includes conducting both fundamental analysis and technical analysis.
Fundamental analysis assesses the intrinsic value of the company by examining its financial health, revenue, profit margins, and growth potential, while technical analysis focuses on the stock’s price history and uses chart patterns to predict future movements, which is particularly useful for short-term trading.
Some other key factors to consider include:
- Novavax market position: Determine if Novavax can maintain its market share and competitive advantage;
- Management: Ensure the company’s leadership can lead it toward profits;
- Debt: High debt levels can be a risk factor;
- Industry trends: Monitor trends in the biotechnology and healthcare sectors.
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.
Step 3: Decide how much you want to invest
Determine the amount you want to invest based on your financial situation and goals and make sure you consider your:
- Debt levels: Avoid investing if you have high debt levels;
- Safety funds: Maintain an emergency fund separate from your investment funds;
- Financial goals: Set aside funds for other financial goals to avoid dipping into your investment account.
Step 4: Fund your account
After deciding on the investment amount, fund your account. This process may take a few days, and you’ll have various payment options such as linking your bank account, using credit cards, or payment services like PayPal and Neteller.
Step 5: Place an order
Finally, you can place an order and buy NVAX stock. To do so, simply:
- Log in on your broker’s website;
- Find NVAX stock;
- Specify the number of shares you wish to buy;
- Select order type;
- Review all the details once more;
- Execute the trade.
As for the order type, the two most important types to note are:
- Market order: Buy (or sell) the stock at the current market price immediately;
- Limit order: Buy the stock once it reaches a specific price.
Market orders are quicker but may not align with your desired price, while limit orders match your price expectations but may not execute immediately.
NVAX stock price today
Pros and cons of investing in Novavax
Pros
- Growth: Novavax is poised for growth, and recently, it signed a new deal with Sanofi, another pharma powerhouse;
- Profit: The company expects solid revenue in 2024.
Cons
- COVID-caused financial struggles: Novavax did not perform well during the COVID pandemic, disappointing investors and leading to stagnation;
- Market risk: The company naturally faces risk, as the biotech sector is highly competitive and subject to stringent regulations. Not to mention the costs of drug testing and development.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQ about how to buy NVAX stock
Is NVAX stock a good investment?
Novavax is a significant player in the biotech industry with potential for growth. However, its suitability as an investment depends on your financial goals, risk tolerance, and investment strategy.
Who owns the most Novavax stock?
SPDR owns the most NVAX stock.
Does Novavax pay dividends?
No, as of now, Novavax does not pay dividends.
When did Novavax go public?
The Novavax IPO was in 2015.
What is the NVAX stock forecast?
At the time of writing (June 2024), the NVAX stock is predicted to go as high as $38.00 in the next year, which is an 81.21% growth.
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.
