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How to Buy Outset Medical Stock [2024] | Step-by-Step

How to Buy Outset Medical Stock [2024] | Step-by-Step
Bogdan Stojkov

Summary: Outset Medical (NASDAQ: OM) is a publicly traded company that’s making waves in the healthcare industry. One of the most convenient ways to buy Outset Medical stock is through a reputable broker platform, such as eToro.

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.

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  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
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 Outset Medical

Outset Medical homepage. Source: outsetmedical.com

Outset Medical is a pioneering healthcare technology company focused on revolutionizing the dialysis experience. Their flagship product, Tablo Hemodialysis System, is designed to make dialysis simpler and more accessible. With a commitment to innovation and patient-centric solutions, Outset Medical has gained attention in the healthcare sector.

Outset Medical IPO

An initial public offering (IPO) is the first time a company’s stock becomes available for public trading.

Outset Medical went public in September 2020 and was one of the few medical device companies that would do so during the COVID-19 pandemic. The company’s shares are listed on the NASDAQ stock exchange, where it trades under the symbol OM.

How to buy Outset Medical stock: Step-by-step

Since Outset Medical’s stock trades on the NASDAQ stock exchange, you can follow our step-by-step guide and become a shareholder in no time.

Step 1: Choose the right broker

Selecting the right broker is the first crucial step in buying Outset Medical stock. Namely, a broker is a platform that facilitates the buying and selling of stocks on the stock market. In this case, our chosen broker is eToro, which offers 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;
  • Charting tools;
  • 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.

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

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
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

Once you’ve chosen a broker, the next step is to fund your account. Most brokers allow you to link your bank account for easy transfers. So, simply follow the instructions provided by your chosen broker to deposit funds into your account.

Make sure to fund your account with an amount you are comfortable investing. Also, remember that diversification is key, so it’s advisable not to invest more than you can afford to lose.

Step 3: Place your order

With your account funded, you can place your order for Outset Medical stock. To do so, log in to your brokerage account, search for OM, and click on the Buy button.

Next up, specify the number of shares you want to purchase and choose the type of order—market order, which executes at the current market price, or a limit order, where you set a specific price at which you’re willing to buy.

Finally, double-check your order details, and if everything looks good, confirm your purchase.

Outset Medical stock price today

Pros and cons of buying Outset Medical stock

Pros

Pros

  • Innovative technology: Outset Medical’s Tablo Hemodialysis System represents cutting-edge technology in the healthcare sector;
  • Growing market: The demand for improved dialysis solutions is on the rise, potentially driving the company’s growth;
  • Experienced leadership: Assess the company’s leadership team to ensure they have the expertise needed to navigate the healthcare industry.
Cons

Cons

  • Market volatility: Like any stock, Outset Medical’s value can fluctuate based on market conditions;
  • Regulatory risks: Changes in healthcare regulations can impact the company’s operations and profitability;
  • Competition: The healthcare industry is competitive, and Outset Medical faces competition from other companies.

If you’re in search of the best medical device stocks for investment, explore our additional guides highlighting prominent companies within this sector.

What to avoid when buying stocks

By staying aware of these common investing mistakes and maintaining a disciplined and informed approach, you can navigate the stock market with greater confidence and increase the likelihood of making sound investment decisions.

  • Emotional decision-making: Avoid making investment decisions based on emotions. Whether it’s fear, greed, or excitement, emotions can cloud judgment. Stick to your investment strategy and goals;
  • Overleveraging: Don’t invest more money than you can afford to lose. While leverage can amplify returns, it also increases the risk of significant losses. Diversify your investments to spread risk;
  • Ignoring research: Thoroughly research Outset Medical and the healthcare industry before making investment decisions. Ignoring research can lead to uninformed choices. Understand the company’s fundamentals, growth prospects, and potential risks;
  • Fear of missing out (FOMO): FOMO can be a powerful force, prompting investors to make impulsive decisions based on the fear of missing out on potential gains. Avoid succumbing to market hype and take the time to make well-informed decisions. Rushing into an investment without proper research can lead to regrettable outcomes.

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 Outset Medical stock

Is Outset Medical publicly traded?

Yes, Outset Medical is a public company. Its stock is listed on the NASDAQ stock exchange under the symbol OM. You can buy Outset Medical stock through a reputable brokerage platform, such as eToro.

How can I check Outset Medical's stock price?

You can check Outset Medical’s stock price on financial news websites, your broker’s platform, or financial news apps.

Can I buy fractional shares of Outset Medical stock?

Some brokers allow you to buy fractional shares, making it possible to invest with smaller amounts of money.

Is Outset Medical stock a buy?

The answer depends on your investment goals, risk tolerance, and the overall market conditions. You should, therefore, conduct thorough research and consider consulting with a financial advisor.

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.

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

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
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.

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