Summary: Recursion Pharmaceuticals is a prominent biotech company focusing on machine learning and artificial intelligence. In this guide, you will learn how to buy Recursion Pharmaceuticals stock and gain exposure to innovative healthcare technologies through a regulated stock trading platform such as eToro.
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About Recursion Pharmaceuticals
Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) is a biotechnology company based in Salt Lake City, Utah. The company specializes in leveraging artificial intelligence (AI) and machine learning to accelerate its operations, aiming to develop treatments for a wide range of diseases.
For more biotech investments, check out our guide on these stocks as well:
- Pfizer (NYSE: PFE);
- Moderna (NASDAQ: MRNA);
- Sanofi (NASDAQ: SNY);
- Eli Lilly (NYSE: LLY);
- Biogen (NASDAQ: BIIB);
- Amgen (NASDAQ: AMGN);
- Gilead Sciences (NASDAQ: GILD);
- Bayer (FWB: BAYN);
- Thermo Fisher Scientific (NYSE: TMO).
How to buy Recursion Pharmaceuticals stock: Step-by-step
Recursion Pharmaceuticals is a public company trading on the NASDAQ under the ticker RXRX.
To buy Recursion Pharmaceuticals stock, simply:
- Find a broker: Find a brokerage platform that lists RXRX stock;
- Research the company;
- Register and fund your account;
- Place a trade: Find RXRX stock on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Choose a broker
To start investing in Recursion Pharmaceuticals, you need to find a regulated stock brokerage that lists the RXRX stock while also aligning with your financial goals and investing preferences.
How to choose an online broker:
- Costs: Compare platforms based on their commission and account maintenance fees;
- Accessibility: Ensure the platform is user-friendly and accessible;
- Security: Look for licenses issued by reputable financial institutions and robust cybersecurity measures;
- Customer support: Responsive customer support can save you time when you need assistance;
- Additional features: Research tools, educational materials, and chart patterns can enhance your investing experience.
Our recommended broker for biotech stocks is eToro, a regulated platform with millions of active users and 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.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Research the company
Before purchasing RXRX stock, ensure you thoroughly research the company and analyze its current and historical stock performance. That involves conducting both fundamental and technical analysis:
- Fundamental analysis will allow you to determine the intrinsic value of Recurions Pharmaceuticals by examining its financial health, revenue streams, and growth potential;
- Technical analysis involves reviewing the stock’s historical performance and using chart patterns to predict future price movements.
Step 3: Register and fund your brokerage account
Next, register a trading account. Typically, this involves providing your personal and banking information, linking a payment method, and making an initial deposit. Reputable brokers will offer clear instructions to help you through this process.
Funding methods available usually include:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
Before funding your account, consider your financial constraints to avoid potential losses. Some brokers offer demo accounts to help you familiarize yourself with the platform before committing.
Step 4: Place your order
Once your account is funded, you can start placing orders to buy Recursion Pharmaceuticals shares. Here’s how:
- Find the Recursion Pharmaceuticals stock by searching for its ticker symbol (RXRX) on your broker’s platform;
- Specify the number of shares you want to buy or the dollar amount you want to invest;
- Choose the order type;
- Double-check all details;
- Place the trade.
Key order types include:
- Market order, if you want to buy the stock immediately at its current price;
- Limit order if you wish to buy the stock later, once it hits a specific price.
Step 4: Monitor your investment
After purchasing Recursion Pharmaceuticals shares, actively monitor their performance. Stay informed about industry trends and company developments to make informed decisions about your investment.
Additionally, diversify your portfolio to reduce reliance on a single asset.
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.
Recursion Pharmaceuticals stock price today
Pros and cons of buying Recursion Pharmaceuticals stock
Pros
- Tech innovation: Investing in Recursion Pharmaceuticals allows you to invest in cutting-edge technologies;
- AI boom: Thanks to its focus on AI and machine learning, Recursion Pharmaceuticals also stands to benefit from the growth within AI and machine learning sectors;
- Positive impact: Investing in biotech companies means contributing to the development of new medical treatments.
Cons
- Volatility: High volatility and risk in the biotech sector;
- No dividends: The company pays no dividends;
- Competition: The company faces competition from other biotech firms and large pharmaceutical companies.
How to buy Recursion Pharmaceuticals stock safely
To invest safely, try to avoid some of the most common investing mistakes:
- Do your own research: Understand both Recursion Pharmaceuticals and the broader biotech industry;
- Have clear goals: Avoid blind investments by setting clear financial goals;
- Diversify: Spread your investments across multiple assets to reduce risk;
- Assess Financial Readiness: Ensure you are financially stable before investing.
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 Recursion Pharmaceuticals stock
How to buy Recursion Pharmaceuticals stock?
To buy Recursion Pharmaceuticals stock, register an account with an online stock trading platform like eToro.
Where to buy Recursion Pharmaceuticals stock?
You can buy Recursion Pharmaceuticals stock on investment platforms such as eToro.
Does Recursion Pharmaceuticals pay dividends?
No, Recursion Pharmaceuticals does not pay dividends.
Is investing in biotechnology a good idea?
Biotech investments can be volatile due to uncertainties like medical trials and regulatory challenges. However, with thorough research, biotech can be a promising long-term investment.
When did Recursion Pharmaceuticals go public?
Recursion Pharmaceuticals had its initial public offering (IPO) in 2021.
Who owns the most Recursion Pharmaceuticals stock?
The largest shareholders of RXRX stock include ARK Investment Management LLC, Baillie Gifford & Co, and Vanguard Group.
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.
