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Moderna Therapeutics is a well-known pharmaceutical company that specialises in vaccine technologies. The company has led the race in developing a vaccine for Covid-19 helping the Moderna share price to surge higher. But what is the Moderna stock price forecast for this year? What are the analysts’ forecasts for a Moderna stock target and how can you buy the stock with zero commissions?

In this guide on ‘How to Buy Moderna Stock,’ we answer these questions and more!

How to Buy Moderna Stock – Quick Steps

If you want to buy Moderna stock right now we recommend using eToro. Opening an account only takes a few minutes and you can buy stocks 100% commission-free! Just follow the four-step process outlined below.

  • Step 1: Open an account with eToro. You can open an account with eToro in just a few minutes with an email address and password.
  • Step 2: Verify your account. As eToro is a fully regulated and licenced broker, you will need to verify your account by uploading proof of ID (copy of passport or driver’s licence) and proof of address (copy of bank statement).
  • Step 3: Deposit. You can deposit funds easily with eToro using a bank wire transfer, debit card, or an e-wallet. Get started with a minimum deposit of just $50.
  • Step 4: Buy Moderna Stock. In the online, web-based trading platform you can buy Moderna stock by searching for the company and then clicking on Trade. Enter the number of shares you want to buy and then click Open Trade.

Step 1 – Choose a Stock Broker

To start stock trading successfully, you need to choose the right broker that offers the best security, lowest fees, and top-notch trading platform. Below is a breakdown of some of the best stock brokers to consider.

1. eToro – Overall Best Stock Broker to Buy Moderna Stock

etoro-logo-1-e1623748139151 From our research, eToro is by far the best stock broker around. More than 20 million people use eToro and for good reason. eToro provides a high level of safety and security as they are regulated and licenced all over the world including by the UK FCA, CySEC, ASIC, FINRA, and others. This ensures your money and data are secure and safe.

Where eToro really excels though is the fact they offer more than 2,500+ instruments to trade and invest in, 100% commission-free. You really cannot get better than zero-commission stock trading! You can also purchase fractional shares so you can really get ahead even with a small account.

One of the biggest and best features of the eToro platform is the fact it is also the world’s largest social trading platform and copy trading platform. This means you can search the performance of other traders using the filters of key metrics provided by eToro and then have their trades copied onto your own account.

eToro stocks platform

Copy-trading allows you to build a portfolio passively while learning the secrets of the pros along the way. While there are thousands of stocks you can trade or copy, you can also access other markets like currencies, indices like the Dow Jones 30 index, commodities, cryptos, and ETFs. This means you could do your own investing while having a portion of your funds copying some of the best traders around.

If you do prefer a more passive way to invest in the markets you can also access the eToro CopyPortfolio feature. These are ready-made portfolios constructed and managed by the eToro Management Investment Committee that cover different market themes such as Renewables, Vaccines, CyberSecurity, Big Pharma, and more.

Getting started with eToro is simple as an account can be opening in just a few minutes. You can deposit funds starting at just $50 using bank transfer, debit/credit cards, and e-wallets like PayPal.

Pros

  • Buy shares 100% commission-free
  • Access a wide range of real-time global stocks
  • Zero deposit or account fees
  • Copy trading available with just one click
  • FCA, CySEC, ASIC, FINRA regulated
  • Low minimum deposit

Cons

  • Small withdrawal fee

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com – Top Rated Platform for Stock Trading

capital-1-e1623748030853 Capital.com is a UK-based broker that is authorised and regulated by the UK FCA and CySEC. The broker has more than 360,000 clients trading with them as they have zero fees on buying and selling, deposits and withdrawals.

With Capital.com you can trade on more than 3,000 global markets, including Moderna Therapeutics stock, using Contracts for Difference (CFDs) or through Spread Betting. This is a product that allows you to trade long and short and potentially profit from both rising and falling markets.

You can also trade on margin which allows you to control a large position with a small deposit, amplifying both gains and losses. However, there will be daily overnight fees called ‘swap charges’ to take into consideration.

Capital com header

The broker offers traders a state-of-the-art web-based trading platform that is simple and easy to use. You can also access the MetaTrader 4 platform or use TradingView. There is also a ton of educational materials and online courses to go through.

Not only are there zero fees for buying and selling and deposit and withdrawals, but you can also open an account with only a £20 minimum deposit!

Pros:

  • FCA and CySEC regulated
  • CFD and Spread Betting accounts are available
  • 100% commission-free trading
  • Fee-free deposits and withdrawals
  • Simple to use web-based platform

Cons:

  • No investing account available yet

 

67% of retail investor accounts lose money when trading CFDs with this provider.

 

Step 2 – Research Moderna Stock

In order to decide whether or not to buy Moderna stock, it is important you do your research into the company. Moderna stock news will have a big impact on the company’s share price as does the progress of the Moderna vaccine which is a big moneymaker for the biotech and healthcare companies.

To help you decide whether Moderna stocks are a good investment or not, we have done a detailed Moderna stock analysis and present our findings to you below.

What is Moderna?

Understanding the company you are investing in is essential. The more you know and understand how it makes its money, the more likely you’ll stick with the company as the share price moves up and down.

Moderna is a biotechnology company based in the United States, specialising in vaccine technologies. The company focuses on vaccines that can be given through mRNA (messenger RNA) technology which involves inserting synthetic sequences into human cells which then reprograms the cells to prompt an immune response.

The company only launched in 2010 and went public in 2018. It is now a leader in the production of a vaccine to help fight off Covid-19.

Moderna Stock Price

Moderna’s stock price has been on an incredible run higher since its IPO (initial public offering) in December 2018 on the technology-focused NASDAQ stock exchange. The IPO went down in the history books as the biggest one ever for a biotech company, raising more than $7.5 billion.

moderna stock price char

67% of retail investor accounts lose money when trading CFDs with this provider.

Since going public on December 6, 2018, at an IPO price of $23 per share, the stock has risen sharply to gain more than 1,500% since. The current Moderna market cap is more than $123 billion – up nearly $100 billion in the last year alone due to the coronavirus pandemic.

The record high for the stock was $449.38 recorded on September 10, 2021. With the current price trading below this, it is no wonder demand for learning how to buy Moderna stock has increased.

Moderna Fundamentals

Moderna’s income was actually falling from 2017 to 2019 before a huge increase over the pandemic in 2020. During this fiscal year, Moderna’s revenues increased 1,234.4% to more than $800 million largely due to the Moderna vaccine for Covid-19.

The cash flow for the company is also looking strong with cash flow per share at 9.23 and revenue per share at 16.29. The Moderna price-to-earnings ratio (p/e ratio) is 38.06 which is healthy when looking at the biotech sector as a whole. Most profitable biotech companies trade at 25 to 40 times their earnings.

Moderna’s balance sheet shows 8.99% total debt to equity and 6.46% long-term debt to equity figures. The current ratio of 1.24 is in a healthy range as anything over 1 is considered good meaning the company has more than enough cash to cover its liabilities.

Moderna Dividends

Dividend stocks can be a great addition to your portfolio. Unfortunately, Moderna does not pay a dividend and is unlikely to do so in the near future. This is common for technology companies and biotechnology companies.

As these companies are considered high-growth, they tend to reinvest any profits back into the business to grow more, rather than pay out dividends to shareholders. In some cases, this can lead to a higher stock price in the long run.

For example, Apple went public in 1980 and did not start paying a dividend till 2012 as it reinvested all the profits back into the company to grow to a certain level.

Moderna ESG Breakdown

As institutional investors are now focused on the ESG (Environment, Social, Governance) ranking of a company it is worthwhile taking into consideration. Unfortunately, Moderna has a low to average ESG ranking and trails behind the average for the biotech industry.

The average ESG ranking for more than 938 biotech companies is around 75%. Moderna scores only 45% so is trailing behind some of its peers.

Moderna Stock Forecast

The Moderna stock forecast for the next twelve months varies among analysts. During the coronavirus pandemic, the Moderna stock price forecast was overwhelmingly bullish. However, now that the Moderna vaccine for Covid-19 has been developed and bought by governments some of the Moderna stock forecasts have been trimmed.

Based on twelve different analysts’ rankings over the past three months, the highest Moderna stock price forecast is $485.00 and the lowest Moderna stock forecast is $115.00. However, there are still more analysts who have a buy rating on the stock than a sell rating.

moderna stock forecast

67% of retail investor accounts lose money when trading CFDs with this provider.

eToro actually provides this level of research free for live account holders. Once you have logged into eToro, click the Research tab to find Analyst Consensus & Price Targets, Hedge Fund Activity, Insider Transactions, and much more to help you with your stock analysis.

Moderna Covid Vaccine

Currently, Moderna has more than 24 experimental drugs and vaccines in development for cancer and infectious diseases. The company’s only commercial product is the Moderna Covid-19 vaccine which is probably the most well-known. The codename for this vaccine is mRNA-1273 and is sold under the brand name Spikevax.

It was only in March 2020, that the CEO of Moderna Stéphane Bancel told the Trump (now Biden) administration that Moderna could have a Covid-19 vaccine within a few months. The next day, the company received $483 million in funding to develop it and an FDA approval for clinical trials.

By December 2020, phase III clinical trials were completed and the Moderna Covid-19 vaccine was approved for emergency use by the FDA and other regulators. The price tag was $32 – $37 per dose. Moderna’s second Covid-19 vaccine entered into phase I clinical trials on March 15, 2021.

On June 25, 2021, the FDA added a warning to Moderna’s vaccine for Covid-19 regarding rare cases of myocarditis (heart inflammation). In October 2021, a Bloomberg report highlighted Nordic countries such as Finland, Sweden and Denmark restricted the use of Moderna’s Covid-19 vaccine in young people due to they myocarditis side effect.

Is Moderna a Good Buy?

There are a few themes surrounding the Moderna stock price that are important to know when considering if Moderna stock is a good buy.

Covid-19 Booster Shots Could also Boost the Stock

The Food and Drug Administration (FDA), is scheduled to meet Moderna and Johnson & Johnson in October 2021 to discuss Covid vaccine booster shots. More than 5.3 million booster shots have been given in the US, according to data from the CDC.

This has mainly been from the Pfizer and BioNTech vaccine. More booster shots ordered from the government could help Moderna’s stock to increase further on the potential revenue increase.

Moderna Inc’s Combination Vaccine is the First of its Kind

Moderna is currently developing a vaccine that combines a booster shot against Covid-19 with its own experimental flu shot. The plan is to create an annual vaccine for the respiratory syncytial virus (RSV) and other respiratory diseases.

According to Moderna’s CEO, the company could be the first to market this product representing a huge opportunity for an increase in revenue and its stock price. This is an important step for investors who have been concerned about sales after the pandemic is over.

Some Competitors are in Trouble

Moderna’s stock price took a hit after pharmaceutical competitor Merck announced a promising antiviral Covid-19 pill that reduces hospitalizations in Covid-positive people who are unvaccinated.

However, many scientists have come out and expressed concerns about the safety of the pill. Issues with the development and production of this pill are likely to keep Moderna’s vaccine and booster shots in strong demand.

Step 3: Open Account & Invest with eToro

Here is a step-by-step guide on how to open an account and start investing using eToro.

1. Create Your Account

You can open an account with eToro in just a few minutes. Just input your email address and create a password using the application form and you are good to go!

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Verify Your ID

As eToro is heavily regulated, it is a regulatory requirement to go through AML and KYC procedures. As such, eToro will need to verify your identity.

The two verification documents you will need are:

  • A valid passport or driver’s licence
  • A utility bill or bank account statement issued within the last three months

3. Deposit Funds

To purchase your stock you need to deposit funds into your account. This can be done at the click of a button in under a minute.

Deposit methods include:

  • Debit/credit card
  • Bank wire transfer
  • PayPal
  • Neteller
  • Skrill

etoro deposit funds

4. Buy Stocks!

From the eToro platform, you can search for thousands of stocks like Moderna. Once you’ve found the right one simply click Trade.

etoro moderna buy ticket

67% of retail investor accounts lose money when trading CFDs with this provider.

Input your stake (minimum is $50 on eToro), enter a stop loss or take profit price if you wish and then click Open Trade or Set Order.

Moderna Stock Buy or Sell?

It’s clear to see that many analysts and investors are interested in where Moderna could be trading in the next few months and whether it is a buy or sell. While much of Moderna’s growth came from the coronavirus pandemic, there are still offshoots from this which could help increase the company’s market cap and share price.

While analyst ratings were overwhelmingly bullish during the pandemic period, some forecasts have now been trimmed. But, of the twelve sell-side analysts ranked by eToro’s research platform, there are still more buy ratings than sell ratings on the stock.

Much of Moderna’s share price direction will depend on the order of Covid booster shots, as well as the development of the combination vaccine (Covid booster shot and the company’s experimental flu shot). The CEO believes they could be the first to market this product which could be a huge boon for the company.

As with any form of investing, keep the risk low and build positions as the market narrative and theme becomes clearer ensuring you can survive on any downside potential but you won’t miss out on any upside potential either.

Conclusion

One of the most important considerations when buying stocks is making sure you are using the right broker and trading platform. From our research, eToro provides the best offering for stock market investors.

Not only can you invest in thousands of stocks 100% commission-free, but you can also deposit funds fee-free, access the world’s largest copy trading platform, and gain free access to exclusive research directly from the platform. What’s not to like?

Better yet, you only need $50 to get started. Opening an account only takes a few minutes and you can check all of these features out for yourself!

eToro – Overall Best Stock Broker & Trading Platform

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67% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is Moderna?

Moderna is a US-based biotechnology company that specialises in vaccine technologies using the mRNA system.

Who owns Moderna?

As Moderna is a publicly listed company, it is owned by its shareholders. The top shareholders of Moderna are Robert S. Langer, Noubar B. Afeyan, Flagship Pioneering Inc and Baillie Gifford & Company.

Where is Moderna based?

Moderna is based in the United States in Cambridge, Massachusetts.

How much is Moderna stock?

Currently, Moderna stock is trading at $304.91.

Is Moderna stock a buy?

There are currently more analyst buy ratings on the stock than sell ratings due to the impact of increased revenue from Covid booster shots and the company’s combination vaccine.

How do I buy Moderna stock?

You can buy Moderna stock 100% commission free in just a few minutes by opening an account with heavily regulated and top-rated broker eToro.

adam@psyventures.com'
About Adam Green

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