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Companies like Pfizer (PFE) have been at the forefront of innovation and research. Pfizer has been in the limelight recently because they have successfully developed a COVID vaccine that is 90% effective. This is very promising for both humanity and the PFE stock.
The PFE stock saw a rise of 7% in its share price as soon as this news broke out. While the FDA was ready to approve any COVID vaccine with efficacy as low as 50%, it still remains to be seen whether Pfizer's COVID vaccine will get the green light.
So would you benefit from adding the PFE stock to your portfolio? Should you buy biotech stocks at all? Let’s figure out the answer to these questions by looking at the PFE stock information.
Stock Name: Pfizer Inc. (PFE)
Share Price: $36.81*
Market Cap: $204.605 Billion
Beta: 0.65 (Low Volatility)
P/E Ratio: 23.93 (Moderate)
52 Week Low: $26.45
52 Week High: $43.08
1. Upcoming COVID vaccine with BioNTech (BNTX).L
2. Consistent R&D and innovation.
3. Truly international reach of Pfizer products.
4. Ever-increasing interest in the Biotech industry.
5. Low volatility.
6. Fairly priced shares.
Note: Historical performance does not guarantee future success. Please consult a Cube Wealth Coach or enroll for our US Advisory Service, before investing your hard-earned money into any stocks.
1. Stiff competition from AstraZeneca (AZN), Sanofi (SNY), Genzyme (GENZ), Vertex (VRTX), and others.
2. Possible FDA rejection of COVID vaccine.
3. Failure rates of drug development.
Historical performance of Biotech stocks and PFE stock seems promising. Since Pfizer is involved in constant R&D and innovation specific to medicines and vaccines, on principle, the PFE stock might seem like a good addition. The Pfizer COVID vaccine might give more confidence to potential investors as well.
However, both biotech stocks and PFE stock are constantly under the microscope due to the nature of their industry, potentially failed drug trials, regulatory action, and more.
So whether or not you should invest in the PFE stock depends on your existing portfolio, investment goals, age, risk tolerance, and more. Find out if you should buy PFE stock by speaking to a wealth coach or download the Cube Wealth app today.
The Cube Wealth app makes it easier for you to buy stocks of US companies like Pfizer, Netflix, Google, Facebook, Amazon, Apple, Tesla, and more from India with world-class advice from RIA, Rick Holbrook, who currently manages assets for HNIs worth ~$130m.
Cube also allows you to invest by yourself in any US stock for a low amount! To try, start with as little as $1
Simply click on the "Buy US Stocks On Your Own" option.
Before you buy any international stock, speak to a Cube Wealth Coach to know whether PFE, NFLX, AAPL, GOOG, FB, AMZN, TSLA and more can help your portfolio.
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1. Enbrel
2. Eliquis
3. Prevnar 13/Prevener
4. Lyrica
5. Lipitor
Watch this video to know more about US stock advice on Cube Wealth
*Note: All facts & figures are as of 04-01-2021. While we update our blogs regularly, check out the Cube Wealth app for detailed facts & figures.
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on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!
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