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.
Pfizer (PFE) Stock Information At A Glance
1. Stock Name: Pfizer Inc. (PFE)
2. Share Price: $35.61*
3. Market Cap: $198.638 Billion
4. Beta: 0.62
5. P/E Ratio: 20.86
6. 52 Week Low: $27.51
7. 52 Week High: $43.08
Historical Performance Of Pfizer Stock (PFE)
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.
6 Benefits Of Buying Pfizer Stock (PFE)
1. Upcoming COVID vaccine with BioNTech (BNTX).
2. Consistent R&D and innovation.
3. Truly international reach of Pfizer products.
4. Ever-increasing interest in the Biotech industry.
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.
Should You Buy Pfizer Stock (PFE)?
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. Join Cube for free to find out if you should invest in Pfizer stock from India.
Why Should You Buy US Stocks Using Cube?
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.
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