How to buy Moderna (MRNA) stock

Use our step-by-step guide to learn how to buy MRNA stock and compare the best Moderna trading platforms.
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Updated: Feb 20, 2023
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A big part of learning how to buy Moderna stocks is finding the best place to make your investment. Moderna stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Moderna when following our step by step guide.

Where to buy Moderna stock?

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The best stock trading platform to use to buy Moderna stock is Plus500 .

Based on our research, we’ve ranked the top three brokers where you can buy Moderna shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

Sort by:

1
Min. Deposit
$ 100
Best offer
User Score
10
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

Read more about how we test, rank & review platforms.

How to buy stock in Moderna in 3 simple steps

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Buying Moderna stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to Plus500

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Plus500 is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

1
Min. Deposit
$ 100
Best offer
User Score
10
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2. Make a deposit

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Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy Moderna shares

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Search for Moderna using the ticker, MRNA. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Moderna and complete your purchase.

It’s as easy as that! You can buy Moderna shares in just 10-15 minutes and now you’re a Moderna shareholder.

Compare the best platforms to buy Moderna stock

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1. Plus500. Best for international CFD trading*

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From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro. Best for beginners, copy-trading & demo-account

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0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

Fundamental analysis of Moderna shares

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What is Moderna’s total worth?

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Moderna’s total net worth is $64.01 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has Moderna’s share price performed in recent years?

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The current Moderna stock price today is $166.60, which is 66.52% below its all time high of $497.49, which it reached on 10 August, 2021. 

Overall, MRNA is up 809% over the last five years. The MRNA share price is down 6.45% in 2024 with a 52 week high of $217.15 and a 52 week low of $115.03.

What is Moderna’s EPS?

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Moderna’s EPS is $26.08. EPS stands for earnings per share and is calculated by dividing Moderna’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Moderna P/E ratio?

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Moderna’s P/E ratio is 6.39. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Moderna’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Moderna’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Moderna’s dividend yield?

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Moderna’s dividend yield is 0%. The dividend yield tells you how much of Moderna’s share price it gives back to shareholders in dividend payments every year. Moderna does not pay a dividend. 

Is Moderna stock a buy or sell?

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The indicator below shows you live technical ratings for Moderna stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research Moderna to help you decide whether to buy Moderna shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Moderna a good investment for me? 

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The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Moderna.

  • Moderna’s IPO was the largest biotech public offering. Moderia was listed on the stock exchange via an IPO in 2018. It raised $621 million, making it the largest biotech public offering in history. 
  • It is best known for its Covid vaccine. Before the pandemic, Moderna was not a household name. That all changed when it developed its coronavirus vaccine in 2020, using mRNA – a sequence of genetic code that instructs the body to cure itself. 
  • Moderna may be more than a covid stock. While best known for its vaccine, Modera’s business is large, and the company invests in various research areas with plans to scale as quickly as possible. 
  • It has very few approved treatments beyond the Covid-19 jab. Despite investing heavily in other areas, its covid jab remains its flagship product, and the company has few other approved treatments. This could make it a fragile investment, especially with so many competitors moving faster. 
  • Covid helped its share price drastically move higher. Moderna’s share price was flat for a couple of years before exploding in 2020, up over 700% from the start of the year. 
  • Moderna operates in a crowded market. Moderna operates in a more isolated way than many big pharma competitors, and there are a number of other coronavirus vaccines in development or production that make it a crowded marketplace.

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Moderna’s pros and cons before you decide whether to buy Moderna stock.

Pros

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  • It is one of the few biotech companies to develop an approved covid vaccine
  • Its share price has rocketed in recent years
  • It is investing heavily into other treatments

Cons

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Are there other ways to buy shares in Moderna?

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Yes, you can invest in Moderna stock in a few different ways. One option is to buy stock in Moderna directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a Nasdaq index fund to get exposure to Moderna, or choose a pharma ETF.

Another option is to use a social copy trading platform, like Plus500 . Find a trader who you like and copy their Moderna trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Moderna shares from someone with more experience.

What are the fees for investing in Moderna stock?

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It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Moderna stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in Moderna.

Trading platformTrading fees
eToro $0
Skilling $0
Capital.com $0
Degiro $0 (US) / £1.75 (UK)
AvaTrade 0.13% commission

How to sell Moderna stock

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When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Moderna stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Moderna stock now?

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It’s your investing goals and style that define whether now is a good time to buy. The current Moderna stock price plays into it but ultimately it depends on your investment horizons.

  • If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Moderna based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy MRNA.
  • If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Moderna’s fundamentals are solid then the best time to invest in Moderna stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Moderna stock all hours of the day but you don’t want to wait years for a return either.

Either way, following MRNA price news and analysis will help you decide when to dip your toe into the market.

Latest Moderna news

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Register now and buy Moderna stock

FAQs

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Is Moderna stock overvalued?
Do I have to pay capital gains tax on any profits I make?
What is Moderna’s ticker symbol?
Does Moderna pay dividends?
Is Moderna ESG friendly?


Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.