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How to Buy Aldeyra Therapeutics Stock

Aldeyra Therapeutics Inc

Aldeyra Therapeutics, Inc. , a biotechnology company, develops and commercializes medicines for immune-mediated ocular and systemic diseases.

Aldeyra Therapeutics stock last closed at $3.64, up 7.06% from the previous day, and has decreased 53.69% in one year. It has underperformed other stocks in the Biotechnology industry by 0.41 percentage points. Aldeyra Therapeutics stock is currently +156.34% from its 52-week low of $1.42, and -56.56% from its 52-week high of $8.38.

As of Jul 11, 2024, there are 59.41M shares of ALDX outstanding. The market capitalization of ALDX is $216.27M. In the last 24 hours, 335,403 ALDX shares were traded.

How to Buy Aldeyra Therapeutics Stock

Wondering how to invest in Aldeyra Therapeutics stock? Here's how.
  1. Choose where to buy Aldeyra Therapeutics stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Aldeyra Therapeutics stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Choose your payment method and add your info.
  4. Analyze Aldeyra Therapeutics stock: The Aldeyra Therapeutics ticker symbol is ALDX. Is Aldeyra Therapeutics stock a good investment? Should you buy shares of ALDX? How do ALDX's underlying business fundamentals look? Do top analysts think Aldeyra Therapeutics is a good buy? Why has ALDX's stock price moved recently? (Hint: Our stock market research website can help you decide if ALDX is a good stock to buy).
  5. Execute your ALDX purchase: Decide if you will purchase ALDX shares at the current market price or use a limit order to buy ALDX shares at a specific price.
  6. Get notifications regarding your ALDX position: Create a watchlist to track your investment in Aldeyra Therapeutics stock.

Step 1: Choose where to buy Aldeyra Therapeutics stock

You will need an online brokerage account in order to access the NASDAQ market and buy ALDX stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 2: Sign up for your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal information so you are able to invest in ALDX stock today.

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  1. Click here to get started.
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  2. Enter your personal data to create your new brokerage account.
  1. Send your data by clicking the "Create Account" button.
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Step 3: Fund your investment account

Now that you've created your account on one of the best stock market apps, your next step is to transfer the money for your investment:

Check out the walkthrough below if you need help transferring money into your brokerage account.

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Step 4: Analyze Aldeyra Therapeutics stock

Once you have identified the best place to buy Aldeyra Therapeutics stock, it's important to research their stock before you buy, so you can comprehend the risk and opportunity.

Aldeyra Therapeutics Metrics

ALDX Price
$3.64
1w %
14.11%
1y %
-53.69%
5y %
-36.47%
P/E
-7.14x
P/B
1.91x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$30.01M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$216.27M
Next Earnings
Aug 1, 2024
Next Dividend
N/A

Aldeyra Therapeutics Overview

WallStreetZen was designed to help average investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on ALDX's stock page.

How is ALDX stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge ALDX's intrinsic value.

Using relative valuations methods:

  • ALDX may be undervalued based on its P/B ratio of 1.91x, relative to Biotechnology industry P/B ratio of 6.37x

You can access more valuation analysis on ALDX's stock here.

A look at ALDX Cashflows and Balance Sheet

Positive Health Checks:

  • ALDX has $133.04M in cash and short term investments. This is enough to cover its annual cash burn of $30.85M.
  • ALDX has a low debt to equity ratio of 0.25.
  • ALDX has cash burn of 30854997. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the ALDX balance sheet.
  • There are more short-term assets than long-term liabilities on the ALDX balance sheet.

Negative Health Checks:

  • Total ALDX debt is higher than 5 years ago, relative to shareholder equity.

Is it a good time to buy ALDX stock, according to Wall Street analysts?

Out of 2 Equities analysts who give recommendations on ALDX, the consensus analyst rating on Aldeyra Therapeutics is a Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are saying on the Aldeyra Therapeutics stock forecast page.

ALDX Momentum

SMA10
3.34
SMA20
3.44
SMA50
3.75
SMA100
3.7
SMA200
3.5
MACD
-0.11
MACD Signal
-0.14
MACD Histogram
0.04
RSI
54.99
Stochastic %K
63.79
Stochastic %D
45.4
StochRSI %K
100
StochRSI %D
85.76

What are ALDX insiders up to?

In the last year, executives and large shareholders at ALDX have sold more shares than they have bought.

Perceptive Advisors LLC, 10% Owner of ALDX, was the latest ALDX insider to buy. They bought $178,754.88 worth of ALDX stock on Apr 5, 2024.

Get more info about who owns ALDX stock here.

Does ALDX stock generate passive income?

No, Aldeyra Therapeutics doesn't provide an income stream by paying out dividends.

What do other investors have to say about ALDX?

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Execute your ALDX purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.

Press the Open Trade button and your broker will place your order.

If you require additional assistance buying stocks on eToro, click the how to video below:

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Step 6: Get notifications regarding your ALDX position

Now that you own some shares in ALDX, you'll want to keep up with your stock purchase.

Add ALDX to a watchlist to track your ALDX stock.

ALDX Feed

How to Buy Stock in Aldeyra Therapeutics

To reiterate, here are the 6 steps for buying Aldeyra Therapeutics stock:

  1. Choose where to buy Aldeyra Therapeutics stock
  2. Sign up for your brokerage account
  3. Fund your investment account
  4. Analyze Aldeyra Therapeutics stock
  5. Execute your ALDX purchase
  6. Get notifications regarding your ALDX position

If you are looking for a brokerage account, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Aldeyra Therapeutics, add ALDX to your watchlist below.

NASDAQ: ALDX
$3.64+0.24 (+7.06%)
Updated Jul 11, 2024
Open eToro Account
NASDAQ: ALDX
$3.64+0.24 (+7.06%)
Updated Jul 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Aldeyra Therapeutics share?

As of Jul 11, 2024, it costs $3.64 to buy one share of Aldeyra Therapeutics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.275 shares of ALDX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Aldeyra Therapeutics stock?

According to 2 Wall Street analysts who monitor Aldeyra Therapeutics, their consensus recommendation is to buy Aldeyra Therapeutics stock.

What is the best way to buy Aldeyra Therapeutics stock?

One way to place an order for Aldeyra Therapeutics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.