How to Buy Amylyx Pharmaceuticals Stock
Amylyx Pharmaceuticals Inc
Amylyx Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company, engages in developing various therapeutics for amyotrophic lateral sclerosis (ALS) and other neurodegenerative diseases.
Amylyx Pharmaceuticals stock last closed at $2.00, up 3.63% from the previous day, and has decreased 92.81% in one year. It has underperformed other stocks in the Biotechnology industry by 0.74 percentage points. Amylyx Pharmaceuticals stock is currently +17.65% from its 52-week low of $1.70, and -93.44% from its 52-week high of $30.50.
As of May 2, 2024, there are 67.78M shares of AMLX outstanding. The market capitalization of AMLX is $135.56M. In the last 24 hours, 1.91M AMLX shares were traded.
How to Buy Amylyx Pharmaceuticals Stock
Wondering how to invest in Amylyx Pharmaceuticals stock? Here's how.
- Choose where to buy Amylyx Pharmaceuticals stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Amylyx Pharmaceuticals stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your information.
- Evaluate Amylyx Pharmaceuticals stock: The Amylyx Pharmaceuticals ticker symbol is AMLX. Is Amylyx Pharmaceuticals stock a good investment? Should you buy shares of AMLX? How do AMLX's underlying business fundamentals look? Do top analysts think Amylyx Pharmaceuticals is a good buy? Why has AMLX's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if AMLX is a good stock to buy).
- Execute your AMLX buy order: Decide if you will purchase AMLX shares at the current market price or use a limit order to purchase AMLX stock at a specific price.
- Monitor your AMLX position: Create a watchlist to get live updates on your investment in Amylyx Pharmaceuticals stock.
Step 1: Choose where to buy Amylyx Pharmaceuticals stock
You will need an online brokerage account to access the NASDAQ market and buy AMLX stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you can buy AMLX stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on investing apps, you need to deposit funds:
Watch the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Evaluate Amylyx Pharmaceuticals stock
Once you have identified the best place to buy Amylyx Pharmaceuticals stock, it's critical to research their stock before you invest, so you can understand the risk as well as the opportunity.
Amylyx Pharmaceuticals quick stats
Amylyx Pharmaceuticals Zen Score
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on AMLX's stock page.
What is the fair value of AMLX stock?
Investors use many financial metrics, analyses, models, and charts to gauge AMLX's intrinsic value.
Using relative valuations metrics:
- AMLX may be undervalued based on its P/E ratio of 2.74x, relative to Biotechnology industry P/E ratio of 7.63x
- AMLX could be undervalued based on its P/B ratio of 0.31x, relative to Biotechnology industry P/B ratio of 5.99x
- AMLX may be undervalued based on its PEG ratio of 0.02x
You can do more valuation research on AMLX's stock here.
AMLX Financial Overview
Passed Health Checks:
- AMLX earnings of $54.30M is not sufficient to cover its interest payments.
- AMLX profit margin has gone up from -892.4% to 12.9% in the past year.
- There are more short-term assets than long-term liabilities on the AMLX balance sheet.
- AMLX's operating cash flow of $11.92M allows it to safely service it's debt of $4.24M.
- There are more short-term assets than short-term liabilities on the AMLX balance sheet.
- AMLX has a low debt to equity ratio of 0.19.
Is it a good time to buy Amylyx Pharmaceuticals stock, according to analysts?
Out of 5 sell side analysts who give forecasts on AMLX, the consensus analyst rating on AMLX is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Amylyx Pharmaceuticals stock forecast page.
AMLX Trading Indicators
AMLX Earnings
Last year, AMLX revenue was $380.79M. In the last four year, AMLX's revenue has increased by 304.24% per year. This was faster than the Biotechnology industry average of 29.57%.
Find out more about AMLX's earnings and revenue performance here.
Who is buying/selling AMLX?
In the past year, executives and large shareholders at AMLX have bought more shares than they have sold.
Joshua B. Cohen, Co-Chief Executive Officer of AMLX, was the latest AMLX insider to sell. They sold $77,440.28 worth of AMLX shares on Mar 5, 2024.
Dig into more about who owns AMLX shares here.
Does AMLX stock generate passive income?
No, Amylyx Pharmaceuticals doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your AMLX buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will execute the order.
If you want more help with buying stocks on eToro, click the helpful video below:
Step 6: Monitor your AMLX position
Now that you own some shares in AMLX, you'll want to keep up with your new investment.
Start a watchlist to keep track of your AMLX stock.
AMLX Feed
How to Buy Stock in Amylyx Pharmaceuticals
To summarize, here are the 6 steps you need to take to buy Amylyx Pharmaceuticals stock right now:
- Choose where to buy Amylyx Pharmaceuticals stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Amylyx Pharmaceuticals stock
- Execute your AMLX buy order
- Monitor your AMLX position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Amylyx Pharmaceuticals, click below.
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