How to Buy Biofrontera Stock
Biofrontera Inc
Biofrontera Inc. , a biopharmaceutical company, engages in the commercialization of pharmaceutical products for the treatment of dermatological conditions in the United States.
Biofrontera stock last closed at $1.04, down 3.7% from the previous day, and has decreased 7.96% in one year. It has overperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.61 percentage points. Biofrontera stock is currently +94.03% from its 52-week low of $0.54, and -53.15% from its 52-week high of $2.22.
At the moment, there are 9.45M BFRI shares outstanding. The market value of BFRI is $9.82M. In the last 24 hours, 71,600 BFRI shares were traded.
How to Buy Biofrontera Stock
Wondering how to invest in Biofrontera stock? Here's how.
- Choose where to buy Biofrontera stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Biofrontera stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your method of payment and add your information.
- Analyze Biofrontera stock: The Biofrontera ticker symbol is BFRI. Is Biofrontera stock a good investment? Should you buy shares of BFRI? How do BFRI's underlying business fundamentals look? Do top analysts think Biofrontera is a good buy? Why has BFRI's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if BFRI is a good stock to buy).
- Place your BFRI purchase: Decide if you will purchase BFRI shares at the current market price or use a limit order to purchase BFRI stock at a particular price.
- Get notifications regarding your BFRI position: Create a watchlist to key updates about your investment in Biofrontera shares.
Step 1: Choose where to buy Biofrontera stock
You will need a brokerage account in order to access the NASDAQ market and buy BFRI stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by creating an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to buy BFRI today.
How to Start a New Brokerage 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.
- Enter your personal details to create your new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on investing apps, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your new investment account.
Step 4: Analyze Biofrontera stock
Once you have identified the best place to buy Biofrontera stock, it's critical to evaluate their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.
Biofrontera quick stats
Fundamentals of BFRI
WallStreetZen was built to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on BFRI's stock page.
How is BFRI stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge BFRI's true value.
Using relative valuations metrics:
- BFRI could be overvalued based on its P/B ratio of 20.95x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.13x
You can do more valuation research on BFRI's stock here.
A look at BFRI Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the BFRI balance sheet.
- There are more short-term assets than short-term liabilities on the BFRI balance sheet.
Failed Financial Due Diligence Checks:
- BFRI has $1.79M in cash and short term investments. This is not sufficient to cover its annual cash burn of $11.02M.
- BFRI profit margin has gone up by 0.39 percentage points in the past year, but the company is still unprofitable.
- BFRI has cash burn of 11018000. It does not have sufficient cash and short-term investments to cover this.
- BFRI has a relatively high debt to equity ratio of 34.37.
Is BFRI stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who give forecasts on BFRI, the consensus analyst rating on BFRI is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Biofrontera stock forecast page.
BFRI Momentum
BFRI Growth Numbers
Last year, BFRI revenue was $38.00M. Over the past 3 year, BFRI's revenue has increased by 67.34% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 9.72%.
Dig into BFRI's earnings and revenue performance here.
Who is buying/selling BFRI?
In the past year, executives and large shareholders at BFRI have not bought or sold any shares.
Get more info about who owns BFRI stock here.
Can I get consistent income from BFRI stock?
No, Biofrontera doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your BFRI purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Press the Open Trade button and your broker will execute your order.
If you require additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your BFRI position
Now that you own some BFRI shares, you'll want to stay up-to-date on your company.
Put BFRI on a watchlist to see the latest developments about your BFRI stock.
BFRI Feed
How to Buy Stock in Biofrontera
To summarize, here are the 6 steps to buy Biofrontera stock:
- Choose where to buy Biofrontera stock
- Create a brokerage account
- Put funds into your investment account
- Analyze Biofrontera stock
- Place your BFRI purchase
- Get notifications regarding your BFRI position
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your new investment in Biofrontera, click below.
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