How to Buy Castle Biosciences Stock
Castle Biosciences Inc
Castle Biosciences, Inc. , a commercial-stage diagnostics company, focuses to provide diagnostic and prognostic testing services for dermatological cancers.
Castle Biosciences stock last closed at $29.30, up 5.9% from the previous day, and has increased 65.41% in one year. It has overperformed other stocks in the Diagnostics & Research industry by 0.55 percentage points. Castle Biosciences stock is currently +142.75% from its 52-week low of $12.07, and -3.93% from its 52-week high of $30.50.
As of Sep 10, 2024, there are 27.74M shares of CSTL outstanding. The market value of CSTL is $812.69M. In the past 24 hours, 189,996 CSTL shares were traded.
How to Buy Castle Biosciences Stock
Wondering how to invest in Castle Biosciences stock? Here's how.
- Decide where to buy Castle Biosciences stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Castle Biosciences stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your method of payment and add your details.
- Evaluate Castle Biosciences stock: The Castle Biosciences ticker symbol is CSTL. Is Castle Biosciences stock a good investment? Should you buy shares of CSTL? How do CSTL's underlying business fundamentals look? Do top analysts think Castle Biosciences is a good buy? Why has CSTL's stock price moved recently? (Hint: Our stock market research website can help you decide if CSTL is a good stock to buy).
- Place your CSTL purchase: Decide if you will purchase CSTL shares at the current market price or use a limit order to purchase CSTL stock at a particular price.
- Monitor your investment in CSTL: Create a watchlist to important notifications about your position in Castle Biosciences stock.
Step 1: Decide where to buy Castle Biosciences stock
You need a brokerage account in order to access the NASDAQ market and buy CSTL stock.
Our preferred brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you can buy CSTL today.
How to Start a New 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 create your new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on one of the most highly reviewed stock trading apps, you need to deposit funds:
Watch the tutorial below if you need help depositing money into your new brokerage account.
Step 4: Evaluate Castle Biosciences stock
Once you have figured out the best place to buy Castle Biosciences stock, it's absolutely critical to analyze their stock prior to buying, so you can understand the risk as well as the opportunity.
Castle Biosciences Metrics
Fundamentals of Castle Biosciences
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on CSTL's stock page.
How is CSTL stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge CSTL's true value.
Using relative valuations measures:
- CSTL may be undervalued based on its P/B ratio of 1.92x, relative to Diagnostics & Research industry P/B ratio of 4.56x
You can do more valuation analysis on CSTL's stock here.
CSTL Financial Overview
Positive Health Checks:
- Total CSTL debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the CSTL balance sheet.
- There are more short-term assets than short-term liabilities on the CSTL balance sheet.
- CSTL's operating cash flow of $40.76M allows it to safely service it's debt of $25.19M.
- CSTL profit margin has gone up from -53% to -1.1% in the past year.
- CSTL has a low debt to equity ratio of 0.15.
Negative Health Checks:
- CSTL earnings of -$3.73M is not enough to cover its interest payments.
Do analysts think it's a good time to buy CSTL stock
Out of 2 Wall Street analysts who give recommendations on CSTL, the consensus analyst rating on Castle Biosciences is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Castle Biosciences stock forecast page.
CSTL Trading Indicators
How is CSTL performing as a company?
Last year, CSTL revenue was $287.59M. In the last 5 year, CSTL's revenue has grown by 52.73% per year. This was faster than the Diagnostics & Research industry average of 10.1%.
Dig into CSTL's earnings and revenue performance here.
Latest Insiders Trades at CSTL
In the past year, executives and large shareholders at CSTL have sold more shares than they have bought.
Derek J. Maetzold, Pres. Chief Exec. Officer of CSTL, was the latest CSTL insider to sell. They sold $4,418.55 worth of CSTL stock on Sep 9, 2024.
Research more about who owns CSTL stock here.
Can I rely on CSTL as an income stream?
No, Castle Biosciences doesn't provide an income stream by paying out dividends.
CSTL Social Trading Data
One of the 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: Place your CSTL purchase
You have two primary options:
- 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 allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want more help buying stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in CSTL
Now that you own some CSTL stock, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to track the latest developments regarding your CSTL stock.
CSTL Feed
How to Buy Stock in Castle Biosciences
To reiterate, here are the 6 steps you need to take to buy Castle Biosciences stock right now:
- Decide where to buy Castle Biosciences stock
- Sign up for your brokerage account
- Deposit money your investment account
- Evaluate Castle Biosciences stock
- Place your CSTL purchase
- Monitor your investment in CSTL
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Castle Biosciences, hit the button below to create your watchlist.
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