How to Buy Castle Biosciences Stock

Step 1: Decide where to buy Castle Biosciences stock

You need an online brokerage account to access the NASDAQ market and buy CSTL shares.

Step 2: Sign up for your brokerage account

Now that you've selected the best brokerage, you need to fill out some personal details so you can buy CSTL stock today.

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1. Click here to get started.
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2. Input your personal info to create your new brokerage account.

3. Submit your application by hitting the "Create Account" button.
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Step 3: Deposit money your investment account

Now that you've opened your account on the best stock app to use, you can securely and quickly fund your account:

Check out the tutorial below if you need help depositing funds into your new brokerage account.

Step 4: Evaluate Castle Biosciences stock

Once you have decided on the best place to buy Castle Biosciences stock, it's critical to evaluate their stock prior to investing, so you can comprehend the risk as well as the upside.

Castle Biosciences stock quick numbers

Fundamentals of CSTL

WallStreetZen was built to help average investors perform more in-depth fundamental analysis in minutes instead of hours.

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

Is CSTL stock undervalued?

Analysts use many financial metrics, analyses, models, and charts to gauge CSTL's true value.

Using relative valuations methods:

• CSTL may be undervalued based on its P/B ratio of 1.48x, relative to Diagnostics & Research industry P/B ratio of 4.16x

You can do additional valuation analysis on CSTL's stock here.

CSTL Financial Health Overview

Positive Health Checks:

• There are more short-term assets than short-term liabilities on the CSTL balance sheet.
• There are more short-term assets than long-term liabilities on the CSTL balance sheet.
• CSTL has a low debt to equity ratio of 0.16.
• CSTL has $243.10M in cash and short term investments. This is sufficient to cover its annual cash burn of $19.23M.
• CSTL has cash burn of 19234000. It has enough cash and short-term investments to cover this for at least one year.
• Total CSTL debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

• CSTL profit margin has gone up by 0.23 percentage points in the past year, but the company is still unprofitable.

Is it a good time to buy Castle Biosciences stock, according to analysts?

Out of 3 Equities analysts who give ratings on CSTL, the consensus analyst rating on CSTL is a Strong Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Castle Biosciences stock forecast page.

CSTL Technical Indicators

How is CSTL performing as a company?

Last year, CSTL revenue was $219.79M. During the past 5 year, CSTL's revenue has grown by 57.35% per year. This was faster than the Diagnostics & Research industry average of 12.42%.

Learn more about CSTL's earnings and revenue performance here.

Are CSTL executives and large shareholders buying or selling the stock?

In the last year, insiders 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 $1,387.52 worth of CSTL shares on Apr 23, 2024.

Dig into more about who owns CSTL shares here.

Does CSTL stock generate passive income?

No, Castle Biosciences doesn't provide an income stream by paying out dividends.

What others are saying about CSTL

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Place your CSTL purchase

There are two main types of orders:

• Market order: A market order is an order to buy or sell a security at the best possible price.
  Market orders are usually the easiest way to buy.
• 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 specific price, use a limit order.

Click the Open Trade button and your broker will execute the order.

If you need more help investing in stocks on eToro, click the helpful video below:

Step 6: Monitor your investment in CSTL

Now that you own some CSTL shares, you'll want to keep up with your new investment.

Start a watchlist to keep track of your CSTL stock.

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:

1. Decide where to buy Castle Biosciences stock
2. Sign up for your brokerage account
3. Deposit money your investment account
4. Evaluate Castle Biosciences stock
5. Place your CSTL purchase
6. Monitor your investment in CSTL

If you need a place to buy stocks, eToro is our favorite option.

If you would like to get updates on your new investment in Castle Biosciences, add CSTL to your watchlist by clicking the button below.

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