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How to Buy Cellectar Biosciences Stock

Cellectar Biosciences Inc

Cellectar Biosciences, Inc. , a clinical biopharmaceutical company, focuses on the discovery, development, and commercialization of drugs for the treatment of cancer.

Cellectar Biosciences stock last closed at $3.64, down 5.58% from the previous day, and has increased 142.33% in one year. It has overperformed other stocks in the Biotechnology industry by 1.48 percentage points. Cellectar Biosciences stock is currently +179.62% from its 52-week low of $1.30, and -18.31% from its 52-week high of $4.45.

At the moment, there are 32.26M shares of CLRB outstanding. The market capitalization of CLRB is $117.27M. In the past 24 hours, 1.47M CLRB shares were traded.

How to Buy Cellectar Biosciences Stock

Not sure how to invest in Cellectar Biosciences stock? Here's how.
  1. Choose where to buy Cellectar Biosciences stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Cellectar Biosciences stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your method of payment and add your information.
  4. Analyze Cellectar Biosciences stock: The Cellectar Biosciences ticker symbol is CLRB. Is Cellectar Biosciences stock a good investment? Should you buy shares of CLRB? How do CLRB's underlying business fundamentals look? Do top analysts think Cellectar Biosciences is a good buy? Why has CLRB's stock price moved recently? (Hint: Our stock market research website can help you understand if CLRB is a good stock to buy).
  5. Place your CLRB trade: Decide if you will purchase CLRB shares at the current market price or use a limit order to purchase CLRB shares at a given price.
  6. Track your CLRB position: Create a watchlist to important notifications about your investment in Cellectar Biosciences shares.

Step 1: Choose where to buy Cellectar Biosciences stock

You need an online brokerage account in order to access the NASDAQ market and buy CLRB shares.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

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

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  2. Enter your personal info to open a new trading account.
  1. Send your details by pressing the "Create Account" button.
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Step 3: Fund your investment account

Now that you have filled out your info on the best stock market app, you need to deposit funds:

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

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Step 4: Analyze Cellectar Biosciences stock

After you have identified the best place to buy Cellectar Biosciences stock, it's important to research their stock prior to buying, so you truly understand the risk and opportunity.

Cellectar Biosciences Numbers

CLRB Price
$3.64
1w %
-2.55%
1y %
142.33%
5y %
-83.25%
P/E
-1.17x
P/B
-86.48x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$37.98M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$117.27M
Next Earnings
May 2, 2024
Next Dividend
N/A

CLRB Fundamentals

WallStreetZen was created to help everyday investors do more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on CLRB's stock page.

Is CLRB stock overvalued?

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

You can access more valuation research on CLRB's stock here.

A look at CLRB Cashflows and Balance Sheet

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the CLRB balance sheet.

Failed Health Checks:

  • Total CLRB debt is still negative.
  • CLRB debt to equity ratio of -9.91 is negative.
  • There are more short-term liabilities than short-term assets on the CLRB balance sheet.
  • CLRB has cash burn of 33241012. It does not have sufficient cash and short-term investments to cover this.
  • CLRB has $9.56M in cash and short term investments. This is not sufficient to cover its annual cash burn of $33.24M.

Is Cellectar Biosciences stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 1 sell side analysts who track CLRB, the consensus analyst rating on CLRB is a Strong Buy

It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.

You can dig deeper into what analysts are projecting on the Cellectar Biosciences stock forecast page.

CLRB Technical Indicators

SMA10
3.7
SMA20
3.82
SMA50
3.68
SMA100
3.12
SMA200
2.62
MACD
0.04
MACD Signal
0.05
MACD Histogram
-0.01
RSI
47.7
Stochastic %K
50
Stochastic %D
57.3
StochRSI %K
54.34
StochRSI %D
64.48

Are CLRB insiders buying or selling the stock?

Over the past year, insiders at CLRB have not bought or sold any shares.

Get more info about who owns CLRB stock here.

Does CLRB stock generate passive income?

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

What do other investors have to say about CLRB?

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

Click below to find out what other investors have to say.

Step 5: Place your CLRB trade

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 mostly fine.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, use a limit order.

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

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Step 6: Track your CLRB position

Now that you own some CLRB stock, you'll want to stay up-to-date on your new investment.

Start a watchlist to track the most important metrics related to your CLRB stock.

CLRB Feed

How to Buy Stock in Cellectar Biosciences

To summarize, here are the 6 steps to buy Cellectar Biosciences stock:

  1. Choose where to buy Cellectar Biosciences stock
  2. Open your brokerage account
  3. Fund your investment account
  4. Analyze Cellectar Biosciences stock
  5. Place your CLRB trade
  6. Track your CLRB position

If you require a brokerage, 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 tabs on your investment in Cellectar Biosciences, create your watchlist below.

NASDAQ: CLRB
$3.64-0.22 (-5.58%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: CLRB
$3.64-0.22 (-5.58%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cellectar Biosciences share?

As of Mar 27, 2024, it costs $3.64 to buy one share of Cellectar Biosciences 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 CLRB.

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 Cellectar Biosciences stock?

According to 1 Wall Street analysts who monitor Cellectar Biosciences, their consensus recommendation is to buy Cellectar Biosciences stock.

What is the best way to buy Cellectar Biosciences stock?

One way to place an order for Cellectar Biosciences 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.