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How to Buy Cormedix Stock

Cormedix Inc

CorMedix Inc. , a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally.

Cormedix stock last closed at $3.28, up 1.23% from the previous day, and has decreased 18.2% in one year. It has overperformed other stocks in the Biotechnology industry by 0.05 percentage points. Cormedix stock is currently +27.63% from its 52-week low of $2.57, and -46.14% from its 52-week high of $6.09.

At the moment, there are 54.81M shares of CRMD outstanding. The market cap of CRMD is $179.78M. In the past 24 hours, 220,537 CRMD shares were traded.

How to Buy Cormedix Stock

Wondering how to invest in Cormedix stock? Here's how.
  1. Choose where to buy Cormedix stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Cormedix stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Pick your payment method and add your information.
  4. Evaluate Cormedix stock: The Cormedix ticker symbol is CRMD. Is Cormedix stock a good investment? Should you buy shares of CRMD? How do CRMD's underlying business fundamentals look? Do top analysts think Cormedix is a good buy? Why has CRMD's stock price moved recently? (Hint: Our stock research website can help you evaluate if CRMD is a good stock to buy).
  5. Place your CRMD purchase: Decide if you will purchase CRMD shares at the current market price or use a limit order to buy CRMD stock at a specific price.
  6. Get updates on your CRMD investment: Create a watchlist to monitor your investment in Cormedix shares.

Step 1: Choose where to buy Cormedix stock

You need a brokerage account to access the NASDAQ market and buy CRMD stock.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked your brokerage, you'll need to fill out some personal details so you are able to invest in CRMD today.

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  2. Input your personal info to open a new brokerage account.
  1. Submit your info by hitting the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you've created your account on the best stock app for beginners, your next step is to transfer the money for your investment:

Watch this video walkthrough for more details depositing funds into your brokerage account.

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Step 4: Evaluate Cormedix stock

Once you have identified the best place to buy Cormedix stock, it's critical to research their stock prior to buying, so you truly understand the risk as well as the opportunity.

Cormedix stock data

CRMD Price
$3.28
1w %
-0.91%
1y %
-18.2%
5y %
-65.29%
P/E
-3.81x
P/B
2.16x
P/S
3,280x
PEG
N/A
Revenue
$29.70k
Earnings
-$39.79M
Fore. Rev. Growth
2,690.6%
Fore. Earn. Growth
N/A
Market Cap
$179.78M
Next Earnings
Mar 28, 2024
Next Dividend
N/A

CRMD Zen Score

WallStreetZen was designed to help part-time investors do more accurate fundamental analysis quickly.

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

What is the fair value of CRMD stock?

You can use a variety of different financial metrics, analyses, models, and charts to gauge CRMD's true value.

Using relative valuations measures:

  • CRMD may be undervalued based on its P/B ratio of 2.16x, relative to Biotechnology industry P/B ratio of 6.12x

You can access additional valuation analysis on CRMD's stock here.

A quick look at CRMD Financials

Positive Financial Indicators:

  • Total CRMD debt is lower than 5 years ago, relative to shareholder equity.
  • CRMD has a low debt to equity ratio of 0.1.
  • There are more short-term assets than long-term liabilities on the CRMD balance sheet.
  • CRMD has $86.67M in cash and short term investments. This is sufficient to cover its annual cash burn of $33.98M.
  • CRMD has cash burn of 33978749. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the CRMD balance sheet.

Negative Financial Indicators:

  • CRMD profit margin has gone down from -31,794.6% to -133,978% in the past year.

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

Out of 4 Wall Street analysts who track CRMD, the consensus analyst rating on Cormedix is a Strong Buy

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

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

CRMD Technical Indicators

SMA10
3.24
SMA20
3.16
SMA50
3.36
SMA100
3.38
SMA200
3.88
MACD
-0.02
MACD Signal
-0.05
MACD Histogram
0.03
RSI
52.07
Stochastic %K
79.71
Stochastic %D
81.07
StochRSI %K
87.15
StochRSI %D
89.65

CRMD Growth Numbers

Last year, CRMD revenue was $29.70k. In the past five year, CRMD's revenue has increased by -43.05% per year. This was slower than the Biotechnology industry average of 36.58%.

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

Latest Insiders Trades at CRMD

Over the last year, executives and large shareholders at CRMD have bought more shares than they have sold.

Matthew T. David, Chief Financial Officer of CRMD, was the latest CRMD insider to sell. They sold $18,099.52 worth of CRMD shares on Jan 12, 2024.

Dig into more about who owns CRMD shares here.

Does CRMD provide a stable income stream?

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

What others are saying about CRMD

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

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Step 5: Place your CRMD purchase

There are two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order allows 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 limit, use a limit order.

Click the Open button and eToro will place your order.

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Step 6: Get updates on your CRMD investment

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

Add CRMD to a watchlist to track your CRMD stock.

CRMD Feed

How to Buy Stock in Cormedix

To reiterate, here are the 6 steps for buying Cormedix stock:

  1. Choose where to buy Cormedix stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Cormedix stock
  5. Place your CRMD purchase
  6. Get updates on your CRMD investment

If you are looking for a place to buy stocks, 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 want to get updates on your investment in Cormedix, get started below.

NASDAQ: CRMD
$3.28+0.04 (+1.23%)
Updated Feb 23, 2024
Open eToro Account
NASDAQ: CRMD
$3.28+0.04 (+1.23%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cormedix share?

As of Feb 23, 2024, it costs $3.28 to buy one share of Cormedix 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 0.305 shares of CRMD.

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 Cormedix stock?

According to 4 Wall Street analysts who monitor Cormedix, their consensus recommendation is to buy Cormedix stock.

What is the best way to buy Cormedix stock?

One way to place an order for Cormedix 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.