How to Buy Cyanotech Stock
Cyanotech Corp
Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae worldwide.
Cyanotech stock last closed at $0.80, up 3.76% from the previous day, and has decreased 63.64% in one year. It has underperformed other stocks in the Packaged Foods industry by 0.61 percentage points. Cyanotech stock is currently +30.93% from its 52-week low of $0.61, and -66.94% from its 52-week high of $2.42.
As of Sep 29, 2023, there are 6.31M shares of CYAN outstanding. The market capitalization of CYAN is $5.05M. In the last 24 hours, 5034 CYAN shares were traded.
How to Buy Cyanotech Stock
Wondering how to invest in Cyanotech stock? Here's how.
- Decide where to buy Cyanotech stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Cyanotech stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your details.
- Evaluate Cyanotech stock: The Cyanotech ticker symbol is CYAN. Is Cyanotech stock a good investment? Should you buy shares of CYAN? How do CYAN's underlying business fundamentals look? Do top analysts think Cyanotech is a good buy? Why has CYAN's stock price moved recently? (Hint: Our stock analysis website can help you understand if CYAN is a good stock to buy).
- Place your CYAN purchase: Decide if you will purchase CYAN shares at the current market price or use a limit order to purchase CYAN stock at a particular price.
- Get updates on your investment in CYAN: Create a watchlist to important updates regarding your investment in Cyanotech stock.
Step 1: Decide where to buy Cyanotech stock
You will need an online brokerage account to access the NASDAQ market and buy CYAN stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal details so you are able to invest in CYAN stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Input your personal data to create a new brokerage account.
- Submit your details by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've filled out your info on investing apps, you need to deposit funds:
Check out this video walkthrough to see the process of depositing money into your brokerage account.
Step 4: Evaluate Cyanotech stock
After you have chosen the best place to buy Cyanotech stock, it's important to analyze their stock before you buy, so you actually understand the risk as well as the opportunity.
Overview of key CYAN info
Cyanotech Zen Score
WallStreetZen was created to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on CYAN's stock page.
Is CYAN stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CYAN's true value.
Using relative valuations measures:
- CYAN could be undervalued based on its P/B ratio of 0.34x, relative to Packaged Foods industry P/B ratio of 2.04x
You can do additional valuation analysis on CYAN's stock here.
CYAN Financial Health Summary
Signs that CYAN is financially healthy:
- There are more short-term assets than short-term liabilities on the CYAN balance sheet.
- There are more short-term assets than long-term liabilities on the CYAN balance sheet.
- CYAN has $648.00k in cash and short term investments. This is sufficient to cover its annual cash burn of $2.24M.
Signs that CYAN is not financially healthy:
- CYAN has a relatively high debt to equity ratio of 0.94.
- CYAN profit margin has gone down from 3.4% to -20.1% in the past year.
- Total CYAN debt is higher than 5 years ago, relative to shareholder equity.
- CYAN has cash burn of 2239000. It does not have sufficient cash and short-term investments to cover this.
CYAN Technicals
CYAN Growth Metrics
Last year, CYAN revenue was $21.61M. In the past five year, CYAN's revenue has increased by -7.81% per year. This was slower than the Packaged Foods industry average of 7.67%.
You can research CYAN's earnings and revenue performance here.
What are CYAN insiders up to?
Over the last year, executives and large shareholders at CYAN have bought more shares than they have sold.
Michael A. 1. Davis, Director of CYAN, was the latest CYAN insider to buy. They bought $2,742.03 worth of CYAN stock on Sep 15, 2023.
Research more about who owns CYAN shares here.
Does CYAN stock generate passive income?
No, Cyanotech doesn't provide an income stream by paying out dividends.
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Step 5: Place your CYAN purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available 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 be sure you're buying or selling at a particular price, place a limit order.
Press the Open Trade button and your broker will place the order.
If you want additional help with investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in CYAN
Now that you own some CYAN shares, you'll want to keep up with your company.
Create a watchlist to get notified of the latest news about your CYAN stock.
CYAN Feed
How to Buy Stock in Cyanotech
To summarize, here are the 6 steps to buy stock in Cyanotech:
- Decide where to buy Cyanotech stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Evaluate Cyanotech stock
- Place your CYAN purchase
- Get updates on your investment in CYAN
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Cyanotech, click the button below.
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