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How to Buy Cytek Biosciences Stock

Cytek Biosciences Inc

Cytek Biosciences, Inc. , a cell analysis solutions company, provides cell analysis tools that facilitates scientific advances in biomedical research and clinical applications.

Cytek Biosciences stock last closed at $9.15, up 18.83% from the previous day, and has decreased 3.58% in one year. It has overperformed other stocks in the Medical Devices industry by 0.07 percentage points. Cytek Biosciences stock is currently +140.79% from its 52-week low of $3.80, and -25.67% from its 52-week high of $12.31.

As of Mar 1, 2024, there are 135.55M CTKB shares outstanding. The market capitalization of CTKB is $1.24B. In the past 24 hours, 1.28M CTKB shares were traded.

How to Buy Cytek Biosciences Stock

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

Step 1: Choose where to buy Cytek Biosciences stock

You will need an online brokerage account in order to access the NASDAQ market and buy CTKB stock.

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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 CTKB stock today.

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Step 3: Deposit money your brokerage account

Now that you've finished signing up on apps for stock market, you need to deposit funds:

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Step 4: Research Cytek Biosciences stock

After you have figured out the best place to buy Cytek Biosciences stock, it's absolutely critical to analyze their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.

Cytek Biosciences stock at a glance

CTKB Price
$9.15
1w %
4.93%
1y %
-3.58%
5y %
N/A
P/E
-91.5x
P/B
2.98x
P/S
6.8x
PEG
N/A
Revenue
$183.12M
Earnings
-$14.12M
Fore. Rev. Growth
19.55%
Fore. Earn. Growth
N/A
Market Cap
$1.24B
Next Earnings
N/A
Next Dividend
N/A

Cytek Biosciences Overview

WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.

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

Is CTKB stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge CTKB's intrinsic value.

Using relative valuations metrics:

  • CTKB could be undervalued based on its P/B ratio of 2.98x, relative to Medical Devices industry P/B ratio of 4.01x

You can do more valuation analysis on CTKB's stock here.

A quick look at CTKB Financials

Positive Health Checks:

  • CTKB has a low debt to equity ratio of 0.25.
  • CTKB has $288.02M in cash and short term investments. This is enough to cover its annual cash burn of $7.80M.
  • There are more short-term assets than long-term liabilities on the CTKB balance sheet.
  • CTKB has cash burn of 7796000. It has enough 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 CTKB balance sheet.

Negative Health Checks:

  • CTKB profit margin has gone down from -0.6% to -7.7% in the past year.

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

Out of 4 Equities analysts who give ratings on CTKB, the consensus analyst rating on CTKB is a Strong Buy

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

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

CTKB Trading Indicators

SMA10
8.58
SMA20
8.36
SMA50
8.51
SMA100
7.2
SMA200
7.54
MACD
0.11
MACD Signal
0.08
MACD Histogram
0.03
RSI
57.77
Stochastic %K
63.84
Stochastic %D
70.54
StochRSI %K
60.61
StochRSI %D
71.74

Is CTKB Making Money?

Last year, CTKB revenue was $183.12M. Over the last 2 year, CTKB's revenue has gone up by 23.7% per year. This was faster than the Medical Devices industry average of 12.74%.

You can research CTKB's earnings and revenue performance here.

Are CTKB insiders buying or selling the stock?

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

Valerie Barnett, CHIEF LEGAL OFFICER of CTKB, was the latest CTKB insider to sell. They sold $6,586.68 worth of CTKB shares on Feb 20, 2024.

Get more info about who owns CTKB shares here.

Can I get consistent income from CTKB stock?

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

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Step 5: Make your CTKB purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, use a limit order.

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Step 6: Get the latest scoop on your investment in CTKB

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

Add CTKB to a watchlist to get the latest updates about your CTKB stock.

CTKB Feed

How to Buy Stock in Cytek Biosciences

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

  1. Choose where to buy Cytek Biosciences stock
  2. Sign up for your brokerage account
  3. Deposit money your brokerage account
  4. Research Cytek Biosciences stock
  5. Make your CTKB purchase
  6. Get the latest scoop on your investment in CTKB

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If you want to get notifications regarding your investment in Cytek Biosciences, create your watchlist below.

NASDAQ: CTKB
$9.15+1.45 (+18.83%)
Updated Mar 1, 2024
Open eToro Account
NASDAQ: CTKB
$9.15+1.45 (+18.83%)
Updated Mar 1, 2024
Open eToro Account

FAQ

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

As of Mar 1, 2024, it costs $9.15 to buy one share of Cytek Biosciences stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.437 shares of CTKB.

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 Cytek Biosciences stock?

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

What is the best way to buy Cytek Biosciences stock?

One way to place an order for Cytek 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.