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 $5.66, down 2.58% from the previous day, and has decreased 44.24% in one year. It has underperformed other stocks in the Medical Devices industry by 0.27 percentage points. Cytek Biosciences stock is currently +48.95% from its 52-week low of $3.80, and -54.02% from its 52-week high of $12.31.
At the moment, there are 130.82M CTKB shares outstanding. The market capitalization of CTKB is $740.46M. In the last 24 hours, 477,762 CTKB shares were traded.
How to Buy Cytek Biosciences Stock
Not sure how to invest in Cytek Biosciences stock? Here's how.
- Choose where to buy Cytek Biosciences stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Cytek Biosciences stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Pick your method of payment and add your information.
- 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 analysis website can help you evaluate if CTKB is a good stock to buy).
- Make your CTKB purchase: Decide if you will purchase CTKB shares at the current market price or use a limit order to purchase CTKB stock at a given price.
- Get the latest scoop on your investment in CTKB: Create a watchlist to key updates about your new 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 shares.
Our favorite brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal info so you can invest in CTKB stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've filled out your info on the best investment app, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Research Cytek Biosciences stock
After you have selected the best place to buy Cytek Biosciences stock, it's very important to evaluate their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Cytek Biosciences Metrics
CTKB Due Diligence Checks
WallStreetZen was designed to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on CTKB's stock page.
Is CTKB stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge CTKB's intrinsic value.
Using relative valuations ratios:
- CTKB could be undervalued based on its P/B ratio of 1.88x, relative to Medical Devices industry P/B ratio of 3.73x
You can access more valuation research on CTKB's stock here.
CTKB Financials at a glance
Positive Health Checks:
- CTKB's operating cash flow of $5.28M allows it to safely service it's debt of $11.13M.
- CTKB has a low debt to equity ratio of 0.26.
- There are more short-term assets than short-term liabilities on the CTKB balance sheet.
- There are more short-term assets than long-term liabilities on the CTKB balance sheet.
Negative Health Checks:
- CTKB earnings of -$13.64M is not enough to cover its interest payments.
- CTKB profit margin has gone down from 1.6% to -6.3% in the past year.
Do Wall Street analysts think it's a good time to buy CTKB stock
Out of 4 Equities analysts who give recommendations on CTKB, the consensus analyst rating on Cytek Biosciences is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Cytek Biosciences stock forecast page.
CTKB Technical Indicators
CTKB Growth Metrics
Last year, CTKB revenue was $193.02M. In the last four year, CTKB's revenue has grown by 35.13% per year. This was faster than the Medical Devices industry average of 13.35%.
Dive into CTKB's earnings and revenue performance here.
Who is buying/selling CTKB?
In the past year, executives and large shareholders at CTKB have sold more shares than they have bought.
Ming Yan, CHIEF TECHNOLOGY OFFICER of CTKB, was the latest CTKB insider to sell. They sold $117,400.00 worth of CTKB shares on Apr 19, 2024.
Research more 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.
What others are saying about CTKB
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your CTKB purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - 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 an exact price, use a limit order.
Click the Open button and your broker will place the order.
If you want more help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in CTKB
Now that you own some CTKB shares, you'll want to stay up-to-date on your stock purchase.
Add CTKB to a watchlist to track the most important metrics related to your CTKB stock.
CTKB Feed
How to Buy Stock in Cytek Biosciences
To summarize, here are the 6 steps you need to take to buy Cytek Biosciences stock right now:
- Choose where to buy Cytek Biosciences stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Cytek Biosciences stock
- Make your CTKB purchase
- Get the latest scoop on your investment in CTKB
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Cytek Biosciences, create a watchlist today.
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