How to Buy Cytokinetics Stock
Cytokinetics Inc
Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators and inhibitors as potential treatments for debilitating diseases.
Cytokinetics stock last closed at $65.34, up 0.83% from the previous day, and has increased 75.93% in one year. It has overperformed other stocks in the Biotechnology industry by 0.98 percentage points. Cytokinetics stock is currently +151.5% from its 52-week low of $25.98, and -40.73% from its 52-week high of $110.25.
There are currently 103M CYTK shares outstanding. The market capitalization of CYTK is $6.73B. In the last 24 hours, 628,014 CYTK shares were traded.
How to Buy Cytokinetics Stock
Not sure how to invest in Cytokinetics stock? Here's how.
- Choose where to buy Cytokinetics stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Cytokinetics stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your details.
- Research Cytokinetics stock: The Cytokinetics ticker symbol is CYTK. Is Cytokinetics stock a good investment? Should you buy shares of CYTK? How do CYTK's underlying business fundamentals look? Do top analysts think Cytokinetics is a good buy? Why has CYTK's stock price moved recently? (Hint: Our stock analysis website can help you figure out if CYTK is a good stock to buy).
- Place your CYTK trade: Decide if you will purchase CYTK shares at the current market price or use a limit order to purchase CYTK stock at a specific price.
- Keep an eye on your CYTK investment: Create a watchlist to track your position in Cytokinetics stock.
Step 1: Choose where to buy Cytokinetics stock
You need a brokerage account to access the NASDAQ market and buy CYTK shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you are able to invest in CYTK stock today.
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- 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 details to open your new trading account.
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Step 3: Deposit funds into your brokerage account
Now that you have created your account on the best stock trading app, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your new investment account.
Step 4: Research Cytokinetics stock
After you have identified the best place to buy Cytokinetics stock, it's important to analyze their stock prior to investing, so you can comprehend the risk and opportunity.
Cytokinetics Numbers
CYTK Zen Score
WallStreetZen was created to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CYTK's stock page.
Is CYTK stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CYTK's fair value.
You can access more valuation research on CYTK's stock here.
Is CYTK a healthy company?
Passed Financial Due Diligence Checks:
- CYTK has cash burn of 415749000. 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 CYTK balance sheet.
Failed Financial Due Diligence Checks:
- CYTK profit margin has gone down from -411.2% to -6,988.6% in the past year.
- Total CYTK debt is still negative.
- CYTK debt to equity ratio of -3.13 is negative.
- CYTK has $614.82M in cash and short term investments. This is not sufficient to cover its annual cash burn of $415.75M.
- There are more long-term liabilities than short-term assets on the CYTK balance sheet.
Is it a good time to buy Cytokinetics stock, according to Wall Street analysts?
Out of 11 sell side analysts who track CYTK, the consensus analyst rating on Cytokinetics is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent CYTK Analyst Forecasts
Joseph Pantginis, a top 11% analyst from HC Wainwright & Co. reiterates CYTK with a buy rating and maintains their CYTK price target from $94.00 to $94.00, on Feb 28, 2024.
Ashwani Verma, a top 33% analyst from UBS downgrades CYTK to a hold rating and raises their CYTK price target from $61.00 to $92.00, on Jan 24, 2024.
Jeffrey Hung, a top 12% analyst from Morgan Stanley downgrades CYTK to a hold rating and raises their CYTK price target from $60.00 to $90.00, on Jan 5, 2024.
Sean McCutcheon, a bottom 26% analyst from Raymond James maintains CYTK with a buy rating and raises their CYTK price target from $63.00 to $92.00, on Dec 28, 2023.
Paul Choi, a bottom 10% analyst from Goldman Sachs initiates coverage on CYTK with a strong buy rating and announces their CYTK price target of $50.00, on Nov 9, 2023.
You can dive deeper into what analysts are forecasting on the Cytokinetics stock forecast page.
CYTK Trading Indicators
CYTK Earnings
Last year, CYTK revenue was $7.53M. During the last five year, CYTK's revenue has gone up by -24.89% per year. This was slower than the Biotechnology industry average of 28.56%.
You can research CYTK's earnings and revenue performance here.
Are CYTK insiders buying or selling the stock?
Over the last year, insiders at CYTK have sold more shares than they have bought.
John T. Henderson, Director of CYTK, was the latest CYTK insider to sell. They sold $681,671.48 worth of CYTK shares on Apr 25, 2024.
Dig into more about who owns CYTK shares here.
Does CYTK stock generate passive income?
No, Cytokinetics doesn't provide an income stream by paying out dividends.
CYTK Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your CYTK trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your CYTK investment
Now that you own some CYTK shares, you'll want to stay up-to-date on your investment.
Create a watchlist to see the latest developments about your CYTK stock.
CYTK Feed
How to Buy Stock in Cytokinetics
To reiterate, here are the 6 steps for buying Cytokinetics stock:
- Choose where to buy Cytokinetics stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Cytokinetics stock
- Place your CYTK trade
- Keep an eye on your CYTK investment
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your investment in Cytokinetics, create a watchlist today.
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