How to Buy Dermata Therapeutics Stock

Dermata Therapeutics Inc

Dermata Therapeutics, Inc. , a clinical-stage biotechnology company, focuses on identifying, developing, and commercializing pharmaceutical product candidates for the treatment of medical and aesthetic skin conditions.

Dermata Therapeutics stock last closed at $1.62, down 13.37% from the previous day, and has decreased 87.5% in one year. It has underperformed other stocks in the Biotechnology industry by 0.89 percentage points. Dermata Therapeutics stock is currently +65.31% from its 52-week low of $0.98, and -90.26% from its 52-week high of $16.64.

There are currently 2.34M DRMA shares outstanding. The market value of DRMA is $3.79M. In the last 24 hours, 312,029 DRMA shares were traded.

How to Buy Dermata Therapeutics Stock

Not sure how to invest in Dermata Therapeutics stock? Here's how.
  1. Choose where to buy Dermata Therapeutics 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 choose where to buy Dermata Therapeutics stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Choose your payment method and add your info.
  4. Analyze Dermata Therapeutics stock: The Dermata Therapeutics ticker symbol is DRMA. Is Dermata Therapeutics stock a good investment? Should you buy shares of DRMA? How do DRMA's underlying business fundamentals look? Do top analysts think Dermata Therapeutics is a good buy? Why has DRMA's stock price moved recently? (Hint: Our stock research tools can help you evaluate if DRMA is a good stock to buy).
  5. Make your DRMA buy order: Decide if you will purchase DRMA shares at the current market price or use a limit order to purchase DRMA shares at a specific price.
  6. Keep tabs on your DRMA position: Create a watchlist to watch your position in Dermata Therapeutics stock.

Step 1: Choose where to buy Dermata Therapeutics stock

You will need a brokerage account in order to access the NASDAQ market and buy DRMA stock.

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

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Step 2: Sign up for a brokerage account

Now that you've picked your brokerage, you need to fill out some personal info so you are able to buy DRMA stock today.

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Step 3: Deposit funds into your investment account

Now that you've created your account on the greatest app to buy stocks, you need to deposit funds:

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Step 4: Analyze Dermata Therapeutics stock

Once you have chosen the best place to buy Dermata Therapeutics stock, it's absolutely critical to analyze their stock before you invest, so you actually wrap your head around the risk and opportunity.

Dermata Therapeutics shares data

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DRMA Zen Score

WallStreetZen was designed to help average investors do more in-depth fundamental analysis quickly.

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

Is DRMA stock undervalued or overvalued?

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

Using relative valuations measures:

  • DRMA could be undervalued based on its P/B ratio of 0.47x, relative to Biotechnology industry P/B ratio of 5.18x

You can access more valuation analysis on DRMA's stock here.

DRMA Financials at a glance

Positive Health Checks:

  • DRMA has a low debt to equity ratio of 0.15.

Is Dermata Therapeutics stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Equities analysts who track DRMA, the consensus analyst rating on DRMA is a Strong Buy

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

Latest DRMA Analyst Upgrades/Downgrades

Anthony Vendetti, a bottom 5% analyst from Maxim Group maintains DRMA with a strong buy rating and lowers their DRMA price target from $16.00 to $4.00, on Mar 23, 2023.

You can dive deeper into what analysts are projecting on the Dermata Therapeutics stock forecast page.

DRMA Technical Indicators

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Who is buying/selling DRMA?

Over the last year, insiders at DRMA have not bought or sold any shares.

Dig into more about who owns DRMA shares here.

Can I rely on DRMA as an income stream?

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

DRMA Social Trading Data

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Step 5: Make your DRMA buy order

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 mostly 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 ensure you're buying or selling at an exact price, use a limit order.

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Step 6: Keep tabs on your DRMA position

Now that you own some DRMA stock, you'll want to stay up-to-date on your investment.

Make a watchlist to track your DRMA stock.


How to Buy Stock in Dermata Therapeutics

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

  1. Choose where to buy Dermata Therapeutics stock
  2. Sign up for a brokerage account
  3. Deposit funds into your investment account
  4. Analyze Dermata Therapeutics stock
  5. Make your DRMA buy order
  6. Keep tabs on your DRMA position

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If you want to keep tabs on your new investment in Dermata Therapeutics, get started below.

$1.62-0.25 (-13.37%)
Updated May 26, 2023
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$1.62-0.25 (-13.37%)
Updated May 26, 2023
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How much does it cost to buy one Dermata Therapeutics share?

As of May 26, 2023, it costs $1.62 to buy one share of Dermata Therapeutics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.81, you can buy 0.5 shares of DRMA.

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Is now a good time to buy Dermata Therapeutics stock?

According to 1 Wall Street analysts who monitor Dermata Therapeutics, their consensus recommendation is to buy Dermata Therapeutics stock.

What is the best way to buy Dermata Therapeutics stock?

One way to place an order for Dermata Therapeutics 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.