How to Buy Dermtech Stock
Dermtech Inc
DermTech, Inc. , a molecular diagnostic company, develops and markets novel non-invasive genomics tests to diagnosis skin cancer, inflammatory diseases, and aging-related conditions in the United States.
Dermtech stock last closed at $2.55, up 1.59% from the previous day, and has decreased 62.11% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.57 percentage points. Dermtech stock is currently +64.52% from its 52-week low of $1.55, and -71.44% from its 52-week high of $8.93.
As of Jun 2, 2023, there are 31.09M DMTK shares outstanding. The market cap of DMTK is $79.28M. In the last 24 hours, 181,174 DMTK shares were traded.
How to Buy Dermtech Stock
Wondering how to invest in Dermtech stock? Here's how.
- Choose where to buy Dermtech stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Dermtech stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your payment method and add your information.
- Research Dermtech stock: The Dermtech ticker symbol is DMTK. Is Dermtech stock a good investment? Should you buy shares of DMTK? How do DMTK's underlying business fundamentals look? Do top analysts think Dermtech is a good buy? Why has DMTK's stock price moved recently? (Hint: Our stock research website can help you evaluate if DMTK is a good stock to buy).
- Make your DMTK purchase: Decide if you will purchase DMTK shares at the current market price or use a limit order to buy DMTK shares at a particular price.
- Get updates on your DMTK investment: Create a watchlist to key updates about your position in Dermtech shares.
Step 1: Choose where to buy Dermtech stock
You need an online brokerage account to access the NASDAQ market and buy DMTK shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you can invest in DMTK today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to create a new trading account.
- Submit your data by pressing the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you have finished signing up on the best stock trading app, you can securely and quickly fund your account:
Check out the video below for more details depositing funds into your investment account.
Step 4: Research Dermtech stock
After you have selected the best place to buy Dermtech stock, it's crucial to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the upside.
Dermtech stock data
Dermtech Overview
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on DMTK's stock page.
What is the fair value of DMTK stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge DMTK's fair value.
Using relative valuations measures:
- DMTK may be undervalued based on its P/B ratio of 0.74x, relative to Diagnostics & Research industry P/B ratio of 4.02x
You can access more valuation analysis on DMTK's stock here.
DMTK Financials at a glance
Passed Health Checks:
- Total DMTK debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the DMTK balance sheet.
- DMTK has cash burn of 95881000. 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 DMTK balance sheet.
Failed Health Checks:
- DMTK has a relatively high debt to equity ratio of 0.65.
- DMTK has $108.28M in cash and short term investments. This is not enough to cover its annual cash burn of $95.88M.
- DMTK profit margin has gone down from -716.5% to -825.4% in the past year.
Is DMTK stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who give ratings on DMTK, the consensus analyst rating on Dermtech is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest DMTK Analyst Upgrades/Downgrades
Max Masucci, a bottom 5% analyst from TD Cowen maintains DMTK with a buy rating and lowers their DMTK price target from $8.00 to $6.00, on Mar 29, 2023.
You can dive deeper into what analysts are projecting on the Dermtech stock forecast page.
DMTK Technical Indicators
How is DMTK performing as a company?
Last year, DMTK revenue was $14.28M. In the past 4 year, DMTK's revenue has gone up by 66.31% per year. This was faster than the Diagnostics & Research industry average of 15.15%.
You can research DMTK's earnings and revenue performance here.
Latest Insiders Trades at DMTK
Over the past 12 months, executives and large shareholders at DMTK have sold more shares than they have bought.
John Dobak, Chief Executive Officer of DMTK, was the latest DMTK insider to sell. They sold $5,082.34 worth of DMTK shares on Mar 13, 2023.
Research more about who owns DMTK stock here.
Can I rely on DMTK as an income stream?
No, Dermtech doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your DMTK purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Press the Open button and your broker will place the order.
If you want additional info about buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your DMTK investment
Now that you own some shares in DMTK, you'll want to keep up with your investment.
Create a watchlist to track the latest developments regarding your DMTK stock.
DMTK Feed
How to Buy Stock in Dermtech
To reiterate, here are the 6 steps for buying Dermtech stock:
- Choose where to buy Dermtech stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Dermtech stock
- Make your DMTK purchase
- Get updates on your DMTK investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Dermtech, click the button below.
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