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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 $0.71, up 9.08% from the previous day, and has decreased 78.84% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.82 percentage points. Dermtech stock is currently +13.8% from its 52-week low of $0.62, and -84.82% from its 52-week high of $4.67.

As of Mar 27, 2024, there are 34.62M DMTK shares outstanding. The market cap of DMTK is $24.55M. In the last 24 hours, 432,113 DMTK shares were traded.

How to Buy Dermtech Stock

Wondering how to invest in Dermtech stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

DMTK Price
$0.71
1w %
2.6%
1y %
-78.84%
5y %
-96.36%
P/E
-0.23x
P/B
0.43x
P/S
1.51x
PEG
N/A
Revenue
$15.30M
Earnings
-$100.89M
Fore. Rev. Growth
28.46%
Fore. Earn. Growth
N/A
Market Cap
$24.55M
Next Earnings
May 2, 2024
Next Dividend
N/A

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 0.43x, relative to Diagnostics & Research industry P/B ratio of 4.36x

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.
  • There are more short-term assets than short-term liabilities on the DMTK balance sheet.

Failed Health Checks:

  • DMTK has cash burn of 77881000. It does not have enough cash and short-term investments to cover this.
  • DMTK has a relatively high debt to equity ratio of 1.13.
  • DMTK has $59.33M in cash and short term investments. This is not enough to cover its annual cash burn of $77.88M.
  • DMTK profit margin has gone up by 1.44 percentage points in the past year, but the company is still unprofitable.

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

Out of 2 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.

You can dig deeper into what analysts are saying on the Dermtech stock forecast page.

DMTK Momentum

SMA10
0.68
SMA20
0.74
SMA50
1.06
SMA100
1.29
SMA200
1.78
MACD
-0.13
MACD Signal
-0.14
MACD Histogram
0.02
RSI
36.2
Stochastic %K
34.4
Stochastic %D
23
StochRSI %K
78.74
StochRSI %D
78.96

Is DMTK Growing Revenue?

Last year, DMTK revenue was $15.30M. In the past 5 year, DMTK's revenue has gone up by 44.33% per year. This was faster than the Diagnostics & Research industry average of 10.96%.

Dive into DMTK's earnings and revenue performance here.

Who is buying/selling DMTK?

Over the last year, insiders at DMTK have sold more shares than they have bought.

Kevin M. Sun, Chief Financial Officer of DMTK, was the latest DMTK insider to sell. They sold $311.50 worth of DMTK stock on Mar 10, 2024.

Dig into more about who owns DMTK stock here.

Does DMTK provide a stable income stream?

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

What do other traders have to say about DMTK?

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Make your DMTK purchase

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.

Hit the Open button and eToro will place your order.

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Step 6: Get updates on your DMTK investment

Now that you own some DMTK stock, you'll want to stay up-to-date on your new company.

Put DMTK on 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:

  1. Choose where to buy Dermtech stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Dermtech stock
  5. Make your DMTK purchase
  6. Get updates on your DMTK investment

If you need a brokerage, eToro is our favorite option.

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.

If you want to watch your new investment in Dermtech, hit the button below to create your watchlist.

NASDAQ: DMTK
$0.71+0.06 (+9.08%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: DMTK
$0.71+0.06 (+9.08%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Dermtech share?

As of Mar 27, 2024, it costs $0.71 to buy one share of Dermtech stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.35, you can buy 0.5 shares of DMTK.

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 Dermtech stock?

According to 2 Wall Street analysts who monitor Dermtech, their consensus recommendation is to buy Dermtech stock.

What is the best way to buy Dermtech stock?

One way to place an order for Dermtech 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.