How to Buy Durect Stock
Durect Corp
DURECT Corporation, a biopharmaceutical company, researches and develops medicines based on its epigenetic regulator and pharmaceutical programs.
Durect stock last closed at $0.92, up 3.74% from the previous day, and has decreased 78.4% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.7 percentage points. Durect stock is currently +94.89% from its 52-week low of $0.47, and -87.72% from its 52-week high of $7.46.
As of Apr 25, 2024, there are 31.04M DRRX shares outstanding. The market value of DRRX is $28.43M. In the past 24 hours, 33,643 DRRX shares were traded.
How to Buy Durect Stock
Wondering how to invest in Durect stock? Here's how.
- Choose where to buy Durect 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 choose where to buy Durect stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Analyze Durect stock: The Durect ticker symbol is DRRX. Is Durect stock a good investment? Should you buy shares of DRRX? How do DRRX's underlying business fundamentals look? Do top analysts think Durect is a good buy? Why has DRRX's stock price moved recently? (Hint: Our stock market research website can help you figure out if DRRX is a good stock to buy).
- Place your DRRX trade: Decide if you will purchase DRRX shares at the current market price or use a limit order to buy DRRX shares at a specific price.
- Get the latest scoop on your investment in DRRX: Create a watchlist to important updates regarding your new investment in Durect shares.
Step 1: Choose where to buy Durect stock
You will need a brokerage account in order to access the NASDAQ market and buy DRRX stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Industrials, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to invest in DRRX stock today.
How to Set Up a New 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.
- Provide your personal details to start a new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your new investment account.
Step 4: Analyze Durect stock
After you have decided on the best place to buy Durect stock, it's crucial to evaluate their stock prior to buying, so you actually understand the risk as well as the opportunity.
Durect shares at a glance
DRRX Due Diligence Checks
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on DRRX's stock page.
Is DRRX stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge DRRX's fair value.
Using relative valuations ratios:
- DRRX may be undervalued based on its P/B ratio of 1.92x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.07x
You can do additional valuation research on DRRX's stock here.
A quick look at DRRX Financials
Signs that DRRX is financially healthy:
- There are more short-term assets than short-term liabilities on the DRRX balance sheet.
- DRRX has $29.68M in cash and short term investments. This is sufficient to cover its annual cash burn of $34.38M.
- There are more short-term assets than long-term liabilities on the DRRX balance sheet.
Signs that DRRX is not financially healthy:
- DRRX has a relatively high debt to equity ratio of 2.06.
- DRRX profit margin has gone down from -183.2% to -323.2% in the past year.
- DRRX has cash burn of 34382000. It does not have enough cash and short-term investments to cover this.
- Total DRRX debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Durect stock
Out of 1 Equities analysts who give ratings on DRRX, the consensus analyst rating on Durect is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Durect stock forecast page.
Metrics for Advanced DRRX Traders
DRRX Performance Numbers
Last year, DRRX revenue was $8.55M. During the past five year, DRRX's revenue has gone up by -10.96% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 30.67%.
Dig into DRRX's earnings and revenue performance here.
Who is buying/selling DRRX?
In the past year, executives and large shareholders at DRRX have not bought or sold any shares.
Learn more about who owns DRRX stock here.
Can I rely on DRRX as an income stream?
No, Durect doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your DRRX trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows 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 limit, place a limit order.
Click the Open Trade button and eToro will place the order.
If you require more info about buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in DRRX
Now that you own some shares in DRRX, you'll want to keep up with your new investment.
Start a watchlist to monitor your DRRX stock.
DRRX Feed
How to Buy Stock in Durect
To reiterate, here are the 6 steps you need to take to buy Durect stock right now:
- Choose where to buy Durect stock
- Open a brokerage account
- Put funds into your brokerage account
- Analyze Durect stock
- Place your DRRX trade
- Get the latest scoop on your investment in DRRX
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Durect, create your watchlist below.
Other Stock Buying Guides You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.