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How to Buy Edesa Biotech Stock

Edesa Biotech Inc

Edesa Biotech, Inc. , a biopharmaceutical company, engages in acquiring, developing, and commercializing clinical-stage drugs for inflammatory and immune-related diseases with clear unmet medical needs.

Edesa Biotech stock last closed at $4.45, up 8.01% from the previous day, and has decreased 38.58% in one year. It has underperformed other stocks in the Biotechnology industry by 0.33 percentage points. Edesa Biotech stock is currently +80.89% from its 52-week low of $2.46, and -48.32% from its 52-week high of $8.61.

There are currently 3.17M EDSA shares outstanding. The market cap of EDSA is $14.11M. In the last 24 hours, 12,386 EDSA shares were traded.

How to Buy Edesa Biotech Stock

Not sure how to invest in Edesa Biotech stock? Here's how.
  1. Choose where to buy Edesa Biotech stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Edesa Biotech stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your information.
  4. Research Edesa Biotech stock: The Edesa Biotech ticker symbol is EDSA. Is Edesa Biotech stock a good investment? Should you buy shares of EDSA? How do EDSA's underlying business fundamentals look? Do top analysts think Edesa Biotech is a good buy? Why has EDSA's stock price moved recently? (Hint: Our stock research website can help you decide if EDSA is a good stock to buy).
  5. Execute your EDSA trade: Decide if you will purchase EDSA shares at the current market price or use a limit order to buy EDSA stock at a specific price.
  6. Get the latest scoop on your EDSA position: Create a watchlist to monitor your position in Edesa Biotech shares.

Step 1: Choose where to buy Edesa Biotech stock

You need an online brokerage account to access the NASDAQ market and buy EDSA stock.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected your brokerage, it's time to fill out some personal details so you are able to invest in EDSA stock today.

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  1. Send your data by pressing the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've opened your account on the best free stock trading app, you can securely and quickly fund your account:

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Step 4: Research Edesa Biotech stock

Once you have chosen the best place to buy Edesa Biotech stock, it's important to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.

Overview of key EDSA info

EDSA Price
$4.45
1w %
3.01%
1y %
-38.58%
5y %
-90.28%
P/E
-1.69x
P/B
2.41x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$7.72M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$14.11M
Next Earnings
May 9, 2024
Next Dividend
N/A

Fundamentals of EDSA

WallStreetZen was created to help everyday investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on EDSA's stock page.

How is EDSA stock valued?

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

Using relative valuations ratios:

  • EDSA could be undervalued based on its P/B ratio of 2.41x, relative to Biotechnology industry P/B ratio of 6.2x

You can access additional valuation research on EDSA's stock here.

EDSA Financial Health Summary

Signs that EDSA is financially healthy:

  • There are more short-term assets than long-term liabilities on the EDSA balance sheet.
  • EDSA has $4.27M in cash and short term investments. This is sufficient to cover its annual cash burn of $6.25M.
  • There are more short-term assets than short-term liabilities on the EDSA balance sheet.
  • EDSA has a low debt to equity ratio of 0.34.

Signs that EDSA is not financially healthy:

  • EDSA has cash burn of 6251916. It does not have enough cash and short-term investments to cover this.
  • Total EDSA debt is higher than 5 years ago, relative to shareholder equity.

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

Out of 1 sell side analysts who track EDSA, the consensus analyst rating on Edesa Biotech is a Buy

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

You can dive deeper into what analysts are saying on the Edesa Biotech stock forecast page.

EDSA Trading Indicators

SMA10
4.26
SMA20
4.38
SMA50
4.66
SMA100
4.32
SMA200
4.86
MACD
-0.14
MACD Signal
-0.15
MACD Histogram
0
RSI
49.55
Stochastic %K
37.87
Stochastic %D
34.78
StochRSI %K
66.59
StochRSI %D
59.72

Is EDSA Making Money?

Last year, EDSA revenue was $0.00. In the last four year, EDSA's revenue has increased by -100% per year. This was slower than the Biotechnology industry average of 29.77%.

Dig into EDSA's earnings and revenue performance here.

Latest Insiders Trades at EDSA

Over the last year, executives and large shareholders at EDSA have bought more shares than they have sold.

Pardeep Nijhawan, Chief Executive Officer of EDSA, was the latest EDSA insider to buy. They bought $20,000.00 worth of EDSA stock on Mar 25, 2024.

Dig into more about who owns EDSA stock here.

Can I get consistent income from EDSA stock?

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

What others are saying about EDSA

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Step 5: Execute your EDSA trade

You have 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 generally fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact price limit, use a limit order.

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Step 6: Get the latest scoop on your EDSA position

Now that you own some EDSA shares, you'll want to stay up-to-date on your new shares.

Make a watchlist to track your EDSA stock.

EDSA Feed

How to Buy Stock in Edesa Biotech

To reiterate, here are the 6 steps you need to take to buy Edesa Biotech stock right now:

  1. Choose where to buy Edesa Biotech stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Research Edesa Biotech stock
  5. Execute your EDSA trade
  6. Get the latest scoop on your EDSA position

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If you want to keep track of your investment in Edesa Biotech, create a watchlist today.

NASDAQ: EDSA
$4.45+0.33 (+8.01%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: EDSA
$4.45+0.33 (+8.01%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Edesa Biotech share?

As of Mar 27, 2024, it costs $4.45 to buy one share of Edesa Biotech stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.449 shares of EDSA.

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 Edesa Biotech stock?

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

What is the best way to buy Edesa Biotech stock?

One way to place an order for Edesa Biotech 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.