How to Buy Fennec Pharmaceuticals Stock
Fennec Pharmaceuticals Inc
Fennec Pharmaceuticals Inc. operates as a biopharmaceutical company. Its product candidate in the clinical stage of development is PEDMARK, a formulation of sodium thiosulfate for the prevention of platinum-induced ototoxicity in pediatric cancer patients.
Fennec Pharmaceuticals stock last closed at $9.16, up 0.99% from the previous day, and has increased 15.22% in one year. It has overperformed other stocks in the Biotechnology industry by 0.39 percentage points. Fennec Pharmaceuticals stock is currently +45.4% from its 52-week low of $6.30, and -23.15% from its 52-week high of $11.92.
There are currently 27.1M FENC shares outstanding. The market cap of FENC is $248.24M. In the past 24 hours, 119,729 FENC shares were traded.
How to Buy Fennec Pharmaceuticals Stock
Not sure how to invest in Fennec Pharmaceuticals stock? Here's how.
- Decide where to buy Fennec Pharmaceuticals stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Fennec Pharmaceuticals stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your info.
- Analyze Fennec Pharmaceuticals stock: The Fennec Pharmaceuticals ticker symbol is FENC. Is Fennec Pharmaceuticals stock a good investment? Should you buy shares of FENC? How do FENC's underlying business fundamentals look? Do top analysts think Fennec Pharmaceuticals is a good buy? Why has FENC's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if FENC is a good stock to buy).
- Place your FENC purchase: Decide if you will purchase FENC shares at the current market price or use a limit order to buy FENC stock at a specific price.
- Track your investment in FENC: Create a watchlist to the latest updates on your investment in Fennec Pharmaceuticals shares.
Step 1: Decide where to buy Fennec Pharmaceuticals stock
You need a brokerage account to access the NASDAQ market and buy FENC stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to buy FENC stock today.
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Step 3: Deposit funds into your investment account
Now that you have filled out your info on the best stock buying app, you need to deposit funds:
Check out the tutorial below to see the process of depositing money into your investment account.
Step 4: Analyze Fennec Pharmaceuticals stock
Once you have selected the best place to buy Fennec Pharmaceuticals stock, it's crucial to evaluate their stock prior to investing, so you actually understand the risk and upside.
Overview of key FENC info
Fennec Pharmaceuticals Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on FENC's stock page.
Is FENC stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge FENC's intrinsic value.
You can do additional valuation analysis on FENC's stock here.
FENC Financial Health Summary
Pros:
- There are more short-term assets than short-term liabilities on the FENC balance sheet.
Cons:
- FENC debt to equity ratio of -3.31 is negative.
- There are more long-term liabilities than short-term assets on the FENC balance sheet.
- FENC profit margin has gone up by 14.69 percentage points in the past year, but the company is still unprofitable.
- FENC has cash burn of 17143000. It does not have enough cash and short-term investments to cover this.
- Total FENC debt is still negative.
- FENC has $13.27M in cash and short term investments. This is not sufficient to cover its annual cash burn of $17.14M.
Is it a good time to buy FENC stock, according to analysts?
Out of 2 Wall Street analysts who monitor FENC, the consensus analyst rating on FENC is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Fennec Pharmaceuticals stock forecast page.
FENC Trading Indicators
How are FENC Revenues/Earnings doing?
Last year, FENC revenue was $21.25M. Over the last three year, FENC's revenue has gone up by 498.68% per year. This was faster than the Biotechnology industry average of 28.62%.
Dive into FENC's earnings and revenue performance here.
Who is buying/selling FENC?
In the past 12 months, insiders at FENC have sold more shares than they have bought.
Adrian Haigh, CHIEF OPERATING OFFICER of FENC, was the latest FENC insider to sell. They sold $207,029.47 worth of FENC stock on Apr 22, 2024.
Dig into more about who owns FENC stock here.
Can I get consistent income from FENC stock?
No, Fennec Pharmaceuticals doesn't provide an income stream by paying out dividends.
What others are saying about FENC
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Step 5: Place your FENC purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open button and your broker will execute the order.
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Step 6: Track your investment in FENC
Now that you own some FENC stock, you'll want to keep up with your shares.
Put FENC on a watchlist to get notified of important updates regarding your FENC stock.
FENC Feed
How to Buy Stock in Fennec Pharmaceuticals
To summarize, here are the 6 steps you need to take to buy Fennec Pharmaceuticals stock right now:
- Decide where to buy Fennec Pharmaceuticals stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Fennec Pharmaceuticals stock
- Place your FENC purchase
- Track your investment in FENC
If you require a online brokerage, eToro is our favorite option.
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