WallStreetZenWallStreetZen

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 $4.34, down 0.46% from the previous day, and has decreased 35.61% in one year. It has underperformed other stocks in the Biotechnology industry by 0.4 percentage points. Fennec Pharmaceuticals stock is currently +6.11% from its 52-week low of $4.09, and -63.59% from its 52-week high of $11.92.

As of Nov 1, 2024, there are 27.36M shares of FENC outstanding. The market value of FENC is $118.76M. In the last 24 hours, 54,307 FENC shares were traded.

How to Buy Fennec Pharmaceuticals Stock

Not sure how to invest in Fennec Pharmaceuticals stock? Here's how.
  1. Decide where to buy Fennec Pharmaceuticals stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Fennec Pharmaceuticals stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Choose your method of payment and add your details.
  4. 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 website can help you understand if FENC is a good stock to buy).
  5. Place your FENC purchase: Decide if you will purchase FENC shares at the current market price or use a limit order to buy FENC shares at a specific price.
  6. Track your investment in FENC: Create a watchlist to keep track of your position in Fennec Pharmaceuticals shares.

Step 1: Decide where to buy Fennec Pharmaceuticals stock

You will need a brokerage account to access the NASDAQ market and buy FENC stock.

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

Our favorite brokerage: eToro

Based on our experience, eToro is the best stock brokerage. eToro gives you:

  • Invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
  • Access to global financial markets: From Tech to Utilities, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by opening an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Sign up for your brokerage account

Now that you've selected the best brokerage, you need to fill out some personal info so you are able to invest in FENC today.

How to Start a New Account on eToro

  1. 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.
  2. Input your personal details to start a new brokerage account.
  1. Submit your info by hitting the "Create Account" button.
  2. 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.

Step 3: Deposit funds into your investment account

Now that you have finished signing up on the greatest app to buy stocks, you need to deposit funds:

Watch the walkthrough below to see the process of depositing money into your investment account.

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.

Step 4: Analyze Fennec Pharmaceuticals stock

After you have chosen the best place to buy Fennec Pharmaceuticals stock, it's critical to analyze their stock prior to buying, so you can comprehend the risk and upside.

Overview of key FENC info

FENC Price
$4.34
1w %
2.36%
1y %
-35.61%
5y %
-19.5%
P/E
43.4x
P/B
-87.52x
P/S
2.42x
PEG
0.38x
Revenue
$48.89M
Earnings
$3.64M
Fore. Rev. Growth
16.86%
Fore. Earn. Growth
114.18%
Market Cap
$118.76M
Next Earnings
Nov 4, 2024
Next Dividend
N/A

Fennec Pharmaceuticals Fundamentals

WallStreetZen was created to help part-time investors do better fundamental analysis.

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

How is FENC stock valued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge FENC's fair value.

Using relative valuations ratios:

  • FENC may be undervalued based on its P/E ratio of 43.4x, relative to Biotechnology industry P/E ratio of -103.77x
  • FENC could be undervalued based on its PEG ratio of 0.38x

You can access additional valuation analysis on FENC's stock here.

FENC Financial Health

Pros:

  • There are more short-term assets than long-term liabilities on the FENC balance sheet.
  • FENC profit margin has gone up from -392.5% to 7.4% in the past year.
  • FENC's operating cash flow of $23.04M allows it to safely service it's debt of $29.77M.
  • There are more short-term assets than short-term liabilities on the FENC balance sheet.

Cons:

  • Total FENC debt is still negative.
  • FENC earnings of $7.49M is not enough to cover its interest payments.
  • FENC debt to equity ratio of -47.55 is negative.

Is it a good time to buy Fennec Pharmaceuticals stock, according to analysts?

Out of 2 Wall Street analysts who track FENC, the consensus analyst rating on FENC is a Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Fennec Pharmaceuticals stock forecast page.

FENC Momentum

SMA10
4.52
SMA20
4.51
SMA50
4.95
SMA100
5.57
SMA200
7.45
MACD
-0.13
MACD Signal
-0.15
MACD Histogram
0.02
RSI
41.72
Stochastic %K
23.68
Stochastic %D
44.77
StochRSI %K
43.7
StochRSI %D
64.3

FENC Revenue

Last year, FENC revenue was $48.89M. Over the last 3 year, FENC's revenue has increased by 659.3% per year. This was faster than the Biotechnology industry average of 63.28%.

Dig into FENC's earnings and revenue performance here.

Are FENC executives and large shareholders buying or selling the stock?

In the past 12 months, executives and large shareholders at FENC have sold more shares than they have bought.

Chris A. Rallis, Director of FENC, was the latest FENC insider to sell. They sold $6,369.18 worth of FENC shares on Oct 8, 2024.

Learn more about who owns FENC shares here.

Does FENC provide a stable income stream?

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

FENC Social Trading Data

One of the biggest 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: Place your FENC purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price limit, place a limit order.

Click the Open Trade button and eToro will execute your order.

If you want more help with buying stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Track your investment in FENC

Now that you own some FENC stock, you'll want to keep up with your shares.

Start a watchlist to keep tabs on your FENC stock.

FENC Feed

How to Buy Stock in Fennec Pharmaceuticals

To summarize, here are the 6 steps to buy Fennec Pharmaceuticals stock:

  1. Decide where to buy Fennec Pharmaceuticals stock
  2. Sign up for your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Fennec Pharmaceuticals stock
  5. Place your FENC purchase
  6. Track your investment in FENC

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

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 would like to track your investment in Fennec Pharmaceuticals, create your watchlist below.

NASDAQ: FENC
$4.34-0.02 (-0.46%)
Updated Nov 1, 2024
Open eToro Account
NASDAQ: FENC
$4.34-0.02 (-0.46%)
Updated Nov 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Fennec Pharmaceuticals share?

As of Nov 1, 2024, it costs $4.34 to buy one share of Fennec Pharmaceuticals 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 0.461 shares of FENC.

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 Fennec Pharmaceuticals stock?

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

What is the best way to buy Fennec Pharmaceuticals stock?

One way to place an order for Fennec Pharmaceuticals 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.