How to Buy Foghorn Therapeutics Stock
Foghorn Therapeutics Inc
Foghorn Therapeutics Inc. , a clinical-stage biopharmaceutical company, discovers and develops medicines targeting genetically determined dependencies within the chromatin regulatory system.
Foghorn Therapeutics stock last closed at $5.49, up 4.97% from the previous day, and has decreased 17.44% in one year. It has overperformed other stocks in the Biotechnology industry by 0.05 percentage points. Foghorn Therapeutics stock is currently +103.33% from its 52-week low of $2.70, and -44.93% from its 52-week high of $9.97.
As of Apr 26, 2024, there are 42.57M FHTX shares outstanding. The market cap of FHTX is $233.69M. In the last 24 hours, 35,367 FHTX shares were traded.
How to Buy Foghorn Therapeutics Stock
Wondering how to invest in Foghorn Therapeutics stock? Here's how.
- Decide where to buy Foghorn Therapeutics stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Foghorn Therapeutics stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your details.
- Evaluate Foghorn Therapeutics stock: The Foghorn Therapeutics ticker symbol is FHTX. Is Foghorn Therapeutics stock a good investment? Should you buy shares of FHTX? How do FHTX's underlying business fundamentals look? Do top analysts think Foghorn Therapeutics is a good buy? Why has FHTX's stock price moved recently? (Hint: Our stock research tools can help you understand if FHTX is a good stock to buy).
- Execute your FHTX purchase: Decide if you will purchase FHTX shares at the current market price or use a limit order to buy FHTX stock at a specific price.
- Track your FHTX investment: Create a watchlist to track your investment in Foghorn Therapeutics shares.
Step 1: Decide where to buy Foghorn Therapeutics stock
You need an online brokerage account in order to access the NASDAQ market and buy FHTX shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can invest in FHTX today.
How to Open a New Investment 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 info to start a new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Foghorn Therapeutics stock
Once you have chosen the best place to buy Foghorn Therapeutics stock, it's absolutely critical to analyze their stock before you buy, so you truly understand the risk and upside.
Foghorn Therapeutics stock at a glance
Foghorn Therapeutics Overview
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on FHTX's stock page.
How is FHTX stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge FHTX's intrinsic value.
You can access additional valuation research on FHTX's stock here.
FHTX Financial Health
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the FHTX balance sheet.
- FHTX has cash burn of 119330000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- FHTX debt to equity ratio of -4.7 is negative.
- Total FHTX debt is still negative.
- There are more long-term liabilities than short-term assets on the FHTX balance sheet.
- FHTX has $235.77M in cash and short term investments. This is not sufficient to cover its annual cash burn of $119.33M.
- FHTX profit margin has gone up by 2.78 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy FHTX stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who research FHTX, the consensus analyst rating on Foghorn Therapeutics is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Foghorn Therapeutics stock forecast page.
FHTX Momentum
FHTX Performance Numbers
Last year, FHTX revenue was $34.16M. In the last 3 year, FHTX's revenue has grown by 428.05% per year. This was faster than the Biotechnology industry average of 28.56%.
Dive into FHTX's earnings and revenue performance here.
Who is buying/selling FHTX?
Over the last 12 months, executives and large shareholders at FHTX have sold more shares than they have bought.
Fanny Cavalie, Chief StrategyBus Ops Officer of FHTX, was the latest FHTX insider to sell. They sold $72,138.00 worth of FHTX stock on Mar 11, 2024.
Get more info about who owns FHTX shares here.
Does FHTX provide a stable income stream?
No, Foghorn Therapeutics doesn't provide an income stream by paying out dividends.
Get opinions from other traders
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Step 5: Execute your FHTX 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 fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, use a limit order.
Press the Open Trade button and eToro will place the order.
If you want additional help buying stocks on eToro, watch the helpful video below:
Step 6: Track your FHTX investment
Now that you own some FHTX stock, you'll want to keep up with your investment.
Make a watchlist to monitor your FHTX stock.
FHTX Feed
How to Buy Stock in Foghorn Therapeutics
To summarize, here are the 6 steps you need to take to buy Foghorn Therapeutics stock right now:
- Decide where to buy Foghorn Therapeutics stock
- Open your brokerage account
- Put funds into your investment account
- Evaluate Foghorn Therapeutics stock
- Execute your FHTX purchase
- Track your FHTX investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Foghorn Therapeutics, create your watchlist below.
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