How to Buy Ikena Oncology Stock
Ikena Oncology Inc
Ikena Oncology, Inc. , a targeted oncology company, focuses on developing medicines tailored to biomarker-defined patient groups for specific unmet needs.
Ikena Oncology stock last closed at $1.32, up 0% from the previous day, and has decreased 77.32% in one year. It has underperformed other stocks in the Biotechnology industry by 0.59 percentage points. Ikena Oncology stock is currently +29.41% from its 52-week low of $1.02, and -82.72% from its 52-week high of $7.64.
As of May 3, 2024, there are 48.26M shares of IKNA outstanding. The market value of IKNA is $63.70M. In the last 24 hours, 369,054 IKNA shares were traded.
How to Buy Ikena Oncology Stock
Not sure how to invest in Ikena Oncology stock? Here's how.
- Choose where to buy Ikena Oncology stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Ikena Oncology stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your payment method and add your info.
- Research Ikena Oncology stock: The Ikena Oncology ticker symbol is IKNA. Is Ikena Oncology stock a good investment? Should you buy shares of IKNA? How do IKNA's underlying business fundamentals look? Do top analysts think Ikena Oncology is a good buy? Why has IKNA's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if IKNA is a good stock to buy).
- Place your IKNA buy order: Decide if you will purchase IKNA shares at the current market price or use a limit order to purchase IKNA stock at a given price.
- Keep an eye on your investment in IKNA: Create a watchlist to track your investment in Ikena Oncology shares.
Step 1: Choose where to buy Ikena Oncology stock
You will need an online brokerage account to access the NASDAQ market and buy IKNA shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you are able to buy IKNA 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 info to open a new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on one of the best stock apps, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help depositing funds into your new brokerage account.
Step 4: Research Ikena Oncology stock
Once you have decided on the best place to buy Ikena Oncology stock, it's absolutely critical to research their stock before you buy, so you can understand the risk as well as the upside.
Ikena Oncology Metrics
IKNA Fundamentals
WallStreetZen was created to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on IKNA's stock page.
Is IKNA stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge IKNA's intrinsic value.
Using relative valuations ratios:
- IKNA may be undervalued based on its P/B ratio of 0.38x, relative to Biotechnology industry P/B ratio of 6.01x
You can access more valuation analysis on IKNA's stock here.
IKNA Financial Health
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the IKNA balance sheet.
- IKNA has cash burn of 80157000. It has sufficient cash and short-term investments to cover this for at least one year.
- IKNA has a low debt to equity ratio of 0.13.
- IKNA has $175.47M in cash and short term investments. This is sufficient to cover its annual cash burn of $80.16M.
- There are more short-term assets than short-term liabilities on the IKNA balance sheet.
Negative Financial Indicators:
- IKNA profit margin has gone down from -440.3% to -744.2% in the past year.
Is Ikena Oncology stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who track IKNA, the consensus analyst rating on Ikena Oncology is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Ikena Oncology stock forecast page.
IKNA Technicals
IKNA Earnings
Last year, IKNA revenue was $9.16M. During the last 4 year, IKNA's revenue has increased by -9.66% per year. This was slower than the Biotechnology industry average of 29.63%.
Dig into IKNA's earnings and revenue performance here.
Who is buying/selling IKNA?
In the past 12 months, insiders at IKNA have not bought or sold any shares.
Dig into more about who owns IKNA shares here.
Can I rely on IKNA as an income stream?
No, Ikena Oncology doesn't provide an income stream by paying out dividends.
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Step 5: Place your IKNA buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - 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 a specific dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you need more assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in IKNA
Now that you own some IKNA shares, you'll want to stay up-to-date on your new investment.
Put IKNA on a watchlist to track the most important metrics related to your IKNA stock.
IKNA Feed
How to Buy Stock in Ikena Oncology
To summarize, here are the 6 steps to buy stock in Ikena Oncology:
- Choose where to buy Ikena Oncology stock
- Create a brokerage account
- Fund your brokerage account
- Research Ikena Oncology stock
- Place your IKNA buy order
- Keep an eye on your investment in IKNA
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Ikena Oncology, click below.
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