How to Buy Inhibrx Stock
Inhibrx Inc
Inhibrx, Inc. , a clinical-stage biotechnology company, focuses on developing a pipeline of novel biologic therapeutic candidates.
Inhibrx stock last closed at $34.01, down 0.85% from the previous day, and has increased 38.48% in one year. It has overperformed other stocks in the Biotechnology industry by 0.57 percentage points. Inhibrx stock is currently +137.75% from its 52-week low of $14.31, and -14.53% from its 52-week high of $39.79.
At the moment, there are 47.39M INBX shares outstanding. The market value of INBX is $1.61B. In the past 24 hours, 240,639 INBX shares were traded.
How to Buy Inhibrx Stock
Wondering how to invest in Inhibrx stock? Here's how.
- Figure out where to buy Inhibrx stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Inhibrx stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your payment method and add your details.
- Research Inhibrx stock: The Inhibrx ticker symbol is INBX. Is Inhibrx stock a good investment? Should you buy shares of INBX? How do INBX's underlying business fundamentals look? Do top analysts think Inhibrx is a good buy? Why has INBX's stock price moved recently? (Hint: Our stock market research tools can help you understand if INBX is a good stock to buy).
- Execute your INBX buy order: Decide if you will purchase INBX shares at the current market price or use a limit order to buy INBX shares at a given price.
- Keep an eye on your investment in INBX: Create a watchlist to keep track of your new investment in Inhibrx shares.
Step 1: Figure out where to buy Inhibrx stock
You need a brokerage account to access the NASDAQ market and buy INBX shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal information so you can buy INBX today.
How to Open 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.
- Input your personal data to create a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on the stocks app, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details depositing funds into your investment account.
Step 4: Research Inhibrx stock
After you have chosen the best place to buy Inhibrx stock, it's very important to evaluate their stock prior to buying, so you actually wrap your head around the risk and upside.
Overview of key INBX info
Inhibrx Overview
WallStreetZen was created to help part-time investors do better fundamental analysis quickly.
You can see all of the due diligence checks on INBX's stock page.
What is the fair value of INBX stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge INBX's fair value.
Using relative valuations methods:
- INBX may be overvalued based on its P/B ratio of 37.05x, relative to Biotechnology industry P/B ratio of 5.99x
You can access additional valuation analysis on INBX's stock here.
INBX Financial Health Summary
Passed Financial Due Diligence Checks:
- INBX has cash burn of 197902000. It has sufficient cash and short-term investments to cover this for at least one year.
- Total INBX debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the INBX balance sheet.
- There are more short-term assets than short-term liabilities on the INBX balance sheet.
Failed Financial Due Diligence Checks:
- INBX has a relatively high debt to equity ratio of 6.08.
- INBX has $277.92M in cash and short term investments. This is not enough to cover its annual cash burn of $197.90M.
- INBX profit margin has gone down from -6,625.3% to -13,408.9% in the past year.
Is it a good time to buy INBX stock, according to Wall Street analysts?
Out of 1 Equities analysts who track INBX, the consensus analyst rating on Inhibrx is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Inhibrx stock forecast page.
Metrics for Advanced INBX Traders
Is INBX Growing Revenue?
Last year, INBX revenue was $1.80M. During the last 5 year, INBX's revenue has increased by -26.85% per year. This was slower than the Biotechnology industry average of 29.57%.
Dig into INBX's earnings and revenue performance here.
What are INBX insiders up to?
In the past year, executives and large shareholders at INBX have bought more shares than they have sold.
Viking Global Investors LP, 10% Owner of INBX, was the latest INBX insider to buy. They bought $9,899,982.45 worth of INBX stock on Aug 28, 2023.
Learn more about who owns INBX stock here.
Can I get consistent income from INBX stock?
No, Inhibrx doesn't provide an income stream by paying out dividends.
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Step 5: Execute your INBX buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will execute your order.
If you want more help with investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in INBX
Now that you own some INBX stock, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to track the latest developments regarding your INBX stock.
INBX Feed
How to Buy Stock in Inhibrx
To reiterate, here are the 6 steps to buy stock in Inhibrx:
- Figure out where to buy Inhibrx stock
- Create a brokerage account
- Deposit money your investment account
- Research Inhibrx stock
- Execute your INBX buy order
- Keep an eye on your investment in INBX
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Inhibrx, add INBX to your watchlist by clicking the button below.
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