InMed Pharmaceuticals Inc. , a clinical stage pharmaceutical company, researches and develops cannabinoid-based therapies.
Inmed Pharmaceuticals stock last closed at $3.16, up 1.94% from the previous day, and has decreased 54.71% in one year. It has underperformed other stocks in the Biotechnology industry by 0.22 percentage points. Inmed Pharmaceuticals stock is currently +30.9% from its 52-week low of $2.41, and -79.87% from its 52-week high of $15.70.
At the moment, there are 1.21M shares of INM outstanding. The market cap of INM is $3.81M. In the last 24 hours, 35,222 INM shares were traded.
How to Buy Inmed Pharmaceuticals Stock
Not sure how to invest in Inmed Pharmaceuticals stock? Here's how.
Figure out where to buy Inmed Pharmaceuticals stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Inmed Pharmaceuticals stock.
Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
Fund your brokerage account: Pick your method of payment and add your details.
Evaluate Inmed Pharmaceuticals stock: The Inmed Pharmaceuticals ticker symbol is INM. Is Inmed Pharmaceuticals stock a good investment? Should you buy shares of INM? How do INM's underlying business fundamentals look? Do top analysts think Inmed Pharmaceuticals is a good buy? Why has INM's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if INM is a good stock to buy).
Execute your INM purchase: Decide if you will purchase INM shares at the current market price or use a limit order to purchase INM stock at a specific price.
Keep tabs on your INM investment: Create a watchlist to the latest updates on your investment in Inmed Pharmaceuticals shares.
Step 1: Figure out where to buy Inmed Pharmaceuticals stock
You will need a brokerage account to access the NASDAQ market and buy INM shares.
A brokerage account is an investment account that enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Open your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal details so you are able to buy INM today.
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Step 4: Evaluate Inmed Pharmaceuticals stock
Once you have figured out the best place to buy Inmed Pharmaceuticals stock, it's important to research their stock prior to buying, so you can comprehend the risk and upside.
Inmed Pharmaceuticals shares data
INM Price
$3.16
1w %
-0.32%
1y %
-54.71%
5y %
N/A
P/E
-0.23x
P/B
0.62x
P/S
0.46x
PEG
N/A
Revenue
$4.83M
Earnings
-$7.91M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$3.81M
Next Earnings
N/A
Next Dividend
N/A
INM Due Diligence Score
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can view all of the due diligence checks on INM's stock page.
Is INM stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge INM's intrinsic value.
Using relative valuations metrics:
INM may be undervalued based on its P/B ratio of 0.62x, relative to Biotechnology industry P/B ratio of 4.77x
You can access additional valuation research on INM's stock here.
INM Financials at a glance
Passed Financial Due Diligence Checks:
There are more short-term assets than short-term liabilities on the INM balance sheet.
INM has $3.46M in cash and short term investments. This is enough to cover its annual cash burn of $7.29M.
INM has a low debt to equity ratio of 0.38.
There are more short-term assets than long-term liabilities on the INM balance sheet.
Failed Financial Due Diligence Checks:
INM profit margin has gone down from -115.8% to -163.8% in the past year.
INM has cash burn of 7292436. It does not have sufficient cash and short-term investments to cover this.
INM Technical Indicators
SMA10
3.13
SMA20
3.57
SMA50
4.28
SMA100
4.54
SMA200
4.91
MACD
-0.36
MACD Signal
-0.37
MACD Histogram
0.01
RSI
36.24
Stochastic %K
21.59
Stochastic %D
18.82
StochRSI %K
48.88
StochRSI %D
33.24
INM Performance Metrics
Last year, INM revenue was $4.83M. Over the past three year, INM's revenue has grown by 258.27% per year. This was faster than the Biotechnology industry average of 59.48%.
No, Inmed Pharmaceuticals doesn't provide an income stream by paying out dividends.
INM Social Trading Data
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Step 5: Execute your INM purchase
You have two main 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 allows you to buy or sell a stock at a specific price (or better). If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
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How much does it cost to buy one Inmed Pharmaceuticals share?
As of Feb 14, 2025, it costs $3.16 to buy one share of Inmed Pharmaceuticals stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.316 shares of INM.
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.