How to Buy Inozyme Pharma Stock
Inozyme Pharma Inc
Inozyme Pharma, Inc. , a rare disease biopharmaceutical company, engages in developing therapeutics for treating abnormal mineralization impacting the vasculature, soft tissue, and skeleton diseases.
Inozyme Pharma stock last closed at $4.61, up 4.54% from the previous day, and has decreased 20.65% in one year. It has overperformed other stocks in the Biotechnology industry by 0 percentage points. Inozyme Pharma stock is currently +71.44% from its 52-week low of $2.69, and -40.86% from its 52-week high of $7.80.
As of May 1, 2024, there are 61.77M shares of INZY outstanding. The market capitalization of INZY is $284.77M. In the past 24 hours, 510,700 INZY shares were traded.
How to Buy Inozyme Pharma Stock
Wondering how to invest in Inozyme Pharma stock? Here's how.
- Choose where to buy Inozyme Pharma stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Inozyme Pharma stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Pick your payment method and add your info.
- Research Inozyme Pharma stock: The Inozyme Pharma ticker symbol is INZY. Is Inozyme Pharma stock a good investment? Should you buy shares of INZY? How do INZY's underlying business fundamentals look? Do top analysts think Inozyme Pharma is a good buy? Why has INZY's stock price moved recently? (Hint: Our stock market research website can help you evaluate if INZY is a good stock to buy).
- Execute your INZY trade: Decide if you will purchase INZY shares at the current market price or use a limit order to buy INZY shares at a particular price.
- Keep an eye on your INZY position: Create a watchlist to keep tabs on your position in Inozyme Pharma shares.
Step 1: Choose where to buy Inozyme Pharma stock
You will need a brokerage account in order to access the NASDAQ market and buy INZY shares.
Our preferred brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you are able to buy INZY stock today.
How to Set Up a New Brokerage 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 details to open your new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on investing apps, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details depositing money into your brokerage account.
Step 4: Research Inozyme Pharma stock
After you have selected the best place to buy Inozyme Pharma stock, it's important to research their stock before you invest, so you actually wrap your head around the risk as well as the upside.
Inozyme Pharma Numbers
INZY Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on INZY's stock page.
How is INZY stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge INZY's intrinsic value.
Using relative valuations measures:
- INZY may be undervalued based on its P/B ratio of 2.03x, relative to Biotechnology industry P/B ratio of 6.02x
You can do more valuation analysis on INZY's stock here.
INZY Financial Health Overview
Pros:
- INZY has cash burn of 70973000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the INZY balance sheet.
- There are more short-term assets than short-term liabilities on the INZY balance sheet.
- Total INZY debt is lower than 5 years ago, relative to shareholder equity.
- INZY has $188.90M in cash and short term investments. This is sufficient to cover its annual cash burn of $70.97M.
Cons:
- INZY has a relatively high debt to equity ratio of 0.43.
Do Wall Street analysts think it's a good time to buy Inozyme Pharma stock
Out of 4 Equities analysts who monitor INZY, the consensus analyst rating on INZY is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Inozyme Pharma stock forecast page.
INZY Technicals
Are INZY insiders buying or selling the stock?
Over the past 12 months, insiders at INZY have bought more shares than they have sold.
Douglas A. Treco, CEO of INZY, was the latest INZY insider to sell. They sold $52,209.62 worth of INZY shares on Apr 2, 2024.
Research more about who owns INZY shares here.
Can I rely on INZY as an income stream?
No, Inozyme Pharma doesn't provide an income stream by paying out dividends.
INZY Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your INZY trade
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 mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your INZY position
Now that you own some INZY stock, you'll want to keep up with your shares.
Create a watchlist to track the most important metrics related to your INZY stock.
INZY Feed
How to Buy Stock in Inozyme Pharma
To reiterate, here are the 6 steps you need to take to buy Inozyme Pharma stock right now:
- Choose where to buy Inozyme Pharma stock
- Create your brokerage account
- Deposit money your brokerage account
- Research Inozyme Pharma stock
- Execute your INZY trade
- Keep an eye on your INZY position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your new investment in Inozyme Pharma, create a watchlist on WallStreetZen today.
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