How to Buy Io Biotech Stock
Io Biotech Inc
IO Biotech, Inc. , a clinical-stage biopharmaceutical company, develops immune-modulating cancer therapies based on the T-win technology platform.
Io Biotech stock last closed at $1.48, down 3.27% from the previous day, and has decreased 24.68% in one year. It has underperformed other stocks in the Biotechnology industry by 0.06 percentage points. Io Biotech stock is currently +81.37% from its 52-week low of $0.82, and -35.37% from its 52-week high of $2.29.
As of May 3, 2024, there are 65.88M shares of IOBT outstanding. The market capitalization of IOBT is $97.50M. In the past 24 hours, 38,646 IOBT shares were traded.
How to Buy Io Biotech Stock
Wondering how to invest in Io Biotech stock? Here's how.
- Figure out where to buy Io Biotech stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Io Biotech stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your payment method and add your info.
- Research Io Biotech stock: The Io Biotech ticker symbol is IOBT. Is Io Biotech stock a good investment? Should you buy shares of IOBT? How do IOBT's underlying business fundamentals look? Do top analysts think Io Biotech is a good buy? Why has IOBT's stock price moved recently? (Hint: Our stock research website can help you evaluate if IOBT is a good stock to buy).
- Make your IOBT buy order: Decide if you will purchase IOBT shares at the current market price or use a limit order to purchase IOBT shares at a given price.
- Track your IOBT investment: Create a watchlist to keep tabs on your investment in Io Biotech shares.
Step 1: Figure out where to buy Io Biotech stock
You need an online brokerage account to access the NASDAQ market and buy IOBT shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you can invest in IOBT today.
How to Create 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.
- Enter your personal info to open a new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Watch the video below to see the process of transferring funds into your investment account.
Step 4: Research Io Biotech stock
After you have chosen the best place to buy Io Biotech stock, it's critical to research their stock prior to investing, so you actually comprehend the risk and upside.
Io Biotech shares data
Io Biotech Fundamentals
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on IOBT's stock page.
Is IOBT stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge IOBT's true value.
Using relative valuations ratios:
- IOBT may be undervalued based on its P/B ratio of 0.73x, relative to Biotechnology industry P/B ratio of 6.01x
You can do additional valuation research on IOBT's stock here.
IOBT Financial Overview
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the IOBT balance sheet.
- IOBT has cash burn of 72060000. It has enough cash and short-term investments to cover this for at least one year.
- IOBT has a low debt to equity ratio of 0.13.
- There are more short-term assets than short-term liabilities on the IOBT balance sheet.
Failed Health Checks:
- IOBT has $143.19M in cash and short term investments. This is not enough to cover its annual cash burn of $72.06M.
Do analysts think it's a good time to buy Io Biotech stock
Out of 1 Wall Street analysts who give recommendations on IOBT, the consensus analyst rating on Io Biotech is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Io Biotech stock forecast page.
IOBT Momentum
Latest Insiders Trades at IOBT
In the past year, executives and large shareholders at IOBT have bought more shares than they have sold.
Holdings A. Novo, 10% Owner of IOBT, was the latest IOBT insider to sell. They sold $988,213.50 worth of IOBT shares on Feb 9, 2024.
Learn more about who owns IOBT stock here.
Does IOBT stock generate passive income?
No, Io Biotech doesn't provide an income stream by paying out dividends.
IOBT Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your IOBT buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order 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 particular dollar amount limit, use a limit order.
Hit the Open button and your broker will place your order.
If you need more help investing in stocks on eToro, click the helpful video below:
Step 6: Track your IOBT investment
Now that you own some shares in IOBT, you'll want to keep up with your shares.
Put IOBT on a watchlist to track your IOBT stock.
IOBT Feed
How to Buy Stock in Io Biotech
To summarize, here are the 6 steps to buy stock in Io Biotech:
- Figure out where to buy Io Biotech stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Io Biotech stock
- Make your IOBT buy order
- Track your IOBT investment
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Io Biotech, add IOBT to your watchlist by clicking the button below.
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