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How to Buy Journey Medical Stock

Journey Medical Corp

Journey Medical Corporation focuses on the development and commercialization of pharmaceutical products for the treatment of dermatological conditions in the United States.

Journey Medical stock last closed at $5.68, up 3.09% from the previous day, and has increased 140.68% in one year. It has overperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 1.41 percentage points. Journey Medical stock is currently +255% from its 52-week low of $1.60, and -29.96% from its 52-week high of $8.11.

There are currently 20.01M shares of DERM outstanding. The market capitalization of DERM is $113.67M. In the past 24 hours, 51,927 DERM shares were traded.

How to Buy Journey Medical Stock

Wondering how to invest in Journey Medical stock? Here's how.
  1. Decide where to buy Journey Medical stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Journey Medical stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your investment account: Select your method of payment and add your details.
  4. Analyze Journey Medical stock: The Journey Medical ticker symbol is DERM. Is Journey Medical stock a good investment? Should you buy shares of DERM? How do DERM's underlying business fundamentals look? Do top analysts think Journey Medical is a good buy? Why has DERM's stock price moved recently? (Hint: Our stock market research tools can help you decide if DERM is a good stock to buy).
  5. Make your DERM purchase: Decide if you will purchase DERM shares at the current market price or use a limit order to purchase DERM shares at a particular price.
  6. Watch your DERM position: Create a watchlist to get the latest news on your position in Journey Medical shares.

Step 1: Decide where to buy Journey Medical stock

You will need a brokerage account in order to access the NASDAQ market and buy DERM stock.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've selected your brokerage, it's time to fill out some personal information so you are able to invest in DERM today.

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Step 3: Deposit funds into your investment account

Now that you have finished signing up on the best stock market app for beginners, your next step is to transfer the money for your investment:

Watch the walkthrough below for more details transferring money into your brokerage account.

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Step 4: Analyze Journey Medical stock

Once you have chosen the best place to buy Journey Medical stock, it's critical to analyze their stock before you invest, so you truly comprehend the risk and upside.

Journey Medical stock quick numbers

DERM Price
$5.68
1w %
9.02%
1y %
140.68%
5y %
N/A
P/E
-28.4x
P/B
8.78x
P/S
1.4x
PEG
N/A
Revenue
$80.00M
Earnings
-$4.16M
Fore. Rev. Growth
1.52%
Fore. Earn. Growth
N/A
Market Cap
$113.67M
Next Earnings
Aug 6, 2024
Next Dividend
N/A

Journey Medical Overview

WallStreetZen was designed to help average investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on DERM's stock page.

What is the fair value of DERM stock?

Analysts use many financial metrics, analyses, models, and charts to gauge DERM's intrinsic value.

Using relative valuations ratios:

  • DERM may be overvalued based on its P/B ratio of 8.78x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.25x

You can do more valuation research on DERM's stock here.

Is DERM a healthy company?

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the DERM balance sheet.
  • DERM profit margin has gone up from -61.3% to -5.2% in the past year.
  • There are more short-term assets than long-term liabilities on the DERM balance sheet.

Negative Financial Indicators:

  • DERM has a relatively high debt to equity ratio of 4.14.
  • DERM earnings of -$2.34M is not sufficient to cover its interest payments.
  • DERM's operating cash flow of $1.18M allows it to safely service it's debt of $17.77M.

Is it a good time to buy DERM stock, according to Wall Street analysts?

Out of 2 Equities analysts who give ratings on DERM, the consensus analyst rating on DERM is a Strong Buy

Please note that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Journey Medical stock forecast page.

DERM Momentum

SMA10
5.42
SMA20
5.39
SMA50
4.48
SMA100
4.09
SMA200
4.31
MACD
0.28
MACD Signal
0.3
MACD Histogram
-0.02
RSI
61.93
Stochastic %K
68.47
Stochastic %D
64.94
StochRSI %K
50.72
StochRSI %D
45.13

DERM Performance Numbers

Last year, DERM revenue was $80.00M. Over the last three year, DERM's revenue has grown by 94.63% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 20.5%.

You can research DERM's earnings and revenue performance here.

Who is buying/selling DERM?

Over the past year, insiders at DERM have bought more shares than they have sold.

Lindsay A. Md Rosenwald, Director of DERM, was the latest DERM insider to buy. They bought $30,400.00 worth of DERM shares on Mar 25, 2024.

Research more about who owns DERM stock here.

Can I rely on DERM as an income stream?

No, Journey Medical doesn't provide an income stream by paying out dividends.

DERM Social Trading Data

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Step 5: Make your DERM purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine for most investors.
  • 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 sure you're buying or selling at an exact dollar amount limit, use a limit order.

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Step 6: Watch your DERM position

Now that you own some shares in DERM, you'll want to keep up with your stock purchase.

Start a watchlist to keep track of your DERM stock.

DERM Feed

How to Buy Stock in Journey Medical

To summarize, here are the 6 steps you need to take to buy Journey Medical stock right now:

  1. Decide where to buy Journey Medical stock
  2. Open a brokerage account
  3. Deposit funds into your investment account
  4. Analyze Journey Medical stock
  5. Make your DERM purchase
  6. Watch your DERM position

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If you would like to keep track of your new investment in Journey Medical, get started below.

NASDAQ: DERM
$5.68+0.17 (+3.09%)
Updated Jul 11, 2024
Open eToro Account
NASDAQ: DERM
$5.68+0.17 (+3.09%)
Updated Jul 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Journey Medical share?

As of Jul 11, 2024, it costs $5.68 to buy one share of Journey Medical stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.352 shares of DERM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Journey Medical stock?

According to 2 Wall Street analysts who monitor Journey Medical, their consensus recommendation is to buy Journey Medical stock.

What is the best way to buy Journey Medical stock?

One way to place an order for Journey Medical stock is with a brokerage account.
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.