How to Buy Lenz Therapeutics Stock
Lenz Therapeutics Inc
LENZ Therapeutics, Inc. , a clinical-stage biopharmaceutical company, focuses on developing aceclidine-based eye drop to enhance vision in patients diagnosed with presbyopia.
Lenz Therapeutics stock last closed at $15.81, down 0.38% from the previous day, and has decreased 29.86% in one year. It has underperformed other stocks in the Biotechnology industry by 0.09 percentage points. Lenz Therapeutics stock is currently +12.36% from its 52-week low of $14.07, and -46.98% from its 52-week high of $29.82.
There are currently 8.32M LENZ shares outstanding. The market cap of LENZ is $131.53M. In the last 24 hours, 91,717 LENZ shares were traded.
How to Buy Lenz Therapeutics Stock
Not sure how to invest in Lenz Therapeutics stock? Here's how.
- Figure out where to buy Lenz Therapeutics stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Lenz Therapeutics stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your method of payment and add your info.
- Evaluate Lenz Therapeutics stock: The Lenz Therapeutics ticker symbol is LENZ. Is Lenz Therapeutics stock a good investment? Should you buy shares of LENZ? How do LENZ's underlying business fundamentals look? Do top analysts think Lenz Therapeutics is a good buy? Why has LENZ's stock price moved recently? (Hint: Our stock market research website can help you evaluate if LENZ is a good stock to buy).
- Make your LENZ purchase: Decide if you will purchase LENZ shares at the current market price or use a limit order to buy LENZ shares at a given price.
- Watch your LENZ position: Create a watchlist to key updates about your new investment in Lenz Therapeutics shares.
Step 1: Figure out where to buy Lenz Therapeutics stock
You need an online brokerage account in order to access the NASDAQ market and buy LENZ shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can invest in LENZ today.
How to Start 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 info to create your new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the highest rated app to buy and sell stocks, you need to deposit funds:
Watch the video below to see the process of transferring money into your brokerage account.
Step 4: Evaluate Lenz Therapeutics stock
Once you have chosen the best place to buy Lenz Therapeutics stock, it's critical to research their stock prior to investing, so you actually comprehend the risk and opportunity.
Lenz Therapeutics stock quick numbers
Lenz Therapeutics Overview
WallStreetZen was built to help everyday investors perform better fundamental analysis.
You can view all of the due diligence checks on LENZ's stock page.
How is LENZ stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LENZ's true value.
Using relative valuations methods:
- LENZ may be undervalued based on its P/B ratio of 0.72x, relative to Biotechnology industry P/B ratio of 6.02x
You can access more valuation research on LENZ's stock here.
LENZ Financials at a glance
Signs that LENZ is financially healthy:
- There are more short-term assets than short-term liabilities on the LENZ balance sheet.
- LENZ has a low debt to equity ratio of 0.03.
- LENZ has cash burn of 98959000. 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 LENZ balance sheet.
Signs that LENZ is not financially healthy:
- LENZ has $185.86M in cash and short term investments. This is not sufficient to cover its annual cash burn of $98.96M.
Do Wall Street analysts think it's a good time to buy Lenz Therapeutics stock
Out of 3 Wall Street analysts who give recommendations on LENZ, the consensus analyst rating on Lenz Therapeutics is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Lenz Therapeutics stock forecast page.
LENZ Trading Indicators
Who is buying/selling LENZ?
In the last year, insiders at LENZ have bought more shares than they have sold.
James W. McCollum, Director of LENZ, was the latest LENZ insider to buy. They bought $249,993.99 worth of LENZ shares on Mar 21, 2024.
Learn more about who owns LENZ stock here.
Does LENZ stock generate passive income?
No, Lenz Therapeutics doesn't provide an income stream by paying out dividends.
What others are saying about LENZ
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: Make your LENZ 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 mostly fine for most 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 ensure you're buying or selling at a particular price, place a limit order.
Press the Open Trade button and your broker will place your order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your LENZ position
Now that you own some LENZ shares, you'll want to keep up with your new company.
Start a watchlist to keep tabs on your LENZ stock.
LENZ Feed
How to Buy Stock in Lenz Therapeutics
To reiterate, here are the 6 steps for buying Lenz Therapeutics stock:
- Figure out where to buy Lenz Therapeutics stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Evaluate Lenz Therapeutics stock
- Make your LENZ purchase
- Watch your LENZ position
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to monitor your investment in Lenz Therapeutics, click the button below.
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