How to Buy Lexaria Bioscience Stock
Lexaria Bioscience Corp
Lexaria Bioscience Corp. operates as a biotechnology company. Its patented drug delivery technology, DehydraTECH, improves the way active pharmaceutical ingredients enter the bloodstream by promoting effective oral delivery.
Lexaria Bioscience stock last closed at $2.20, down 1.79% from the previous day, and has decreased 2.65% in one year. It has overperformed other stocks in the Biotechnology industry by 0.21 percentage points. Lexaria Bioscience stock is currently +238.98% from its 52-week low of $0.65, and -67.88% from its 52-week high of $6.85.
At the moment, there are 12.89M LEXX shares outstanding. The market cap of LEXX is $28.35M. In the past 24 hours, 97,910 LEXX shares were traded.
How to Buy Lexaria Bioscience Stock
Wondering how to invest in Lexaria Bioscience stock? Here's how.
- Decide where to buy Lexaria Bioscience stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Lexaria Bioscience stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Evaluate Lexaria Bioscience stock: The Lexaria Bioscience ticker symbol is LEXX. Is Lexaria Bioscience stock a good investment? Should you buy shares of LEXX? How do LEXX's underlying business fundamentals look? Do top analysts think Lexaria Bioscience is a good buy? Why has LEXX's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if LEXX is a good stock to buy).
- Make your LEXX trade: Decide if you will purchase LEXX shares at the current market price or use a limit order to purchase LEXX stock at a specific price.
- Keep an eye on your LEXX position: Create a watchlist to get the latest news on your position in Lexaria Bioscience stock.
Step 1: Decide where to buy Lexaria Bioscience stock
You need an online brokerage account in order to access the NASDAQ market and buy LEXX shares.
Our recommended brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal info so you can buy LEXX today.
How to Set Up 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.
- Provide your personal details to start your new trading account.
- Submit 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 mobile trading apps, you need to deposit funds:
Watch the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Evaluate Lexaria Bioscience stock
Once you have figured out the best place to buy Lexaria Bioscience stock, it's crucial to analyze their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
Overview of key LEXX info
Lexaria Bioscience Zen Score
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on LEXX's stock page.
Is LEXX stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge LEXX's true value.
Using relative valuations measures:
- LEXX may be undervalued based on its P/B ratio of 4.35x, relative to Biotechnology industry P/B ratio of 5.86x
You can do more valuation analysis on LEXX's stock here.
LEXX Financial Summary
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the LEXX balance sheet.
- Total LEXX debt is lower than 5 years ago, relative to shareholder equity.
- LEXX has a low debt to equity ratio of 0.03.
- There are more short-term assets than short-term liabilities on the LEXX balance sheet.
Negative Financial Indicators:
- LEXX has cash burn of 5208914. It does not have sufficient cash and short-term investments to cover this.
- LEXX profit margin has gone up by 6.94 percentage points in the past year, but the company is still unprofitable.
- LEXX has $4.79M in cash and short term investments. This is not enough to cover its annual cash burn of $5.21M.
Is it a good time to buy LEXX stock, according to Wall Street analysts?
Out of 1 Equities analysts who give forecasts on LEXX, the consensus analyst rating on Lexaria Bioscience is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Lexaria Bioscience stock forecast page.
LEXX Technical Indicators
LEXX Growth Numbers
Last year, LEXX revenue was $386.00k. During the last 5 year, LEXX's revenue has gone up by 7.07% per year. This was slower than the Biotechnology industry average of 28.91%.
You can research LEXX's earnings and revenue performance here.
Latest Insiders Trades at LEXX
In the last 12 months, insiders at LEXX have not bought or sold any shares.
Dig into more about who owns LEXX stock here.
Can I get consistent income from LEXX stock?
No, Lexaria Bioscience doesn't provide an income stream by paying out dividends.
What others are saying about LEXX
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your LEXX trade
There are 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 make sure you're buying or selling at a specific price, place a limit order.
Click the Open button and eToro will place your order.
If you want more info about buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your LEXX position
Now that you own some LEXX shares, you'll want to keep up with your shares.
Make a watchlist to see the latest developments about your LEXX stock.
LEXX Feed
How to Buy Stock in Lexaria Bioscience
To reiterate, here are the 6 steps for buying Lexaria Bioscience stock:
- Decide where to buy Lexaria Bioscience stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Evaluate Lexaria Bioscience stock
- Make your LEXX trade
- Keep an eye on your LEXX position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Lexaria Bioscience, create a watchlist on WallStreetZen today.
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