How to Buy Longboard Pharmaceuticals Stock
Longboard Pharmaceuticals Inc
Longboard Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company, focuses on developing transformative medicines for neurological diseases.
Longboard Pharmaceuticals stock last closed at $21.96, up 3.1% from the previous day, and has increased 184.46% in one year. It has overperformed other stocks in the Biotechnology industry by 2.05 percentage points. Longboard Pharmaceuticals stock is currently +510% from its 52-week low of $3.60, and -21.99% from its 52-week high of $28.15.
At the moment, there are 36.02M LBPH shares outstanding. The market cap of LBPH is $790.94M. In the last 24 hours, 410,012 LBPH shares were traded.
How to Buy Longboard Pharmaceuticals Stock
Wondering how to invest in Longboard Pharmaceuticals stock? Here's how.
- Choose where to buy Longboard Pharmaceuticals stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Longboard Pharmaceuticals stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Pick your method of payment and add your info.
- Research Longboard Pharmaceuticals stock: The Longboard Pharmaceuticals ticker symbol is LBPH. Is Longboard Pharmaceuticals stock a good investment? Should you buy shares of LBPH? How do LBPH's underlying business fundamentals look? Do top analysts think Longboard Pharmaceuticals is a good buy? Why has LBPH's stock price moved recently? (Hint: Our stock analysis website can help you figure out if LBPH is a good stock to buy).
- Place your LBPH trade: Decide if you will purchase LBPH shares at the current market price or use a limit order to buy LBPH stock at a given price.
- Keep tabs on your investment in LBPH: Create a watchlist to important notifications about your position in Longboard Pharmaceuticals stock.
Step 1: Choose where to buy Longboard Pharmaceuticals stock
You will need a brokerage account to access the NASDAQ market and buy LBPH stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal information so you can invest in LBPH stock today.
How to Open a New 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 details to open a new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on stock market apps, you need to deposit funds:
Watch this video walkthrough for more details depositing funds into your new brokerage account.
Step 4: Research Longboard Pharmaceuticals stock
Once you have chosen the best place to buy Longboard Pharmaceuticals stock, it's critical to research their stock before you buy, so you truly understand the risk and upside.
Longboard Pharmaceuticals Metrics
Fundamentals of LBPH
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on LBPH's stock page.
Is LBPH stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge LBPH's true value.
Using relative valuations measures:
- LBPH may be overvalued based on its P/B ratio of 19.33x, relative to Biotechnology industry P/B ratio of 6.02x
You can do more valuation analysis on LBPH's stock here.
LBPH Financial Health Overview
Positive Financial Indicators:
- LBPH has a low debt to equity ratio of 0.24.
- There are more short-term assets than long-term liabilities on the LBPH balance sheet.
- There are more short-term assets than short-term liabilities on the LBPH balance sheet.
Negative Financial Indicators:
- LBPH has cash burn of 50868000. It does not have sufficient cash and short-term investments to cover this.
- LBPH has $48.50M in cash and short term investments. This is not sufficient to cover its annual cash burn of $50.87M.
Is it a good time to buy Longboard Pharmaceuticals stock, according to analysts?
Out of 6 Equities analysts who give ratings on LBPH, the consensus analyst rating on LBPH is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest LBPH Analyst Ratings
Yatin Suneja, a top 35% analyst from Guggenheim maintains LBPH with a strong buy rating and raises their LBPH price target from $16.00 to $32.00, on Jan 2, 2024.
Guggenheim's Yatin Suneja raised their price target on Longboard Pharmaceuticals (NASDAQ: LBPH) by 100% from $16 to $32 on 2024/01/02. The analyst maintained their Strong Buy rating on the stock.
The analyst said they made their price target move to reflect the company's "solid" positive topline data from the 2024/01/02 Phase Ib/IIa study testing LP352 in developmental and epileptic encephalopathies (DEEs), which "bodes well for what is a pivotal program."
Bexicaserin (LP352) achieved a median seizure reduction of 53.3% in countable motor seizures compared to 20.8% in the placebo group across the DEE study population, Suneja detailed, citing Longboard Pharmaceuticals's press release.
You can dive deeper into what analysts are projecting on the Longboard Pharmaceuticals stock forecast page.
LBPH Technicals
Latest Insiders Trades at LBPH
Over the last year, executives and large shareholders at LBPH have sold more shares than they have bought.
Arena Pharmaceuticals Inc, was the latest LBPH insider to sell. They sold $96,479,595.00 worth of LBPH shares on Jan 25, 2024.
Get more info about who owns LBPH stock here.
Does LBPH provide a stable income stream?
No, Longboard Pharmaceuticals doesn't provide an income stream by paying out dividends.
LBPH Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your LBPH trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Press the Open Trade button and eToro will place the order.
If you want more help investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in LBPH
Now that you own some LBPH stock, you'll want to stay up-to-date on your investment.
Start a watchlist to get notified of the latest news about your LBPH stock.
LBPH Feed
How to Buy Stock in Longboard Pharmaceuticals
To reiterate, here are the 6 steps for buying Longboard Pharmaceuticals stock:
- Choose where to buy Longboard Pharmaceuticals stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Research Longboard Pharmaceuticals stock
- Place your LBPH trade
- Keep tabs on your investment in LBPH
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Longboard Pharmaceuticals, click the button below.
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