How to Buy Lyra Therapeutics Stock
Lyra Therapeutics Inc
Lyra Therapeutics, Inc. , a clinical-stage therapeutics company, focuses on the development and commercialization of novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose, and throat diseases.
Lyra Therapeutics stock last closed at $11.34, down 4.3% from the previous day, and has decreased 26.86% in one year. It has overperformed other stocks in the Biotechnology industry by 0.5 percentage points. Lyra Therapeutics stock is currently +197.64% from its 52-week low of $3.81, and -69.76% from its 52-week high of $37.50.
At the moment, there are 1.33M shares of LYRA outstanding. The market value of LYRA is $15.03M. In the last 24 hours, 220,000 LYRA shares were traded.
How to Buy Lyra Therapeutics Stock
Wondering how to invest in Lyra Therapeutics stock? Here's how.
- Choose where to buy Lyra Therapeutics stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Lyra Therapeutics 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 payment method and add your details.
- Evaluate Lyra Therapeutics stock: The Lyra Therapeutics ticker symbol is LYRA. Is Lyra Therapeutics stock a good investment? Should you buy shares of LYRA? How do LYRA's underlying business fundamentals look? Do top analysts think Lyra Therapeutics is a good buy? Why has LYRA's stock price moved recently? (Hint: Our stock analysis website can help you understand if LYRA is a good stock to buy).
- Make your LYRA buy order: Decide if you will purchase LYRA shares at the current market price or use a limit order to buy LYRA stock at a given price.
- Track your LYRA position: Create a watchlist to get live updates on your position in Lyra Therapeutics stock.
Step 1: Choose where to buy Lyra Therapeutics stock
You need a brokerage account in order to access the NASDAQ market and buy LYRA shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you are able to invest in LYRA today.
How to Create 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.
- Enter your personal info to create your new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on the best stock app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Evaluate Lyra Therapeutics stock
Once you have decided on the best place to buy Lyra Therapeutics stock, it's critical to research their stock prior to investing, so you truly wrap your head around the risk and opportunity.
Lyra Therapeutics shares at a glance
LYRA Due Diligence Checks
WallStreetZen was designed to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on LYRA's stock page.
Is LYRA stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge LYRA's intrinsic value.
Using relative valuations measures:
- LYRA may be undervalued based on its P/B ratio of 3.88x, relative to Biotechnology industry P/B ratio of 4.66x
You can access additional valuation research on LYRA's stock here.
How do LYRA Financials look?
Passed Health Checks:
- Total LYRA debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the LYRA balance sheet.
Failed Health Checks:
- LYRA has a relatively high debt to equity ratio of 13.54.
- LYRA has $33.73M in cash and short term investments. This is not enough to cover its annual cash burn of $56.59M.
- LYRA profit margin has gone down from -4,099.8% to -6,711.4% in the past year.
- There are more long-term liabilities than short-term assets on the LYRA balance sheet.
- LYRA has cash burn of 56587000. It does not have enough cash and short-term investments to cover this.
Is it a good time to buy Lyra Therapeutics stock, according to Wall Street analysts?
Out of 1 Equities analysts who give recommendations on LYRA, the consensus analyst rating on LYRA is a Hold
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Lyra Therapeutics stock forecast page.
LYRA Momentum
LYRA Performance Numbers
Last year, LYRA revenue was $1.19M. During the past three year, LYRA's revenue has gone up by 83.09% per year. This was faster than the Biotechnology industry average of 43.24%.
You can analyze LYRA's earnings and revenue performance here.
Latest Insiders Trades at LYRA
In the past 12 months, executives and large shareholders at LYRA have not bought or sold any shares.
Research more about who owns LYRA shares here.
Can I get consistent income from LYRA stock?
No, Lyra Therapeutics doesn't provide an income stream by paying out dividends.
LYRA Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your LYRA 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 sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Track your LYRA position
Now that you own some LYRA stock, you'll want to stay up-to-date on your new investment.
Put LYRA on a watchlist to get alerted to the latest events about your LYRA stock.
LYRA Feed
How to Buy Stock in Lyra Therapeutics
To summarize, here are the 6 steps to buy Lyra Therapeutics stock:
- Choose where to buy Lyra Therapeutics stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Evaluate Lyra Therapeutics stock
- Make your LYRA buy order
- Track your LYRA position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your investment in Lyra Therapeutics, get started below.
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