How to Buy Merrimack Pharmaceuticals Stock
Merrimack Pharmaceuticals Inc
Merrimack Pharmaceuticals, Inc. operates as a biopharmaceutical company. The company was incorporated in 1993 and is headquartered in Cambridge, Massachusetts. .
Merrimack Pharmaceuticals stock last closed at $15.00, down 0.2% from the previous day, and has increased 19.52% in one year. It has overperformed other stocks in the Biotechnology industry by 0.38 percentage points. Merrimack Pharmaceuticals stock is currently +30.1% from its 52-week low of $11.53, and -5.6% from its 52-week high of $15.89.
There are currently 14.52M MACK shares outstanding. The market cap of MACK is $217.74M. In the last 24 hours, 187,562 MACK shares were traded.
How to Buy Merrimack Pharmaceuticals Stock
Not sure how to invest in Merrimack Pharmaceuticals stock? Here's how.
- Figure out where to buy Merrimack Pharmaceuticals stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Merrimack Pharmaceuticals stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your payment method and add your info.
- Analyze Merrimack Pharmaceuticals stock: The Merrimack Pharmaceuticals ticker symbol is MACK. Is Merrimack Pharmaceuticals stock a good investment? Should you buy shares of MACK? How do MACK's underlying business fundamentals look? Do top analysts think Merrimack Pharmaceuticals is a good buy? Why has MACK's stock price moved recently? (Hint: Our stock analysis website can help you decide if MACK is a good stock to buy).
- Make your MACK trade: Decide if you will purchase MACK shares at the current market price or use a limit order to purchase MACK stock at a given price.
- Get key alerts regarding your MACK investment: Create a watchlist to the latest updates on your position in Merrimack Pharmaceuticals shares.
Step 1: Figure out where to buy Merrimack Pharmaceuticals stock
You need a brokerage account to access the NASDAQ market and buy MACK shares.
Our favorite brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you can invest in MACK stock today.
How to Start 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.
- Input your personal details to create your new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on the best investment app, your next step is to transfer the money for your investment:
Watch the video below if you need help transferring money into your brokerage account.
Step 4: Analyze Merrimack Pharmaceuticals stock
Once you have chosen the best place to buy Merrimack Pharmaceuticals stock, it's critical to research their stock prior to investing, so you can comprehend the risk as well as the upside.
Merrimack Pharmaceuticals quick stats
MACK Zen Score
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on MACK's stock page.
What is the fair value of MACK stock?
Analysts use many financial metrics, analyses, models, and charts to gauge MACK's true value.
Using relative valuations measures:
- MACK may be overvalued based on its P/B ratio of 11.61x, relative to Biotechnology industry P/B ratio of 6.01x
You can access additional valuation analysis on MACK's stock here.
MACK Financial Overview
Passed Health Checks:
- Total MACK debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the MACK balance sheet.
- There are more short-term assets than short-term liabilities on the MACK balance sheet.
- MACK has cash burn of 1522000. It has sufficient cash and short-term investments to cover this for at least one year.
- MACK has a low debt to equity ratio of 0.02.
- MACK has $18.88M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.52M.
Metrics for Advanced MACK Traders
Latest Insiders Trades at MACK
Over the past year, executives and large shareholders at MACK have bought more shares than they have sold.
Eric 1. Andersen, Director of MACK, was the latest MACK insider to buy. They bought $11,440.95 worth of MACK stock on Dec 28, 2023.
Dig into more about who owns MACK stock here.
Can I get consistent income from MACK stock?
No, Merrimack Pharmaceuticals doesn't provide an income stream by paying out dividends.
MACK Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your MACK trade
You have two main types of orders:
- 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 security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, use a limit order.
Press the Open button and eToro will execute your order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your MACK investment
Now that you own some MACK shares, you'll want to stay up-to-date on your stock purchase.
Put MACK on a watchlist to get notified of important updates regarding your MACK stock.
MACK Feed
How to Buy Stock in Merrimack Pharmaceuticals
To summarize, here are the 6 steps to buy Merrimack Pharmaceuticals stock:
- Figure out where to buy Merrimack Pharmaceuticals stock
- Sign up for a brokerage account
- Put funds into your investment account
- Analyze Merrimack Pharmaceuticals stock
- Make your MACK trade
- Get key alerts regarding your MACK investment
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Merrimack Pharmaceuticals, create your watchlist below.
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