How to Buy Mineralys Therapeutics Stock
Mineralys Therapeutics Inc
Mineralys Therapeutics, Inc. , a clinical-stage biopharmaceutical company that develops therapies for the treatment of hypertension and associated cardiovascular diseases.
Mineralys Therapeutics stock last closed at $13.09, up 2.27% from the previous day, and has decreased 3.25% in one year. It has overperformed other stocks in the Biotechnology industry by 0.15 percentage points. Mineralys Therapeutics stock is currently +123.76% from its 52-week low of $5.85, and -26.05% from its 52-week high of $17.70.
As of May 2, 2024, there are 49.63M MLYS shares outstanding. The market value of MLYS is $649.67M. In the past 24 hours, 113,802 MLYS shares were traded.
How to Buy Mineralys Therapeutics Stock
Not sure how to invest in Mineralys Therapeutics stock? Here's how.
- Decide where to buy Mineralys Therapeutics stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Mineralys Therapeutics stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your payment method and add your info.
- Analyze Mineralys Therapeutics stock: The Mineralys Therapeutics ticker symbol is MLYS. Is Mineralys Therapeutics stock a good investment? Should you buy shares of MLYS? How do MLYS's underlying business fundamentals look? Do top analysts think Mineralys Therapeutics is a good buy? Why has MLYS's stock price moved recently? (Hint: Our stock research tools can help you decide if MLYS is a good stock to buy).
- Place your MLYS purchase: Decide if you will purchase MLYS shares at the current market price or use a limit order to buy MLYS shares at a given price.
- Get the latest news on your MLYS investment: Create a watchlist to the latest updates on your position in Mineralys Therapeutics stock.
Step 1: Decide where to buy Mineralys Therapeutics stock
You will need a brokerage account to access the NASDAQ market and buy MLYS stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal information so you are able to buy MLYS 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 data to open your new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on a good online stock trading app, you need to deposit funds:
Watch this video walkthrough to see the process of transferring funds into your brokerage account.
Step 4: Analyze Mineralys Therapeutics stock
After you have selected the best place to buy Mineralys Therapeutics stock, it's critical to analyze their stock before you buy, so you truly wrap your head around the risk and opportunity.
Mineralys Therapeutics quick stats
MLYS Due Diligence Checks
WallStreetZen was designed to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on MLYS's stock page.
Is MLYS stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge MLYS's fair value.
Using relative valuations measures:
- MLYS may be undervalued based on its P/B ratio of 2.69x, relative to Biotechnology industry P/B ratio of 5.99x
You can do more valuation analysis on MLYS's stock here.
MLYS Financial Summary
Positive Health Checks:
- MLYS has a low debt to equity ratio of 0.04.
- There are more short-term assets than short-term liabilities on the MLYS balance sheet.
- MLYS has cash burn of 81173000. It has enough 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 MLYS balance sheet.
Negative Health Checks:
- MLYS has $236.57M in cash and short term investments. This is not sufficient to cover its annual cash burn of $81.17M.
Do analysts think it's a good time to buy MLYS stock
Out of 1 Equities analysts who track MLYS, the consensus analyst rating on MLYS is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Mineralys Therapeutics stock forecast page.
MLYS Technical Indicators
Latest Insiders Trades at MLYS
Over the last year, insiders at MLYS have bought more shares than they have sold.
David Malcom Rodman, Chief Medical Officer of MLYS, was the latest MLYS insider to buy. They bought $6,856.92 worth of MLYS shares on Apr 12, 2024.
Get more info about who owns MLYS shares here.
Does MLYS stock generate passive income?
No, Mineralys Therapeutics doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your MLYS purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you want additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your MLYS investment
Now that you own some MLYS shares, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to keep tabs on your MLYS stock.
MLYS Feed
How to Buy Stock in Mineralys Therapeutics
To summarize, here are the 6 steps you need to take to buy Mineralys Therapeutics stock right now:
- Decide where to buy Mineralys Therapeutics stock
- Open your brokerage account
- Put funds into your brokerage account
- Analyze Mineralys Therapeutics stock
- Place your MLYS purchase
- Get the latest news on your MLYS investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Mineralys Therapeutics, add MLYS to your watchlist below.
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