How to Buy Mynaric Ag Stock
Mynaric Ag
Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance data transmission between moving objects for wireless terrestrial, airborne, and space applications in Germany and internationally.
Mynaric Ag stock last closed at $5.51, down 1.25% from the previous day, and has decreased 9.67% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.12 percentage points. Mynaric Ag stock is currently +83.06% from its 52-week low of $3.01, and -27.5% from its 52-week high of $7.60.
As of Apr 18, 2024, there are 5.67M shares of MYNA outstanding. The market value of MYNA is $124.93M. In the last 24 hours, 2443 MYNA shares were traded.
How to Buy Mynaric Ag Stock
Not sure how to invest in Mynaric Ag stock? Here's how.
- Choose where to buy Mynaric Ag stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Mynaric Ag stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your details.
- Analyze Mynaric Ag stock: The Mynaric Ag ticker symbol is MYNA. Is Mynaric Ag stock a good investment? Should you buy shares of MYNA? How do MYNA's underlying business fundamentals look? Do top analysts think Mynaric Ag is a good buy? Why has MYNA's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if MYNA is a good stock to buy).
- Place your MYNA purchase: Decide if you will purchase MYNA shares at the current market price or use a limit order to buy MYNA shares at a particular price.
- Monitor your MYNA position: Create a watchlist to important updates regarding your position in Mynaric Ag stock.
Step 1: Choose where to buy Mynaric Ag stock
You need an online brokerage account in order to access the NASDAQ market and buy MYNA shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you can buy MYNA stock 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.
- Provide your personal data to start your new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on app for stock, you need to deposit funds:
Check out the tutorial below to see the process of depositing money into your brokerage account.
Step 4: Analyze Mynaric Ag stock
Once you have selected the best place to buy Mynaric Ag stock, it's important to evaluate their stock prior to investing, so you truly understand the risk and opportunity.
Mynaric Ag quick stats
Fundamentals of MYNA
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on MYNA's stock page.
Is MYNA stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MYNA's fair value.
Using relative valuations measures:
- MYNA may be overvalued based on its P/B ratio of 4.09x, relative to Communication Equipment industry P/B ratio of 2.65x
You can access more valuation analysis on MYNA's stock here.
A look at MYNA Cashflows and Balance Sheet
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the MYNA balance sheet.
Failed Health Checks:
- MYNA has a relatively high debt to equity ratio of 1.89.
- MYNA has $17.49M in cash and short term investments. This is not enough to cover its annual cash burn of $66.37M.
- There are more short-term liabilities than short-term assets on the MYNA balance sheet.
- MYNA has cash burn of 66367032. It does not have sufficient cash and short-term investments to cover this.
- MYNA profit margin has gone up by 2.63 percentage points in the past year, but the company is still unprofitable.
You can dive deeper into what analysts are projecting on the Mynaric Ag stock forecast page.
MYNA Trading Indicators
MYNA Growth Metrics
Last year, MYNA revenue was $4.86M. Over the past three year, MYNA's revenue has grown by 329.35% per year. This was faster than the Communication Equipment industry average of 3.93%.
You can research MYNA's earnings and revenue performance here.
Latest Insiders Trades at MYNA
Over the past year, executives and large shareholders at MYNA have not bought or sold any shares.
Learn more about who owns MYNA shares here.
Does MYNA provide a stable income stream?
No, Mynaric Ag doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your MYNA purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your MYNA position
Now that you own some shares in MYNA, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to get notified of the latest news about your MYNA stock.
MYNA Feed
How to Buy Stock in Mynaric Ag
To summarize, here are the 6 steps you need to take to buy Mynaric Ag stock right now:
- Choose where to buy Mynaric Ag stock
- Open your brokerage account
- Deposit money your investment account
- Analyze Mynaric Ag stock
- Place your MYNA purchase
- Monitor your MYNA position
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Mynaric Ag, create your watchlist below.
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