How to Buy Nanoviricides Stock
Nanoviricides Inc
NanoViricides, Inc. is a development stage company, which engages in the development of nanomedicine drugs against viruses. The company is headquartered in Shelton, Connecticut and currently employs 17 full-time employees.
Nanoviricides stock last closed at $1.15, up 0.88% from the previous day, and has decreased 10.16% in one year. It has overperformed other stocks in the Biotechnology industry by 0.14 percentage points. Nanoviricides stock is currently +15% from its 52-week low of $1.00, and -42.5% from its 52-week high of $2.00.
At the moment, there are 11.78M shares of NNVC outstanding. The market cap of NNVC is $13.55M. In the last 24 hours, 13,974 NNVC shares were traded.
How to Buy Nanoviricides Stock
Wondering how to invest in Nanoviricides stock? Here's how.
- Decide where to buy Nanoviricides stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Nanoviricides stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your method of payment and add your info.
- Research Nanoviricides stock: The Nanoviricides ticker symbol is NNVC. Is Nanoviricides stock a good investment? Should you buy shares of NNVC? How do NNVC's underlying business fundamentals look? Do top analysts think Nanoviricides is a good buy? Why has NNVC's stock price moved recently? (Hint: Our stock research tools can help you evaluate if NNVC is a good stock to buy).
- Place your NNVC trade: Decide if you will purchase NNVC shares at the current market price or use a limit order to buy NNVC shares at a given price.
- Keep an eye on your investment in NNVC: Create a watchlist to watch your position in Nanoviricides shares.
Step 1: Decide where to buy Nanoviricides stock
You need a brokerage account in order to access the NYSEMKT market and buy NNVC shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you can buy NNVC today.
How to Open 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.
- Enter your personal info to create a new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on app for investing, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Research Nanoviricides stock
After you have identified the best place to buy Nanoviricides stock, it's very important to research their stock prior to investing, so you can wrap your head around the risk and upside.
Nanoviricides Numbers
NNVC Due Diligence Checks
WallStreetZen was built to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on NNVC's stock page.
Is NNVC stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NNVC's true value.
Using relative valuations ratios:
- NNVC could be undervalued based on its P/B ratio of 1.09x, relative to Biotechnology industry P/B ratio of 5.86x
You can do more valuation research on NNVC's stock here.
NNVC Financials at a glance
Positive Financial Indicators:
- Total NNVC debt is lower than 5 years ago, relative to shareholder equity.
- NNVC has a low debt to equity ratio of 0.08.
- There are more short-term assets than long-term liabilities on the NNVC balance sheet.
- There are more short-term assets than short-term liabilities on the NNVC balance sheet.
- NNVC has $5.25M in cash and short term investments. This is sufficient to cover its annual cash burn of $6.20M.
Negative Financial Indicators:
- NNVC has cash burn of 6202972. It does not have sufficient cash and short-term investments to cover this.
Do Wall Street analysts think it's a good time to buy Nanoviricides stock
Out of 1 Equities analysts who give ratings on NNVC, the consensus analyst rating on Nanoviricides is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Nanoviricides stock forecast page.
Metrics for Advanced NNVC Traders
What are NNVC executives and large shareholders up to?
In the last 12 months, executives and large shareholders at NNVC have not bought or sold any shares.
Dig into more about who owns NNVC shares here.
Does NNVC provide a stable income stream?
No, Nanoviricides doesn't provide an income stream by paying out dividends.
NNVC Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your NNVC trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and your broker will place your order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in NNVC
Now that you own some NNVC shares, you'll want to keep up with your investment.
Make a watchlist to get notified of the latest news about your NNVC stock.
NNVC Feed
How to Buy Stock in Nanoviricides
To reiterate, here are the 6 steps to buy stock in Nanoviricides:
- Decide where to buy Nanoviricides stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Nanoviricides stock
- Place your NNVC trade
- Keep an eye on your investment in NNVC
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your investment in Nanoviricides, create a watchlist on WallStreetZen today.
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