How to Buy Ocuphire Pharma Stock
Ocuphire Pharma Inc
Ocuphire Pharma, Inc. , a clinical-stage ophthalmic biopharmaceutical company, focuses on developing and commercializing therapies for the treatment of refractive and retinal eye disorders.
Ocuphire Pharma stock last closed at $1.61, up 4.89% from the previous day, and has decreased 68.86% in one year. It has underperformed other stocks in the Biotechnology industry by 0.47 percentage points. Ocuphire Pharma stock is currently +7.33% from its 52-week low of $1.50, and -75.61% from its 52-week high of $6.60.
As of Apr 26, 2024, there are 24.81M shares of OCUP outstanding. The market capitalization of OCUP is $39.95M. In the last 24 hours, 113,234 OCUP shares were traded.
How to Buy Ocuphire Pharma Stock
Wondering how to invest in Ocuphire Pharma stock? Here's how.
- Choose where to buy Ocuphire Pharma stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Ocuphire Pharma stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your payment method and add your details.
- Research Ocuphire Pharma stock: The Ocuphire Pharma ticker symbol is OCUP. Is Ocuphire Pharma stock a good investment? Should you buy shares of OCUP? How do OCUP's underlying business fundamentals look? Do top analysts think Ocuphire Pharma is a good buy? Why has OCUP's stock price moved recently? (Hint: Our stock analysis website can help you decide if OCUP is a good stock to buy).
- Place your OCUP buy order: Decide if you will purchase OCUP shares at the current market price or use a limit order to purchase OCUP stock at a given price.
- Get the latest news on your OCUP investment: Create a watchlist to monitor your position in Ocuphire Pharma stock.
Step 1: Choose where to buy Ocuphire Pharma stock
You will need an online brokerage account in order to access the NASDAQ market and buy OCUP stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you can invest in OCUP today.
How to Create 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.
- Provide your personal info to create your new trading account.
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Step 3: Put funds into your brokerage account
Now that you have opened your account on one of the most highly reviewed stock apps, you can securely and quickly fund your account:
Watch this video walkthrough if you need help transferring funds into your new investment account.
Step 4: Research Ocuphire Pharma stock
After you have identified the best place to buy Ocuphire Pharma stock, it's critical to evaluate their stock before you buy, so you actually understand the risk as well as the opportunity.
Ocuphire Pharma stock quick numbers
Ocuphire Pharma Fundamentals
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can see all of the due diligence checks on OCUP's stock page.
Is OCUP stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge OCUP's fair value.
Using relative valuations ratios:
- OCUP could be undervalued based on its P/B ratio of 0.8x, relative to Biotechnology industry P/B ratio of 5.85x
You can do more valuation research on OCUP's stock here.
OCUP Financial Health
Pros:
- OCUP has $50.52M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.11M.
- Total OCUP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the OCUP balance sheet.
- OCUP has cash burn of 1112000. It has sufficient cash and short-term investments to cover this for at least one year.
- OCUP has a low debt to equity ratio of 0.08.
- There are more short-term assets than long-term liabilities on the OCUP balance sheet.
Cons:
- OCUP profit margin has gone down from 44.9% to -52.4% in the past year.
Do analysts think it's a good time to buy Ocuphire Pharma stock
Out of 2 Equities analysts who give forecasts on OCUP, the consensus analyst rating on OCUP is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Ocuphire Pharma stock forecast page.
OCUP Technical Indicators
Is OCUP Making Money?
Last year, OCUP revenue was $19.05M. Over the past 2 year, OCUP's revenue has increased by 468.69% per year. This was faster than the Biotechnology industry average of 28.56%.
Learn more about OCUP's earnings and revenue performance here.
Who is buying/selling OCUP?
Over the past 12 months, executives and large shareholders at OCUP have bought more shares than they have sold.
Nirav S. Jhaveri, Chief Financial Officer of OCUP, was the latest OCUP insider to buy. They bought $21,000.00 worth of OCUP shares on Mar 21, 2024.
Dig into more about who owns OCUP stock here.
Does OCUP stock generate passive income?
No, Ocuphire Pharma doesn't provide an income stream by paying out dividends.
What do other traders have to say about OCUP?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your OCUP buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you 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 specific dollar amount, use a limit order.
Press the Open button and your broker will execute your order.
If you require more info about buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your OCUP investment
Now that you own some OCUP stock, you'll want to keep up with your investment.
Start a watchlist to monitor your OCUP stock.
OCUP Feed
How to Buy Stock in Ocuphire Pharma
To summarize, here are the 6 steps to buy stock in Ocuphire Pharma:
- Choose where to buy Ocuphire Pharma stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Ocuphire Pharma stock
- Place your OCUP buy order
- Get the latest news on your OCUP investment
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to monitor your new investment in Ocuphire Pharma, click the button below.
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