How to Buy Oncolytics Biotech Stock
Oncolytics Biotech Inc
Oncolytics Biotech Inc. , a development-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer.
Oncolytics Biotech stock last closed at $1.03, down 0.96% from the previous day, and has decreased 10.43% in one year. It has overperformed other stocks in the Biotechnology industry by 0.16 percentage points. Oncolytics Biotech stock is currently +16.65% from its 52-week low of $0.88, and -69.65% from its 52-week high of $3.39.
As of Apr 18, 2024, there are 74.42M shares of ONCY outstanding. The market value of ONCY is $76.66M. In the past 24 hours, 158,995 ONCY shares were traded.
How to Buy Oncolytics Biotech Stock
Not sure how to invest in Oncolytics Biotech stock? Here's how.
- Choose where to buy Oncolytics Biotech stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Oncolytics Biotech stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your information.
- Research Oncolytics Biotech stock: The Oncolytics Biotech ticker symbol is ONCY. Is Oncolytics Biotech stock a good investment? Should you buy shares of ONCY? How do ONCY's underlying business fundamentals look? Do top analysts think Oncolytics Biotech is a good buy? Why has ONCY's stock price moved recently? (Hint: Our stock market research tools can help you decide if ONCY is a good stock to buy).
- Place your ONCY trade: Decide if you will purchase ONCY shares at the current market price or use a limit order to buy ONCY stock at a specific price.
- Get the latest news on your ONCY position: Create a watchlist to the latest updates on your investment in Oncolytics Biotech shares.
Step 1: Choose where to buy Oncolytics Biotech stock
You need an online brokerage account in order to access the NASDAQ market and buy ONCY stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can invest in ONCY today.
How to Open a New 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 data to start a new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on the best stock trading app for beginners, you can securely and quickly fund your account:
Check out this video walkthrough for more details depositing funds into your new brokerage account.
Step 4: Research Oncolytics Biotech stock
After you have identified the best place to buy Oncolytics Biotech stock, it's crucial to analyze their stock before you buy, so you can understand the risk and opportunity.
Oncolytics Biotech Numbers
Oncolytics Biotech Overview
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on ONCY's stock page.
Is ONCY stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ONCY's intrinsic value.
Using relative valuations ratios:
- ONCY could be undervalued based on its P/B ratio of 3.78x, relative to Biotechnology industry P/B ratio of 5.76x
You can access additional valuation analysis on ONCY's stock here.
ONCY Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ONCY balance sheet.
- Total ONCY debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the ONCY balance sheet.
- ONCY has cash burn of 20923529. It has enough cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- ONCY has $25.67M in cash and short term investments. This is not enough to cover its annual cash burn of $20.92M.
- ONCY has a relatively high debt to equity ratio of 0.41.
Is ONCY stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give ratings on ONCY, the consensus analyst rating on Oncolytics Biotech is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Oncolytics Biotech stock forecast page.
ONCY Momentum
Are ONCY executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at ONCY have not bought or sold any shares.
Research more about who owns ONCY shares here.
Can I rely on ONCY as an income stream?
No, Oncolytics Biotech doesn't provide an income stream by paying out dividends.
What others are saying about ONCY
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your ONCY trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - 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 particular dollar amount, use a limit order.
Click the Open button and your broker will place the order.
If you require more info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your ONCY position
Now that you own some ONCY stock, you'll want to keep up with your investment.
Start a watchlist to get alerted to the latest events about your ONCY stock.
ONCY Feed
How to Buy Stock in Oncolytics Biotech
To summarize, here are the 6 steps you need to take to buy Oncolytics Biotech stock right now:
- Choose where to buy Oncolytics Biotech stock
- Open a brokerage account
- Fund your brokerage account
- Research Oncolytics Biotech stock
- Place your ONCY trade
- Get the latest news on your ONCY position
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Oncolytics Biotech, click the button below.
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