How to Buy Opthea Stock
Opthea Ltd
Opthea Limited, a clinical stage biopharmaceutical company, develops and commercializes therapies primarily for eye disease in Australia.
Opthea stock last closed at $3.29, down 1.65% from the previous day, and has decreased 18.51% in one year. It has overperformed other stocks in the Biotechnology industry by 0.03 percentage points. Opthea stock is currently +105.31% from its 52-week low of $1.60, and -25.34% from its 52-week high of $4.40.
There are currently 467.16M shares of OPT outstanding. The market capitalization of OPT is $191.83M. In the past 24 hours, 1352 OPT shares were traded.
How to Buy Opthea Stock
Wondering how to invest in Opthea stock? Here's how.
- Figure out where to buy Opthea stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Opthea stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your details.
- Research Opthea stock: The Opthea ticker symbol is OPT. Is Opthea stock a good investment? Should you buy shares of OPT? How do OPT's underlying business fundamentals look? Do top analysts think Opthea is a good buy? Why has OPT's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if OPT is a good stock to buy).
- Place your OPT purchase: Decide if you will purchase OPT shares at the current market price or use a limit order to buy OPT stock at a specific price.
- Get key alerts regarding your OPT position: Create a watchlist to the latest updates on your position in Opthea shares.
Step 1: Figure out where to buy Opthea stock
You need an online brokerage account in order to access the NASDAQ market and buy OPT shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal info so you are able to buy OPT stock today.
How to Set Up 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 info to start your new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on investing apps, you can securely and quickly fund your account:
Watch the video below for more details transferring money into your brokerage account.
Step 4: Research Opthea stock
After you have chosen the best place to buy Opthea stock, it's absolutely critical to analyze their stock before you invest, so you actually wrap your head around the risk and upside.
Opthea Metrics
Opthea Zen Score
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on OPT's stock page.
Is OPT stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge OPT's intrinsic value.
You can access additional valuation analysis on OPT's stock here.
A quick look at OPT Financials
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the OPT balance sheet.
- There are more short-term assets than short-term liabilities on the OPT balance sheet.
Negative Financial Indicators:
- Total OPT debt is still negative.
- OPT has $89.19M in cash and short term investments. This is not sufficient to cover its annual cash burn of $120.63M.
- OPT debt to equity ratio of -17.85 is negative.
- OPT profit margin has gone up by 96.49 percentage points in the past year, but the company is still unprofitable.
- OPT has cash burn of 120630333. It does not have enough cash and short-term investments to cover this.
You can dig deeper into what analysts are projecting on the Opthea stock forecast page.
OPT Momentum
OPT Revenue
Last year, OPT revenue was $385.28k. Over the last 4 year, OPT's revenue has grown by -14.2% per year. This was slower than the Biotechnology industry average of 28.49%.
Dig into OPT's earnings and revenue performance here.
Latest Insiders Trades at OPT
Over the last 12 months, executives and large shareholders at OPT have not bought or sold any shares.
Research more about who owns OPT shares here.
Does OPT stock generate passive income?
No, Opthea doesn't provide an income stream by paying out dividends.
What others are saying about OPT
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your OPT purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
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 make sure you're buying or selling at a specific price limit, place a limit order.
Click the Open button and your broker will place the order.
If you require additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your OPT position
Now that you own some OPT shares, you'll want to stay up-to-date on your investment.
Make a watchlist to track your OPT stock.
OPT Feed
How to Buy Stock in Opthea
To reiterate, here are the 6 steps for buying Opthea stock:
- Figure out where to buy Opthea stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Opthea stock
- Place your OPT purchase
- Get key alerts regarding your OPT position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Opthea, create a watchlist on WallStreetZen today.
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