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 $3.74, up 4.29% from the previous day, and has increased 36.15% in one year. It has overperformed other stocks in the Biotechnology industry by 0.69 percentage points. Opthea stock is currently +109.16% from its 52-week low of $1.79, and -31.3% from its 52-week high of $5.45.
There are currently 1.09B shares of OPT outstanding. The market capitalization of OPT is $510.81M. In the past 24 hours, 6794 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 Due Diligence 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:
- OPT has cash burn of 161048843. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the OPT balance sheet.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the OPT balance sheet.
- OPT has $172.47M in cash and short term investments. This is not sufficient to cover its annual cash burn of $161.05M.
- Total OPT debt is still negative.
- OPT profit margin has gone down from -36,992% to -84,107.1% in the past year.
- OPT debt to equity ratio of -3.49 is negative.
Do Wall Street analysts think it's a good time to buy OPT stock
Out of 1 Wall Street analysts who track OPT, the consensus analyst rating on Opthea is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Opthea stock forecast page.
Metrics for Advanced OPT Traders
OPT Performance Metrics
Last year, OPT revenue was $261.86k. In the past five year, OPT's revenue has grown by -18.1% per year. This was slower than the Biotechnology industry average of 59.71%.
Dive into OPT's earnings and revenue performance here.
Latest Insiders Trades at OPT
In the past 12 months, insiders at OPT have not bought or sold any shares.
Learn more about who owns OPT shares here.
Does OPT provide a stable income stream?
No, Opthea doesn't provide an income stream by paying out dividends.
What do other traders have to say about OPT?
One of the primary 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 OPT purchase
You have two primary types of orders:
- 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 sufficient. - Limit order: A limit order lets you 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 dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more info about 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 new investment.
Start a watchlist to keep tabs on 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 need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Opthea, hit the button below to create your watchlist.
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