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How to Buy Pasithea Therapeutics Stock

Pasithea Therapeutics Corp

Pasithea Therapeutics Corp. , a biotechnology company, engages in research and discovery of treatments for psychiatric and neurological disorders.

Pasithea Therapeutics stock last closed at $5.26, down 7.7% from the previous day, and has decreased 41.56% in one year. It has underperformed other stocks in the Biotechnology industry by 0.19 percentage points. Pasithea Therapeutics stock is currently +0.11% from its 52-week low of $5.25, and -69.77% from its 52-week high of $17.40.

As of Jun 14, 2024, there are 1.04M shares of KTTA outstanding. The market value of KTTA is $5.49M. In the past 24 hours, 3585 KTTA shares were traded.

How to Buy Pasithea Therapeutics Stock

Not sure how to invest in Pasithea Therapeutics stock? Here's how.
  1. Figure out where to buy Pasithea Therapeutics stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Pasithea Therapeutics stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your information.
  4. Evaluate Pasithea Therapeutics stock: The Pasithea Therapeutics ticker symbol is KTTA. Is Pasithea Therapeutics stock a good investment? Should you buy shares of KTTA? How do KTTA's underlying business fundamentals look? Do top analysts think Pasithea Therapeutics is a good buy? Why has KTTA's stock price moved recently? (Hint: Our stock research website can help you understand if KTTA is a good stock to buy).
  5. Place your KTTA trade: Decide if you will purchase KTTA shares at the current market price or use a limit order to purchase KTTA shares at a particular price.
  6. Keep an eye on your investment in KTTA: Create a watchlist to get the latest news on your investment in Pasithea Therapeutics stock.

Step 1: Figure out where to buy Pasithea Therapeutics stock

You need a brokerage account to access the NASDAQ market and buy KTTA stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you can buy KTTA today.

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Step 3: Put funds into your brokerage account

Now that you've created your account on the best stock buying app, your next step is to transfer the money for your investment:

Watch the video below to see the process of depositing money into your brokerage account.

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Step 4: Evaluate Pasithea Therapeutics stock

Once you have figured out the best place to buy Pasithea Therapeutics stock, it's important to research their stock prior to investing, so you truly understand the risk and upside.

Pasithea Therapeutics shares quick numbers

KTTA Price
$5.26
1w %
-6.07%
1y %
-41.56%
5y %
N/A
P/E
-0.38x
P/B
0.28x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$16.28M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$5.49M
Next Earnings
Aug 11, 2024
Next Dividend
N/A

KTTA Zen Score

WallStreetZen was created to help average investors do better fundamental analysis quickly.

You can view all of the due diligence checks on KTTA's stock page.

Is KTTA stock undervalued?

You can use many financial metrics, analyses, models, and charts to gauge KTTA's fair value.

Using relative valuations measures:

  • KTTA may be undervalued based on its P/B ratio of 0.28x, relative to Biotechnology industry P/B ratio of 6.25x

You can do more valuation research on KTTA's stock here.

KTTA Financial Health Summary

Positive Health Checks:

  • KTTA has a low debt to equity ratio of 0.13.
  • There are more short-term assets than long-term liabilities on the KTTA balance sheet.
  • There are more short-term assets than short-term liabilities on the KTTA balance sheet.

Negative Health Checks:

  • KTTA has $12.01M in cash and short term investments. This is not sufficient to cover its annual cash burn of $13.80M.
  • KTTA has cash burn of 13803853. It does not have sufficient cash and short-term investments to cover this.

KTTA Technical Indicators

SMA10
1.11
SMA20
1.1
SMA50
2.35
SMA100
3.82
SMA200
7.03
MACD
-0.19
MACD Signal
-0.42
MACD Histogram
0.23
RSI
62.36
Stochastic %K
46.14
Stochastic %D
26.67
StochRSI %K
67.25
StochRSI %D
48.58

How are KTTA Revenues/Earnings doing?

Last year, KTTA revenue was $0.00. In the past 2 year, KTTA's revenue has increased by -100% per year. This was slower than the Biotechnology industry average of 31.49%.

You can research KTTA's earnings and revenue performance here.

Latest Insiders Trades at KTTA

Over the past year, insiders at KTTA have bought more shares than they have sold.

Alfred J. Novak, Director of KTTA, was the latest KTTA insider to buy. They bought $15,455.00 worth of KTTA stock on Jun 13, 2024.

Learn more about who owns KTTA stock here.

Does KTTA provide a stable income stream?

No, Pasithea Therapeutics doesn't provide an income stream by paying out dividends.

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Step 5: Place your KTTA trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually 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.

Click the Open button and your broker will place the order.

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Step 6: Keep an eye on your investment in KTTA

Now that you own some KTTA stock, you'll want to stay up-to-date on your stock purchase.

Put KTTA on a watchlist to get notified of the latest news about your KTTA stock.

KTTA Feed

How to Buy Stock in Pasithea Therapeutics

To reiterate, here are the 6 steps you need to take to buy Pasithea Therapeutics stock right now:

  1. Figure out where to buy Pasithea Therapeutics stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Pasithea Therapeutics stock
  5. Place your KTTA trade
  6. Keep an eye on your investment in KTTA

If you are looking for a brokerage account, eToro is our recommended venue.

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If you would like to get notifications regarding your investment in Pasithea Therapeutics, create a watchlist on WallStreetZen today.

NASDAQ: KTTA
$5.26-0.44 (-7.7%)
Updated Jun 14, 2024
Open eToro Account
NASDAQ: KTTA
$5.26-0.44 (-7.7%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Pasithea Therapeutics share?

As of Jun 14, 2024, it costs $5.26 to buy one share of Pasithea Therapeutics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.38 shares of KTTA.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Pasithea Therapeutics stock?

One way to place an order for Pasithea Therapeutics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.