How to Buy Prime Medicine Stock
Prime Medicine Inc
Prime Medicine, Inc. , a biotechnology company, delivers genetic therapies to address diseases by deploying gene editing technology.
Prime Medicine stock last closed at $4.70, down 2.08% from the previous day, and has decreased 64.09% in one year. It has underperformed other stocks in the Biotechnology industry by 0.4 percentage points. Prime Medicine stock is currently +8.29% from its 52-week low of $4.34, and -72.67% from its 52-week high of $17.20.
As of Apr 24, 2024, there are 119.94M PRME shares outstanding. The market cap of PRME is $563.71M. In the last 24 hours, 521,573 PRME shares were traded.
How to Buy Prime Medicine Stock
Wondering how to invest in Prime Medicine stock? Here's how.
- Choose where to buy Prime Medicine stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Prime Medicine stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your details.
- Research Prime Medicine stock: The Prime Medicine ticker symbol is PRME. Is Prime Medicine stock a good investment? Should you buy shares of PRME? How do PRME's underlying business fundamentals look? Do top analysts think Prime Medicine is a good buy? Why has PRME's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if PRME is a good stock to buy).
- Execute your PRME purchase: Decide if you will purchase PRME shares at the current market price or use a limit order to buy PRME stock at a particular price.
- Watch your investment in PRME: Create a watchlist to keep track of your investment in Prime Medicine stock.
Step 1: Choose where to buy Prime Medicine stock
You will need a brokerage account in order to access the NASDAQ market and buy PRME stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal information so you can invest in PRME stock 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 details to start a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on the best free stock trading app, you need to deposit funds:
Watch this video walkthrough if you need help depositing funds into your investment account.
Step 4: Research Prime Medicine stock
Once you have decided on the best place to buy Prime Medicine stock, it's critical to research their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Prime Medicine quick stats
PRME Fundamentals
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on PRME's stock page.
Is PRME stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge PRME's fair value.
Using relative valuations ratios:
- PRME may be undervalued based on its P/B ratio of 4.24x, relative to Biotechnology industry P/B ratio of 5.86x
You can do additional valuation analysis on PRME's stock here.
PRME Financial Overview
Signs that PRME is financially healthy:
- There are more short-term assets than long-term liabilities on the PRME balance sheet.
- There are more short-term assets than short-term liabilities on the PRME balance sheet.
Signs that PRME is not financially healthy:
- PRME has $135.16M in cash and short term investments. This is not sufficient to cover its annual cash burn of $174.14M.
- PRME has a relatively high debt to equity ratio of 0.46.
- PRME has cash burn of 174136000. It does not have enough cash and short-term investments to cover this.
Do analysts think it's a good time to buy PRME stock
Out of 5 Wall Street analysts who research PRME, the consensus analyst rating on PRME is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Prime Medicine stock forecast page.
PRME Momentum
PRME Earnings
Last year, PRME revenue was $0.00. In the last 3 year, PRME's revenue has grown by -100% per year. This was slower than the Biotechnology industry average of 28.91%.
Learn more about PRME's earnings and revenue performance here.
Latest Insiders Trades at PRME
In the past 12 months, insiders at PRME have bought more shares than they have sold.
Arch Venture Partners Xii LLC, 10% Owner of PRME, was the latest PRME insider to buy. They bought $20,000,000.00 worth of PRME stock on Feb 15, 2024.
Dig into more about who owns PRME shares here.
Can I get consistent income from PRME stock?
No, Prime Medicine doesn't provide an income stream by paying out dividends.
What others are saying about PRME
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your PRME purchase
There are two primary options:
- 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 fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price limit, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in PRME
Now that you own some PRME stock, you'll want to keep up with your new shares.
Make a watchlist to keep track of your PRME stock.
PRME Feed
How to Buy Stock in Prime Medicine
To summarize, here are the 6 steps you need to take to buy Prime Medicine stock right now:
- Choose where to buy Prime Medicine stock
- Create your brokerage account
- Deposit money your investment account
- Research Prime Medicine stock
- Execute your PRME purchase
- Watch your investment in PRME
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Prime Medicine, add PRME to your watchlist by clicking the button below.
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