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How to Buy Profound Medical Stock

Profound Medical Corp

Profound Medical Corp. , together with its subsidiaries, operates as a commercial-stage medical device company that develops magnetic resonance guided ablation procedures for treatment of prostate disease, uterine fibroids, and palliative pain treatment in Canada, Germany, the United States, and Finland.

Profound Medical stock last closed at $8.28, up 1.6% from the previous day, and has decreased 9.41% in one year. It has underperformed other stocks in the Medical Devices industry by 0.04 percentage points. Profound Medical stock is currently +16.46% from its 52-week low of $7.11, and -46.55% from its 52-week high of $15.49.

At the moment, there are 21.37M PROF shares outstanding. The market capitalization of PROF is $176.95M. In the last 24 hours, 34,051 PROF shares were traded.

How to Buy Profound Medical Stock

Not sure how to invest in Profound Medical stock? Here's how.
  1. Decide where to buy Profound Medical stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Profound Medical stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Choose your payment method and add your info.
  4. Research Profound Medical stock: The Profound Medical ticker symbol is PROF. Is Profound Medical stock a good investment? Should you buy shares of PROF? How do PROF's underlying business fundamentals look? Do top analysts think Profound Medical is a good buy? Why has PROF's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if PROF is a good stock to buy).
  5. Execute your PROF purchase: Decide if you will purchase PROF shares at the current market price or use a limit order to purchase PROF stock at a particular price.
  6. Keep an eye on your PROF investment: Create a watchlist to monitor your investment in Profound Medical stock.

Step 1: Decide where to buy Profound Medical stock

You need a brokerage account in order to access the NASDAQ market and buy PROF stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal info so you can buy PROF today.

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Step 3: Deposit funds into your brokerage account

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Step 4: Research Profound Medical stock

After you have figured out the best place to buy Profound Medical stock, it's absolutely critical to research their stock before you buy, so you truly comprehend the risk as well as the opportunity.

Profound Medical Metrics

PROF Price
$8.28
1w %
-1.08%
1y %
-9.41%
5y %
N/A
P/E
-8.34x
P/B
7.72x
P/S
33.39x
PEG
N/A
Revenue
$5.29M
Earnings
-$24.54M
Fore. Rev. Growth
113.07%
Fore. Earn. Growth
N/A
Market Cap
$176.95M
Next Earnings
May 8, 2024
Next Dividend
N/A

Fundamentals of Profound Medical

WallStreetZen was built to help average investors perform better fundamental analysis.

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

What is the fair value of PROF stock?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge PROF's fair value.

Using relative valuations methods:

  • PROF could be overvalued based on its P/B ratio of 7.72x, relative to Medical Devices industry P/B ratio of 4.1x

You can access more valuation analysis on PROF's stock here.

PROF Financial Health

Positive Health Checks:

  • PROF has cash burn of 16394852. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the PROF balance sheet.
  • There are more short-term assets than short-term liabilities on the PROF balance sheet.
  • Total PROF debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • PROF has $19.27M in cash and short term investments. This is not sufficient to cover its annual cash burn of $16.39M.
  • PROF profit margin has gone down from -248.1% to -463.6% in the past year.
  • PROF has a relatively high debt to equity ratio of 0.41.

Is Profound Medical stock a Buy, Hold, or Sell, according to analysts?

Out of 2 sell side analysts who monitor PROF, the consensus analyst rating on Profound Medical is a Buy

Please note that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Profound Medical stock forecast page.

PROF Technical Indicators

SMA10
8.3
SMA20
8.49
SMA50
8.49
SMA100
8.89
SMA200
9.7
MACD
-0.1
MACD Signal
-0.07
MACD Histogram
-0.02
RSI
47.13
Stochastic %K
45.05
Stochastic %D
44.32
StochRSI %K
36.88
StochRSI %D
29.34

PROF Revenue

Last year, PROF revenue was $5.29M. In the past five year, PROF's revenue has increased by 22.94% per year. This was faster than the Medical Devices industry average of 13.08%.

Learn more about PROF's earnings and revenue performance here.

Latest Insiders Trades at PROF

Over the past 12 months, insiders at PROF have not bought or sold any shares.

Dig into more about who owns PROF shares here.

Does PROF stock generate passive income?

No, Profound Medical doesn't provide an income stream by paying out dividends.

What others are saying about PROF

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Step 5: Execute your PROF purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally fine.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price limit, place a limit order.

Press the Open Trade button and your broker will place the order.

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Step 6: Keep an eye on your PROF investment

Now that you own some PROF shares, you'll want to keep up with your investment.

Make a watchlist to keep track of your PROF stock.

PROF Feed

How to Buy Stock in Profound Medical

To reiterate, here are the 6 steps for buying Profound Medical stock:

  1. Decide where to buy Profound Medical stock
  2. Create your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Profound Medical stock
  5. Execute your PROF purchase
  6. Keep an eye on your PROF investment

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If you want to watch your investment in Profound Medical, get started below.

NASDAQ: PROF
$8.28+0.13 (+1.6%)
Updated Mar 27, 2024
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NASDAQ: PROF
$8.28+0.13 (+1.6%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Profound Medical share?

As of Mar 27, 2024, it costs $8.28 to buy one share of Profound Medical stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.483 shares of PROF.

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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.

Is now a good time to buy Profound Medical stock?

According to 2 Wall Street analysts who monitor Profound Medical, their consensus recommendation is to buy Profound Medical stock.

What is the best way to buy Profound Medical stock?

One way to place an order for Profound Medical 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.