How to Buy Psychemedics Stock
Psychemedics Corp
Psychemedics Corporation provides testing services for the detection of drugs of abuse through the analysis of hair samples in the United States, Brazil, and internationally.
Psychemedics stock last closed at $2.31, down 0.22% from the previous day, and has decreased 18.37% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.42 percentage points. Psychemedics stock is currently +41.72% from its 52-week low of $1.63, and -41.22% from its 52-week high of $3.93.
As of Oct 14, 2024, there are 5.82M PMD shares outstanding. The market cap of PMD is $13.45M. In the last 24 hours, 19,269 PMD shares were traded.
How to Buy Psychemedics Stock
Not sure how to invest in Psychemedics stock? Here's how.
- Decide where to buy Psychemedics stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Psychemedics stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your payment method and add your details.
- Analyze Psychemedics stock: The Psychemedics ticker symbol is PMD. Is Psychemedics stock a good investment? Should you buy shares of PMD? How do PMD's underlying business fundamentals look? Do top analysts think Psychemedics is a good buy? Why has PMD's stock price moved recently? (Hint: Our stock market analysis website can help you understand if PMD is a good stock to buy).
- Make your PMD trade: Decide if you will purchase PMD shares at the current market price or use a limit order to purchase PMD stock at a particular price.
- Keep tabs on your PMD investment: Create a watchlist to get the latest news on your position in Psychemedics shares.
Step 1: Decide where to buy Psychemedics stock
You need a brokerage account in order to access the NASDAQ market and buy PMD shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you are able to invest in PMD 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.
- Enter your personal data to start a new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on the best stock market app, you can securely and quickly fund your account:
Check out the tutorial below to see the process of transferring money into your brokerage account.
Step 4: Analyze Psychemedics stock
Once you have chosen the best place to buy Psychemedics stock, it's important to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.
Psychemedics Numbers
PMD Due Diligence Checks
WallStreetZen was designed to help part-time investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on PMD's stock page.
Is PMD stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PMD's intrinsic value.
Using relative valuations metrics:
- PMD may be undervalued based on its P/B ratio of 2.34x, relative to Diagnostics & Research industry P/B ratio of 4.58x
You can do more valuation research on PMD's stock here.
A quick look at PMD Financials
Pros:
- There are more short-term assets than short-term liabilities on the PMD balance sheet.
- There are more short-term assets than long-term liabilities on the PMD balance sheet.
- PMD has cash burn of 756000. It has enough cash and short-term investments to cover this for at least one year.
Cons:
- PMD profit margin has gone down from -8% to -21.9% in the past year.
- Total PMD debt is higher than 5 years ago, relative to shareholder equity.
- PMD has a relatively high debt to equity ratio of 0.76.
- PMD has $1.43M in cash and short term investments. This is not sufficient to cover its annual cash burn of $756.00k.
PMD Trading Indicators
How is PMD performing as a company?
Last year, PMD revenue was $20.79M. During the past 5 year, PMD's revenue has grown by -12.3% per year. This was slower than the Diagnostics & Research industry average of 10.27%.
You can analyze PMD's earnings and revenue performance here.
Latest Insiders Trades at PMD
Over the last year, executives and large shareholders at PMD have not bought or sold any shares.
Learn more about who owns PMD shares here.
Does PMD provide a stable income stream?
No, Psychemedics doesn't provide an income stream by paying out dividends.
What do other traders have to say about PMD?
One of the primary 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: Make your PMD trade
There are two primary 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 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 certain you're buying or selling at a particular dollar amount limit, place a limit order.
Click the Open button and eToro will place the order.
If you want more info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your PMD investment
Now that you own some PMD stock, you'll want to keep up with your stock purchase.
Make a watchlist to monitor your PMD stock.
PMD Feed
How to Buy Stock in Psychemedics
To reiterate, here are the 6 steps for buying Psychemedics stock:
- Decide where to buy Psychemedics stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze Psychemedics stock
- Make your PMD trade
- Keep tabs on your PMD investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your investment in Psychemedics, click the button below.
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