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 $2.62, up 1.35% from the previous day, and has decreased 52.45% in one year. It has underperformed other stocks in the Diagnostics & Research industry by 0.5 percentage points. Psychemedics stock is currently +27.18% from its 52-week low of $2.06, and -53.05% from its 52-week high of $5.58.
As of May 1, 2024, there are 5.74M PMD shares outstanding. The market cap of PMD is $15.05M. In the last 24 hours, 1948 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
Based on our research, eToro is the best brokerage. Here's why:
- 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 invest in the stock.
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro now.
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 2.26x, relative to Diagnostics & Research industry P/B ratio of 4.18x
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.
- PMD has cash burn of 1637000. It has enough 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 PMD balance sheet.
- PMD has $1.96M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.64M.
Cons:
- PMD profit margin has gone down from -4.3% to -18.8% 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 0.85.
PMD Trading Indicators
How is PMD performing as a company?
Last year, PMD revenue was $22.10M. During the past 5 year, PMD's revenue has grown by -12.33% per year. This was slower than the Diagnostics & Research industry average of 12.42%.
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 sold more shares than they have bought.
Charles M. Doucot, Executive Vice President of PMD, was the latest PMD insider to sell. They sold $59,182.00 worth of PMD stock on Aug 17, 2023.
Learn more about who owns PMD stock here.
Does PMD stock generate passive income?
No, Psychemedics doesn't provide an income stream by paying out dividends.
PMD Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your PMD trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - 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 given dollar amount limit, use a limit order.
Press the Open button and eToro will place the order.
If you need additional info about investing in stocks on eToro, click the helpful 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 new stock purchase.
Create a watchlist to track 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 require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Psychemedics, add PMD to your watchlist below.
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