How to Buy Purple Biotech Stock
Purple Biotech Ltd
Purple Biotech Ltd. , a clinical-stage company, focuses on developing therapies to overcome tumor immune evasion and drug for cancer patients in the United States.
Purple Biotech stock last closed at $0.46, up 6.22% from the previous day, and has decreased 77.51% in one year. It has underperformed other stocks in the Biotechnology industry by 0.51 percentage points. Purple Biotech stock is currently +52.65% from its 52-week low of $0.30, and -78.03% from its 52-week high of $2.10.
There are currently 198.39M shares of PPBT outstanding. The market value of PPBT is $9.15M. In the last 24 hours, 169,021 PPBT shares were traded.
How to Buy Purple Biotech Stock
Not sure how to invest in Purple Biotech stock? Here's how.
- Figure out where to buy Purple Biotech stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Purple Biotech stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your payment method and add your information.
- Evaluate Purple Biotech stock: The Purple Biotech ticker symbol is PPBT. Is Purple Biotech stock a good investment? Should you buy shares of PPBT? How do PPBT's underlying business fundamentals look? Do top analysts think Purple Biotech is a good buy? Why has PPBT's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if PPBT is a good stock to buy).
- Make your PPBT purchase: Decide if you will purchase PPBT shares at the current market price or use a limit order to buy PPBT stock at a specific price.
- Get the latest scoop on your PPBT position: Create a watchlist to get live updates on your investment in Purple Biotech stock.
Step 1: Figure out where to buy Purple Biotech stock
You need an online brokerage account to access the NASDAQ market and buy PPBT stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
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- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Social investing: eToro has 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 brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you can buy PPBT today.
How to Create 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 create a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock app for beginners, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help transferring money into your new investment account.
Step 4: Evaluate Purple Biotech stock
Once you have identified the best place to buy Purple Biotech stock, it's absolutely critical to evaluate their stock before you invest, so you can comprehend the risk and opportunity.
Overview of key PPBT info
Purple Biotech Fundamentals
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on PPBT's stock page.
Is PPBT stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge PPBT's intrinsic value.
Using relative valuations metrics:
- PPBT may be undervalued based on its P/B ratio of 0.27x, relative to Biotechnology industry P/B ratio of 5.76x
You can do more valuation research on PPBT's stock here.
Is PPBT a healthy company?
Signs that PPBT is financially healthy:
- PPBT has a low debt to equity ratio of 0.29.
- There are more short-term assets than long-term liabilities on the PPBT balance sheet.
- There are more short-term assets than short-term liabilities on the PPBT balance sheet.
- Total PPBT debt is lower than 5 years ago, relative to shareholder equity.
Signs that PPBT is not financially healthy:
- PPBT has cash burn of 19928000. It does not have enough cash and short-term investments to cover this.
- PPBT has $15.41M in cash and short term investments. This is not enough to cover its annual cash burn of $19.93M.
Do Wall Street analysts think it's a good time to buy Purple Biotech stock
Out of 2 Equities analysts who give forecasts on PPBT, the consensus analyst rating on PPBT is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Purple Biotech stock forecast page.
PPBT Technical Indicators
How are PPBT Revenues/Earnings doing?
Last year, PPBT revenue was $0.00. Over the last five year, PPBT's revenue has grown by -100% per year. This was slower than the Biotechnology industry average of 28.98%.
Learn more about PPBT's earnings and revenue performance here.
Latest Insiders Trades at PPBT
Over the past 12 months, insiders at PPBT have not bought or sold any shares.
Learn more about who owns PPBT stock here.
Does PPBT stock generate passive income?
No, Purple Biotech doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your PPBT purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your PPBT position
Now that you own some PPBT shares, you'll want to stay up-to-date on your investment.
Add PPBT to a watchlist to keep track of your PPBT stock.
PPBT Feed
How to Buy Stock in Purple Biotech
To summarize, here are the 6 steps to buy stock in Purple Biotech:
- Figure out where to buy Purple Biotech stock
- Create your brokerage account
- Fund your brokerage account
- Evaluate Purple Biotech stock
- Make your PPBT purchase
- Get the latest scoop on your PPBT position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Purple Biotech, create a watchlist today.
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