How to Buy Pyrophyte Acquisition Stock
Pyrophyte Acquisition Corp
Pyrophyte Acquisition is a shell company located in Texas, United States, which is part of the Industrials sector, and is traded under the ticker PHYT on the NYSE exchange.
Pyrophyte Acquisition stock last closed at $11.36, down 0.18% from the previous day, and has increased 7.68% in one year. It has overperformed other stocks in the Shell Companies industry by 0.04 percentage points. Pyrophyte Acquisition stock is currently +7.68% from its 52-week low of $10.55, and -0.35% from its 52-week high of $11.40.
At the moment, there are 14.01M shares of PHYT outstanding. The market cap of PHYT is $159.10M. In the past 24 hours, 119 PHYT shares were traded.
How to Buy Pyrophyte Acquisition Stock
Wondering how to invest in Pyrophyte Acquisition stock? Here's how.
- Figure out where to buy Pyrophyte Acquisition stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Pyrophyte Acquisition stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your details.
- Research Pyrophyte Acquisition stock: The Pyrophyte Acquisition ticker symbol is PHYT. Is Pyrophyte Acquisition stock a good investment? Should you buy shares of PHYT? How do PHYT's underlying business fundamentals look? Do top analysts think Pyrophyte Acquisition is a good buy? Why has PHYT's stock price moved recently? (Hint: Our stock research tools can help you understand if PHYT is a good stock to buy).
- Place your PHYT trade: Decide if you will purchase PHYT shares at the current market price or use a limit order to purchase PHYT shares at a specific price.
- Track your investment in PHYT: Create a watchlist to watch your position in Pyrophyte Acquisition shares.
Step 1: Figure out where to buy Pyrophyte Acquisition stock
You need an online brokerage account in order to access the NYSE market and buy PHYT shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best online 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.
- Access to world markets: From Technology to Energy, New York to Tokyo — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to invest in PHYT 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.
- Provide your personal info to open a new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on one of the best stock apps, you can securely and quickly fund your account:
Watch the tutorial below to see the process of transferring money into your new investment account.
Step 4: Research Pyrophyte Acquisition stock
Once you have decided on the best place to buy Pyrophyte Acquisition stock, it's critical to research their stock before you invest, so you truly wrap your head around the risk as well as the upside.
Pyrophyte Acquisition Numbers
PHYT Due Diligence Checks
WallStreetZen was built to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on PHYT's stock page.
Is PHYT stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PHYT's intrinsic value.
Using relative valuations metrics:
- PHYT could be overvalued based on its P/E ratio of 35.5x, relative to Shell Companies industry P/E ratio of 8.9x
You can do additional valuation analysis on PHYT's stock here.
PHYT Financial Health Overview
Failed Health Checks:
- PHYT debt to equity ratio of -1.01 is negative.
- PHYT has $1.93k in cash and short term investments. This is not sufficient to cover its annual cash burn of $470.20k.
- There are more long-term liabilities than short-term assets on the PHYT balance sheet.
- PHYT has cash burn of 470197. It does not have enough cash and short-term investments to cover this.
- Total PHYT debt is still negative.
- There are more short-term liabilities than short-term assets on the PHYT balance sheet.
PHYT Momentum
How is PHYT performing as a company?
Last year, PHYT earnings were $6.36M. During the last one years, PHYT's earnings have gone up by -45.76% per year. This was slower than the Shell Companies industry average of 33.37%.
Find out more about PHYT's earnings and revenue performance here.
Latest Insiders Trades at PHYT
Over the last 12 months, executives and large shareholders at PHYT have not bought or sold any shares.
Learn more about who owns PHYT stock here.
Can I get consistent income from PHYT stock?
No, Pyrophyte Acquisition doesn't provide an income stream by paying out dividends.
What others are saying about PHYT
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your PHYT trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Click the Open button and your broker will execute the order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Track your investment in PHYT
Now that you own some PHYT stock, you'll want to keep up with your new investment.
Create a watchlist to get notified of the latest news about your PHYT stock.
PHYT Feed
How to Buy Stock in Pyrophyte Acquisition
To summarize, here are the 6 steps to buy stock in Pyrophyte Acquisition:
- Figure out where to buy Pyrophyte Acquisition stock
- Sign up for your brokerage account
- Put funds into your investment account
- Research Pyrophyte Acquisition stock
- Place your PHYT trade
- Track your investment in PHYT
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Pyrophyte Acquisition, add PHYT to your watchlist by clicking the button below.
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