How to Buy Soleno Therapeutics Stock
Soleno Therapeutics Inc
Soleno Therapeutics, Inc. , a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases.
Soleno Therapeutics stock last closed at $37.89, up 1.47% from the previous day, and has increased 988.79% in one year. It has overperformed other stocks in the Biotechnology industry by 10.11 percentage points. Soleno Therapeutics stock is currently +1,019.68% from its 52-week low of $3.38, and -29.6% from its 52-week high of $53.82.
As of Apr 26, 2024, there are 32.46M SLNO shares outstanding. The market value of SLNO is $1.23B. In the last 24 hours, 138,607 SLNO shares were traded.
How to Buy Soleno Therapeutics Stock
Not sure how to invest in Soleno Therapeutics stock? Here's how.
- Figure out where to buy Soleno Therapeutics stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Soleno Therapeutics stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Analyze Soleno Therapeutics stock: The Soleno Therapeutics ticker symbol is SLNO. Is Soleno Therapeutics stock a good investment? Should you buy shares of SLNO? How do SLNO's underlying business fundamentals look? Do top analysts think Soleno Therapeutics is a good buy? Why has SLNO's stock price moved recently? (Hint: Our stock market analysis website can help you understand if SLNO is a good stock to buy).
- Execute your SLNO buy order: Decide if you will purchase SLNO shares at the current market price or use a limit order to buy SLNO shares at a particular price.
- Monitor your SLNO position: Create a watchlist to get the latest news on your position in Soleno Therapeutics shares.
Step 1: Figure out where to buy Soleno Therapeutics stock
You need a brokerage account to access the NASDAQ market and buy SLNO stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you can invest in SLNO 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.
- Input your personal info to open your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the best stock market app for beginners, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing money into your investment account.
Step 4: Analyze Soleno Therapeutics stock
After you have identified the best place to buy Soleno Therapeutics stock, it's absolutely critical to analyze their stock prior to investing, so you truly understand the risk as well as the upside.
Soleno Therapeutics stock data
Soleno Therapeutics Due Diligence Checks
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on SLNO's stock page.
Is SLNO stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SLNO's true value.
Using relative valuations ratios:
- SLNO could be overvalued based on its P/B ratio of 7.81x, relative to Biotechnology industry P/B ratio of 5.85x
You can access more valuation analysis on SLNO's stock here.
How do SLNO Financials look?
Passed Health Checks:
- SLNO has $169.68M in cash and short term investments. This is sufficient to cover its annual cash burn of $24.94M.
- Total SLNO debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the SLNO balance sheet.
- SLNO has a low debt to equity ratio of 0.15.
- There are more short-term assets than long-term liabilities on the SLNO balance sheet.
- SLNO has cash burn of 24940000. It has sufficient cash and short-term investments to cover this for at least one year.
Do analysts think it's a good time to buy SLNO stock
Out of 4 sell side analysts who monitor SLNO, the consensus analyst rating on SLNO is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Soleno Therapeutics stock forecast page.
SLNO Momentum
Who is buying/selling SLNO?
In the last 12 months, executives and large shareholders at SLNO have bought more shares than they have sold.
Bhatnagar Anish, CHIEF EXECUTIVE OFFICER of SLNO, was the latest SLNO insider to sell. They sold $316,544.20 worth of SLNO stock on Apr 1, 2024.
Dig into more about who owns SLNO shares here.
Does SLNO provide a stable income stream?
No, Soleno Therapeutics doesn't provide an income stream by paying out dividends.
What others are saying about SLNO
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your SLNO buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you need more help buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your SLNO position
Now that you own some shares in SLNO, you'll want to keep up with your new investment.
Put SLNO on a watchlist to get notified of important updates regarding your SLNO stock.
SLNO Feed
How to Buy Stock in Soleno Therapeutics
To reiterate, here are the 6 steps to buy Soleno Therapeutics stock:
- Figure out where to buy Soleno Therapeutics stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Soleno Therapeutics stock
- Execute your SLNO buy order
- Monitor your SLNO position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Soleno Therapeutics, get started below.
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