How to Buy Soligenix Stock
Soligenix Inc
Soligenix, Inc. , a late-stage biopharmaceutical company, focuses on developing and commercializing products to treat rare diseases in the United States.
Soligenix stock last closed at $0.42, down 2.81% from the previous day, and has decreased 68.08% in one year. It has underperformed other stocks in the Biotechnology industry by 0.46 percentage points. Soligenix stock is currently +12.16% from its 52-week low of $0.37, and -90.12% from its 52-week high of $4.20.
As of Apr 26, 2024, there are 10.52M shares of SNGX outstanding. The market capitalization of SNGX is $4.37M. In the last 24 hours, 266,770 SNGX shares were traded.
How to Buy Soligenix Stock
Wondering how to invest in Soligenix stock? Here's how.
- Decide where to buy Soligenix stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Soligenix stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your payment method and add your info.
- Evaluate Soligenix stock: The Soligenix ticker symbol is SNGX. Is Soligenix stock a good investment? Should you buy shares of SNGX? How do SNGX's underlying business fundamentals look? Do top analysts think Soligenix is a good buy? Why has SNGX's stock price moved recently? (Hint: Our stock market research tools can help you figure out if SNGX is a good stock to buy).
- Execute your SNGX buy order: Decide if you will purchase SNGX shares at the current market price or use a limit order to purchase SNGX stock at a particular price.
- Get the latest scoop on your investment in SNGX: Create a watchlist to the latest updates on your position in Soligenix shares.
Step 1: Decide where to buy Soligenix stock
You will need an online brokerage account in order to access the NASDAQ market and buy SNGX stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal information so you are able to invest in SNGX stock today.
How to Set Up a New Investment 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 details to start a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've finished signing up on a good stock buying app, you can securely and quickly fund your account:
Check out the tutorial below to see the process of transferring funds into your new investment account.
Step 4: Evaluate Soligenix stock
After you have selected the best place to buy Soligenix stock, it's absolutely critical to evaluate their stock before you buy, so you actually wrap your head around the risk as well as the upside.
Soligenix stock quick numbers
SNGX Overview
WallStreetZen was built to help part-time investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on SNGX's stock page.
How is SNGX stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge SNGX's true value.
Using relative valuations measures:
- SNGX may be undervalued based on its P/B ratio of 1.73x, relative to Biotechnology industry P/B ratio of 5.85x
You can access additional valuation research on SNGX's stock here.
SNGX Financial Overview
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the SNGX balance sheet.
- SNGX has $8.45M in cash and short term investments. This is sufficient to cover its annual cash burn of $8.60M.
- There are more short-term assets than short-term liabilities on the SNGX balance sheet.
Failed Financial Due Diligence Checks:
- Total SNGX debt is higher than 5 years ago, relative to shareholder equity.
- SNGX has cash burn of 8604109. It does not have enough cash and short-term investments to cover this.
- SNGX has a relatively high debt to equity ratio of 2.88.
- SNGX profit margin has gone up by 7.23 percentage points in the past year, but the company is still unprofitable.
You can dive deeper into what analysts are projecting on the Soligenix stock forecast page.
SNGX Technical Indicators
How is SNGX performing as a company?
Last year, SNGX revenue was $839.36k. In the last 5 year, SNGX's revenue has gone up by -30.67% per year. This was slower than the Biotechnology industry average of 28.56%.
Learn more about SNGX's earnings and revenue performance here.
Who is buying/selling SNGX?
Over the last year, insiders at SNGX have not bought or sold any shares.
Dig into more about who owns SNGX shares here.
Can I rely on SNGX as an income stream?
No, Soligenix doesn't provide an income stream by paying out dividends.
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Step 5: Execute your SNGX buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open button and your broker will place the order.
If you need additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in SNGX
Now that you own some SNGX shares, you'll want to stay up-to-date on your new investment.
Create a watchlist to track the latest developments regarding your SNGX stock.
SNGX Feed
How to Buy Stock in Soligenix
To summarize, here are the 6 steps you need to take to buy Soligenix stock right now:
- Decide where to buy Soligenix stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Evaluate Soligenix stock
- Execute your SNGX buy order
- Get the latest scoop on your investment in SNGX
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your new investment in Soligenix, add SNGX to your watchlist below.
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