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How to Buy Sonnet Biotherapeutics Holdings Stock

Sonnet Biotherapeutics Holdings Inc

Sonnet BioTherapeutics Holdings, Inc. , a clinical stage oncology-focused biotechnology company, develops platform for biologic medicines of single or bispecific action.

Sonnet Biotherapeutics Holdings stock last closed at $1.86, down 8.37% from the previous day, and has decreased 75.82% in one year. It has underperformed other stocks in the Biotechnology industry by 0.71 percentage points. Sonnet Biotherapeutics Holdings stock is currently +72.22% from its 52-week low of $1.08, and -92.95% from its 52-week high of $26.40.

At the moment, there are 3.07M shares of SONN outstanding. The market value of SONN is $5.71M. In the last 24 hours, 70,350 SONN shares were traded.

How to Buy Sonnet Biotherapeutics Holdings Stock

Not sure how to invest in Sonnet Biotherapeutics Holdings stock? Here's how.
  1. Decide where to buy Sonnet Biotherapeutics Holdings stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Sonnet Biotherapeutics Holdings stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Pick your method of payment and add your information.
  4. Research Sonnet Biotherapeutics Holdings stock: The Sonnet Biotherapeutics Holdings ticker symbol is SONN. Is Sonnet Biotherapeutics Holdings stock a good investment? Should you buy shares of SONN? How do SONN's underlying business fundamentals look? Do top analysts think Sonnet Biotherapeutics Holdings is a good buy? Why has SONN's stock price moved recently? (Hint: Our stock research tools can help you decide if SONN is a good stock to buy).
  5. Place your SONN purchase: Decide if you will purchase SONN shares at the current market price or use a limit order to purchase SONN stock at a particular price.
  6. Get the latest news on your SONN investment: Create a watchlist to keep tabs on your position in Sonnet Biotherapeutics Holdings stock.

Step 1: Decide where to buy Sonnet Biotherapeutics Holdings stock

You need an online brokerage account in order to access the NASDAQ market and buy SONN stock.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked your brokerage, it's time to fill out some personal info so you are able to buy SONN stock today.

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Step 3: Fund your brokerage account

Now that you have opened your account on the best stock buying app, you need to deposit funds:

Check out the walkthrough below for more details depositing money into your new investment account.

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Step 4: Research Sonnet Biotherapeutics Holdings stock

Once you have identified the best place to buy Sonnet Biotherapeutics Holdings stock, it's critical to evaluate their stock before you invest, so you truly comprehend the risk and opportunity.

Sonnet Biotherapeutics Holdings quick stats

SONN Price
$1.86
1w %
-13.08%
1y %
-75.82%
5y %
-99.99%
P/E
-0.19x
P/B
2.22x
P/S
54.71x
PEG
N/A
Revenue
$129.18k
Earnings
-$14.46M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$5.71M
Next Earnings
May 8, 2024
Next Dividend
N/A

Sonnet Biotherapeutics Holdings Fundamentals

WallStreetZen was created to help part-time investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on SONN's stock page.

Is SONN stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge SONN's true value.

Using relative valuations metrics:

  • SONN may be undervalued based on its P/B ratio of 2.22x, relative to Biotechnology industry P/B ratio of 6.21x

You can do additional valuation research on SONN's stock here.

How do SONN Financials look?

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the SONN balance sheet.
  • There are more short-term assets than short-term liabilities on the SONN balance sheet.
  • Total SONN debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • SONN has a relatively high debt to equity ratio of 1.08.
  • SONN has cash burn of 18518409. It does not have sufficient cash and short-term investments to cover this.
  • SONN profit margin has gone up by 0.98 percentage points in the past year, but the company is still unprofitable.
  • SONN has $3.02M in cash and short term investments. This is not enough to cover its annual cash burn of $18.52M.

Do analysts think it's a good time to buy SONN stock

Out of 2 sell side analysts who track SONN, the consensus analyst rating on Sonnet Biotherapeutics Holdings is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are saying on the Sonnet Biotherapeutics Holdings stock forecast page.

Metrics for Advanced SONN Traders

SMA10
2.08
SMA20
1.97
SMA50
1.72
SMA100
1.59
SMA200
4.08
MACD
0.08
MACD Signal
0.1
MACD Histogram
-0.02
RSI
47.66
Stochastic %K
47.1
Stochastic %D
56.05
StochRSI %K
29.36
StochRSI %D
41.8

SONN Revenue

Last year, SONN revenue was $129.18k. Over the last five year, SONN's revenue has grown by -66.53% per year. This was slower than the Biotechnology industry average of 29.51%.

Dig into SONN's earnings and revenue performance here.

Are SONN executives and large shareholders buying or selling the stock?

In the last year, insiders at SONN have bought more shares than they have sold.

Susan Dexter, Chief Technical Officer of SONN, was the latest SONN insider to buy. They bought $7,000.00 worth of SONN shares on Jun 14, 2023.

Learn more about who owns SONN stock here.

Can I rely on SONN as an income stream?

No, Sonnet Biotherapeutics Holdings doesn't provide an income stream by paying out dividends.

What others are saying about SONN

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your SONN purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally fine.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price, place a limit order.

Press the Open button and your broker will place your order.

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Step 6: Get the latest news on your SONN investment

Now that you own some SONN shares, you'll want to stay up-to-date on your new shares.

Add SONN to a watchlist to track the latest developments regarding your SONN stock.

SONN Feed

How to Buy Stock in Sonnet Biotherapeutics Holdings

To summarize, here are the 6 steps to buy Sonnet Biotherapeutics Holdings stock:

  1. Decide where to buy Sonnet Biotherapeutics Holdings stock
  2. Open a brokerage account
  3. Fund your brokerage account
  4. Research Sonnet Biotherapeutics Holdings stock
  5. Place your SONN purchase
  6. Get the latest news on your SONN investment

If you are looking for a online brokerage, eToro is our favorite venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Sonnet Biotherapeutics Holdings, add SONN to your watchlist below.

NASDAQ: SONN
$1.86-0.17 (-8.37%)
Updated Mar 28, 2024
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NASDAQ: SONN
$1.86-0.17 (-8.37%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sonnet Biotherapeutics Holdings share?

As of Mar 28, 2024, it costs $1.86 to buy one share of Sonnet Biotherapeutics Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.93, you can buy 0.5 shares of SONN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Sonnet Biotherapeutics Holdings stock?

According to 2 Wall Street analysts who monitor Sonnet Biotherapeutics Holdings, their consensus recommendation is to buy Sonnet Biotherapeutics Holdings stock.

What is the best way to buy Sonnet Biotherapeutics Holdings stock?

One way to place an order for Sonnet Biotherapeutics Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.