How to Buy Spyre Therapeutics Stock
Spyre Therapeutics Inc
Spyre Therapeutics, Inc. , a preclinical stage biotechnology company, focuses on developing therapeutics for patients living with inflammatory bowel disease (IBD).
Spyre Therapeutics stock last closed at $15.23, up 1.4% from the previous day, and has decreased 53.89% in one year. It has overperformed other stocks in the Biotechnology industry by 0.23 percentage points. Spyre Therapeutics stock is currently +39.6% from its 52-week low of $10.91, and -62.39% from its 52-week high of $40.49.
At the moment, there are 60.28M SYRE shares outstanding. The market capitalization of SYRE is $918.00M. In the last 24 hours, 439,457 SYRE shares were traded.
How to Buy Spyre Therapeutics Stock
Wondering how to invest in Spyre Therapeutics stock? Here's how.
- Choose where to buy Spyre Therapeutics stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Spyre Therapeutics stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your info.
- Analyze Spyre Therapeutics stock: The Spyre Therapeutics ticker symbol is SYRE. Is Spyre Therapeutics stock a good investment? Should you buy shares of SYRE? How do SYRE's underlying business fundamentals look? Do top analysts think Spyre Therapeutics is a good buy? Why has SYRE's stock price moved recently? (Hint: Our stock market research tools can help you decide if SYRE is a good stock to buy).
- Make your SYRE buy order: Decide if you will purchase SYRE shares at the current market price or use a limit order to buy SYRE shares at a given price.
- Get notifications regarding your SYRE position: Create a watchlist to important updates regarding your new investment in Spyre Therapeutics shares.
Step 1: Choose where to buy Spyre Therapeutics stock
You will need an online brokerage account to access the NASDAQ market and buy SYRE shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you are able to buy SYRE today.
How to Create a New Brokerage 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 create a new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on the best free stock trading app, you need to deposit funds:
Watch the tutorial below to see the process of transferring funds into your brokerage account.
Step 4: Analyze Spyre Therapeutics stock
Once you have decided on the best place to buy Spyre Therapeutics stock, it's crucial to research their stock before you buy, so you truly understand the risk as well as the opportunity.
Spyre Therapeutics stock at a glance
SYRE Due Diligence Score
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on SYRE's stock page.
Is SYRE stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SYRE's fair value.
Using relative valuations measures:
- SYRE could be undervalued based on its P/B ratio of 1.77x, relative to Biotechnology industry P/B ratio of 4.45x
You can access additional valuation research on SYRE's stock here.
A look at SYRE Cashflows and Balance Sheet
Pros:
- Total SYRE debt is lower than 5 years ago, relative to shareholder equity.
- SYRE has $603.09M in cash and short term investments. This is sufficient to cover its annual cash burn of $157.41M.
- SYRE has cash burn of 157410000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the SYRE balance sheet.
- SYRE has a low debt to equity ratio of 0.18.
- There are more short-term assets than short-term liabilities on the SYRE balance sheet.
Is Spyre Therapeutics stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who give forecasts on SYRE, the consensus analyst rating on Spyre Therapeutics is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Spyre Therapeutics stock forecast page.
Metrics for Advanced SYRE Traders
SYRE Revenue
Last year, SYRE revenue was $0.00. During the past 3 year, SYRE's revenue has increased by -100% per year. This was slower than the Biotechnology industry average of 45.66%.
You can analyze SYRE's earnings and revenue performance here.
Latest Insiders Trades at SYRE
Over the last 12 months, executives and large shareholders at SYRE have sold more shares than they have bought.
Jeffrey W. Albers, Director of SYRE, was the latest SYRE insider to sell. They sold $246,312.10 worth of SYRE shares on Nov 6, 2024.
Learn more about who owns SYRE stock here.
Can I rely on SYRE as an income stream?
No, Spyre Therapeutics doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Make your SYRE buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Press the Open button and your broker will execute the order.
If you want additional info about buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your SYRE position
Now that you own some SYRE shares, you'll want to stay up-to-date on your new investment.
Add SYRE to a watchlist to keep track of your SYRE stock.
SYRE Feed
How to Buy Stock in Spyre Therapeutics
To reiterate, here are the 6 steps to buy Spyre Therapeutics stock:
- Choose where to buy Spyre Therapeutics stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Spyre Therapeutics stock
- Make your SYRE buy order
- Get notifications regarding your SYRE position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your investment in Spyre Therapeutics, get started below.
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