How to Buy Summit Therapeutics Stock
Summit Therapeutics Inc
Summit Therapeutics Inc. , a biopharmaceutical company, discovers, develops, and commercializes medicines to treat infectious diseases in the United States and Latin America.
Summit Therapeutics stock last closed at $4.39, up 8.13% from the previous day, and has increased 167.68% in one year. It has overperformed other stocks in the Biotechnology industry by 1.86 percentage points. Summit Therapeutics stock is currently +192.67% from its 52-week low of $1.50, and -15.9% from its 52-week high of $5.22.
There are currently 701.98M SMMT shares outstanding. The market capitalization of SMMT is $3.08B. In the past 24 hours, 1.86M SMMT shares were traded.
How to Buy Summit Therapeutics Stock
Wondering how to invest in Summit Therapeutics stock? Here's how.
- Decide where to buy Summit Therapeutics stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Summit Therapeutics stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your details.
- Evaluate Summit Therapeutics stock: The Summit Therapeutics ticker symbol is SMMT. Is Summit Therapeutics stock a good investment? Should you buy shares of SMMT? How do SMMT's underlying business fundamentals look? Do top analysts think Summit Therapeutics is a good buy? Why has SMMT's stock price moved recently? (Hint: Our stock market research website can help you figure out if SMMT is a good stock to buy).
- Place your SMMT buy order: Decide if you will purchase SMMT shares at the current market price or use a limit order to buy SMMT stock at a specific price.
- Get the latest news on your SMMT investment: Create a watchlist to watch your investment in Summit Therapeutics shares.
Step 1: Decide where to buy Summit Therapeutics stock
You will need a brokerage account to access the NASDAQ market and buy SMMT shares.
Our preferred brokerage: eToro
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- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can invest in SMMT stock today.
How to Start 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 details to start your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on stock market apps, you can securely and quickly fund your account:
Watch the video below if you need help transferring money into your new brokerage account.
Step 4: Evaluate Summit Therapeutics stock
After you have chosen the best place to buy Summit Therapeutics stock, it's absolutely critical to research their stock prior to investing, so you truly understand the risk and opportunity.
Summit Therapeutics Metrics
Summit Therapeutics Due Diligence Checks
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can see all of the due diligence checks on SMMT's stock page.
What is the fair value of SMMT stock?
Investors use many financial metrics, analyses, models, and charts to gauge SMMT's fair value.
Using relative valuations metrics:
- SMMT could be overvalued based on its P/B ratio of 69.71x, relative to Biotechnology industry P/B ratio of 6.01x
You can access more valuation analysis on SMMT's stock here.
SMMT Financial Health
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the SMMT balance sheet.
- SMMT has cash burn of 93616000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the SMMT balance sheet.
Failed Financial Due Diligence Checks:
- SMMT has a relatively high debt to equity ratio of 3.
- SMMT has $157.00M in cash and short term investments. This is not enough to cover its annual cash burn of $93.62M.
Is it a good time to buy SMMT stock, according to Wall Street analysts?
Out of 1 sell side analysts who track SMMT, the consensus analyst rating on SMMT is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Summit Therapeutics stock forecast page.
Metrics for Advanced SMMT Traders
How is SMMT performing as a company?
Last year, SMMT revenue was $0.00. During the last 3 year, SMMT's revenue has gone up by -100% per year. This was slower than the Biotechnology industry average of 29.63%.
Find out more about SMMT's earnings and revenue performance here.
What are SMMT executives and large shareholders up to?
In the last 12 months, insiders at SMMT have bought more shares than they have sold.
Mahkam Zanganeh, Chief Executive Officer of SMMT, was the latest SMMT insider to buy. They bought $74,200.00 worth of SMMT shares on Mar 27, 2024.
Dig into more about who owns SMMT shares here.
Does SMMT stock generate passive income?
No, Summit Therapeutics doesn't provide an income stream by paying out dividends.
What do other traders have to say about SMMT?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your SMMT buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the best for newer 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 be sure you're buying or selling at an exact price limit, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your SMMT investment
Now that you own some SMMT stock, you'll want to stay up-to-date on your new company.
Add SMMT to a watchlist to get notified of important updates regarding your SMMT stock.
SMMT Feed
How to Buy Stock in Summit Therapeutics
To reiterate, here are the 6 steps for buying Summit Therapeutics stock:
- Decide where to buy Summit Therapeutics stock
- Create your brokerage account
- Fund your brokerage account
- Evaluate Summit Therapeutics stock
- Place your SMMT buy order
- Get the latest news on your SMMT investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your investment in Summit Therapeutics, click the button below.
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