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How to Buy Syros Pharmaceuticals Stock

Syros Pharmaceuticals Inc

Syros Pharmaceuticals, Inc. , a biopharmaceutical company, focuses on the development of treatments for cancer and monogenic diseases, and building a pipeline of gene control medicines.

Syros Pharmaceuticals stock last closed at $5.84, down 6.56% from the previous day, and has increased 110.83% in one year. It has overperformed other stocks in the Biotechnology industry by 1.17 percentage points. Syros Pharmaceuticals stock is currently +179.43% from its 52-week low of $2.09, and -28.52% from its 52-week high of $8.17.

As of Mar 27, 2024, there are 26.45M SYRS shares outstanding. The market value of SYRS is $154.49M. In the last 24 hours, 431,796 SYRS shares were traded.

How to Buy Syros Pharmaceuticals Stock

Wondering how to invest in Syros Pharmaceuticals stock? Here's how.
  1. Choose where to buy Syros Pharmaceuticals stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Syros Pharmaceuticals stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Choose your payment method and add your information.
  4. Analyze Syros Pharmaceuticals stock: The Syros Pharmaceuticals ticker symbol is SYRS. Is Syros Pharmaceuticals stock a good investment? Should you buy shares of SYRS? How do SYRS's underlying business fundamentals look? Do top analysts think Syros Pharmaceuticals is a good buy? Why has SYRS's stock price moved recently? (Hint: Our stock research tools can help you understand if SYRS is a good stock to buy).
  5. Place your SYRS trade: Decide if you will purchase SYRS shares at the current market price or use a limit order to purchase SYRS shares at a particular price.
  6. Keep an eye on your SYRS position: Create a watchlist to keep tabs on your position in Syros Pharmaceuticals stock.

Step 1: Choose where to buy Syros Pharmaceuticals stock

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

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've chosen the best brokerage, you need to fill out some personal information so you are able to buy SYRS today.

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Step 3: Deposit funds into your brokerage account

Now that you've filled out your info on the best stock app, you can securely and quickly fund your account:

Watch the video below for more details depositing funds into your investment account.

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Step 4: Analyze Syros Pharmaceuticals stock

Once you have identified the best place to buy Syros Pharmaceuticals stock, it's important to analyze their stock before you buy, so you actually comprehend the risk and upside.

Syros Pharmaceuticals shares at a glance

SYRS Price
$5.84
1w %
-7.74%
1y %
110.83%
5y %
-93.3%
P/E
-1.01x
P/B
9.27x
P/S
16.64x
PEG
N/A
Revenue
$9.94M
Earnings
-$164.57M
Fore. Rev. Growth
201.84%
Fore. Earn. Growth
N/A
Market Cap
$154.49M
Next Earnings
May 8, 2024
Next Dividend
N/A

SYRS Zen Score

WallStreetZen was built to help everyday investors do more accurate fundamental analysis quickly.

You can see all of the due diligence checks on SYRS's stock page.

Is SYRS stock properly valued?

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

Using relative valuations ratios:

  • SYRS could be overvalued based on its P/B ratio of 9.27x, relative to Biotechnology industry P/B ratio of 6.2x

You can access more valuation analysis on SYRS's stock here.

A quick look at SYRS Financials

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the SYRS balance sheet.
  • There are more short-term assets than long-term liabilities on the SYRS balance sheet.
  • SYRS has cash burn of 108419000. It has sufficient cash and short-term investments to cover this for at least one year.

Failed Financial Due Diligence Checks:

  • SYRS has $141.65M in cash and short term investments. This is not sufficient to cover its annual cash burn of $108.42M.
  • SYRS has a relatively high debt to equity ratio of 9.09.
  • Total SYRS debt is higher than 5 years ago, relative to shareholder equity.
  • SYRS profit margin has gone down from -636.1% to -1,656.3% in the past year.

Is Syros Pharmaceuticals stock a Buy, Hold, or Sell, according to analysts?

Out of 1 sell side analysts who research SYRS, the consensus analyst rating on SYRS is a Strong Buy

It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are saying on the Syros Pharmaceuticals stock forecast page.

SYRS Technicals

SMA10
6.18
SMA20
6.59
SMA50
6.88
SMA100
5.73
SMA200
4.56
MACD
-0.24
MACD Signal
-0.2
MACD Histogram
-0.04
RSI
33.83
Stochastic %K
29.59
Stochastic %D
29.59
StochRSI %K
43.05
StochRSI %D
48.2

SYRS Revenue

Last year, SYRS revenue was $9.94M. In the past 5 year, SYRS's revenue has increased by 37.12% per year. This was faster than the Biotechnology industry average of 29.77%.

You can research SYRS's earnings and revenue performance here.

Latest Insiders Trades at SYRS

In the last 12 months, executives and large shareholders at SYRS have bought more shares than they have sold.

Srinivas Akkaraju, Director of SYRS, was the latest SYRS insider to buy. They bought $3,999,998.34 worth of SYRS stock on Dec 21, 2023.

Get more info about who owns SYRS stock here.

Can I rely on SYRS as an income stream?

No, Syros Pharmaceuticals doesn't provide an income stream by paying out dividends.

What others are saying about SYRS

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Step 5: Place your SYRS trade

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally sufficient.
  • Limit order: A limit order enables 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 specific price, use a limit order.

Click the Open button and eToro will place the order.

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Open eToro Account

Step 6: Keep an eye on your SYRS position

Now that you own some SYRS shares, you'll want to keep up with your new investment.

Create a watchlist to get the latest updates about your SYRS stock.

SYRS Feed

How to Buy Stock in Syros Pharmaceuticals

To summarize, here are the 6 steps you need to take to buy Syros Pharmaceuticals stock right now:

  1. Choose where to buy Syros Pharmaceuticals stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Syros Pharmaceuticals stock
  5. Place your SYRS trade
  6. Keep an eye on your SYRS position

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If you would like to monitor your new investment in Syros Pharmaceuticals, create a watchlist today.

NASDAQ: SYRS
$5.84-0.41 (-6.56%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: SYRS
$5.84-0.41 (-6.56%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Syros Pharmaceuticals share?

As of Mar 27, 2024, it costs $5.84 to buy one share of Syros Pharmaceuticals stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.342 shares of SYRS.

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 Syros Pharmaceuticals stock?

According to 1 Wall Street analysts who monitor Syros Pharmaceuticals, their consensus recommendation is to buy Syros Pharmaceuticals stock.

What is the best way to buy Syros Pharmaceuticals stock?

One way to place an order for Syros Pharmaceuticals 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.