How to Buy Tenax Therapeutics Stock
Tenax Therapeutics Inc
Tenax Therapeutics, Inc. , a specialty pharmaceutical company, engages in identifying, developing, and commercializing products for cardiovascular and pulmonary diseases in the United States and Canada.
Tenax Therapeutics stock last closed at $0.63, up 13.21% from the previous day, and has decreased 94.99% in one year. It has underperformed other stocks in the Biotechnology industry by 0.71 percentage points. Tenax Therapeutics stock is currently +40.27% from its 52-week low of $0.45, and -96.27% from its 52-week high of $17.00.
As of Mar 21, 2023, there are 2.23M shares of TENX outstanding. The market cap of TENX is $1.42M. In the past 24 hours, 5.57M TENX shares were traded.
How to Buy Tenax Therapeutics Stock
Wondering how to invest in Tenax Therapeutics stock? Here's how.
- Decide where to buy Tenax Therapeutics stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Tenax Therapeutics stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Research Tenax Therapeutics stock: The Tenax Therapeutics ticker symbol is TENX. Is Tenax Therapeutics stock a good investment? Should you buy shares of TENX? How do TENX's underlying business fundamentals look? Do top analysts think Tenax Therapeutics is a good buy? Why has TENX's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if TENX is a good stock to buy).
- Place your TENX purchase: Decide if you will purchase TENX shares at the current market price or use a limit order to buy TENX shares at a specific price.
- Get updates on your TENX position: Create a watchlist to key updates about your investment in Tenax Therapeutics stock.
Step 1: Decide where to buy Tenax Therapeutics stock
You need an online brokerage account to access the NASDAQ market and buy TENX stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to buy TENX today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal info to open your new trading account.
- Submit your details by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've created your account on the best stock market app, you can securely and quickly fund your account:
Watch this video walkthrough if you need help depositing funds into your brokerage account.
Step 4: Research Tenax Therapeutics stock
Once you have selected the best place to buy Tenax Therapeutics stock, it's crucial to evaluate their stock before you buy, so you actually understand the risk and upside.
Tenax Therapeutics Numbers
Tenax Therapeutics Due Diligence Checks
WallStreetZen was created to help part-time investors do more accurate fundamental analysis.
You can see all of the due diligence checks on TENX's stock page.
What is the fair value of TENX stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge TENX's true value.
Using relative valuations metrics:
- TENX could be undervalued based on its P/B ratio of 0.36x, relative to Biotechnology industry P/B ratio of 4.85x
You can access additional valuation analysis on TENX's stock here.
TENX Financial Summary
Signs that TENX is financially healthy:
- TENX has a low debt to equity ratio of 0.2.
- There are more short-term assets than short-term liabilities on the TENX balance sheet.
- There are more short-term assets than long-term liabilities on the TENX balance sheet.
Signs that TENX is not financially healthy:
- TENX has cash burn of 12476267. It does not have sufficient cash and short-term investments to cover this.
- Total TENX debt is higher than 5 years ago, relative to shareholder equity.
- TENX has $3.81M in cash and short term investments. This is not enough to cover its annual cash burn of $12.48M.
Is it a good time to buy Tenax Therapeutics stock, according to analysts?
Out of 1 sell side analysts who give recommendations on TENX, the consensus analyst rating on Tenax Therapeutics is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest TENX Analyst Forecasts
Jonathan Aschoff, a bottom 11% analyst from Roth MKM initiates coverage on TENX with a strong buy rating and announces their TENX price target of $6.00, on Mar 7, 2023.
You can dive deeper into what analysts are projecting on the Tenax Therapeutics stock forecast page.
TENX Trading Indicators
Are TENX insiders buying or selling the stock?
In the last year, insiders at TENX have not bought or sold any shares.
Research more about who owns TENX stock here.
Does TENX provide a stable income stream?
No, Tenax Therapeutics doesn't provide an income stream by paying out dividends.
What do other traders have to say about TENX?
One of the major 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 TENX purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Click the Open button and eToro will execute your order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your TENX position
Now that you own some TENX stock, you'll want to stay up-to-date on your new company.
Put TENX on a watchlist to get the latest updates about your TENX stock.
TENX Feed
How to Buy Stock in Tenax Therapeutics
To reiterate, here are the 6 steps you need to take to buy Tenax Therapeutics stock right now:
- Decide where to buy Tenax Therapeutics stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Research Tenax Therapeutics stock
- Place your TENX purchase
- Get updates on your TENX position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your investment in Tenax Therapeutics, click below.
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