How to Buy Tourmaline Bio Stock
Tourmaline Bio Inc
Tourmaline Bio, Inc. operates as a clinical biotechnology company that develops medicines for patients with life-altering immune diseases.
Tourmaline Bio stock last closed at $16.26, down 3.53% from the previous day, and has increased 4.87% in one year. It has overperformed other stocks in the Biotechnology industry by 0.82 percentage points. Tourmaline Bio stock is currently +40.61% from its 52-week low of $11.56, and -45.43% from its 52-week high of $29.79.
There are currently 25.69M shares of TRML outstanding. The market value of TRML is $417.52M. In the past 24 hours, 251,157 TRML shares were traded.
How to Buy Tourmaline Bio Stock
Wondering how to invest in Tourmaline Bio stock? Here's how.
- Choose where to buy Tourmaline Bio stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Tourmaline Bio stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your details.
- Analyze Tourmaline Bio stock: The Tourmaline Bio ticker symbol is TRML. Is Tourmaline Bio stock a good investment? Should you buy shares of TRML? How do TRML's underlying business fundamentals look? Do top analysts think Tourmaline Bio is a good buy? Why has TRML's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if TRML is a good stock to buy).
- Execute your TRML buy order: Decide if you will purchase TRML shares at the current market price or use a limit order to buy TRML shares at a given price.
- Get the latest news on your investment in TRML: Create a watchlist to track your position in Tourmaline Bio stock.
Step 1: Choose where to buy Tourmaline Bio stock
You need an online brokerage account to access the NASDAQ market and buy TRML shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Financial Services, New York to Hong Kong (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal info so you are able to invest in TRML today.
How to Create a New Investment 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.
- Provide your personal data to create a new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best stock app, you need to deposit funds:
Check out the video below for more details transferring funds into your new investment account.
Step 4: Analyze Tourmaline Bio stock
Once you have identified the best place to buy Tourmaline Bio stock, it's very important to analyze their stock prior to investing, so you can comprehend the risk and upside.
Tourmaline Bio Numbers
TRML Due Diligence Score
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on TRML's stock page.
What is the fair value of TRML stock?
You can use many financial metrics, analyses, models, and charts to gauge TRML's intrinsic value.
Using relative valuations metrics:
- TRML could be undervalued based on its P/B ratio of 1.39x, relative to Biotechnology industry P/B ratio of 4.37x
You can do additional valuation analysis on TRML's stock here.
How do TRML Financials look?
Positive Health Checks:
- TRML has cash burn of 77272000. It has enough 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 TRML balance sheet.
- There are more short-term assets than long-term liabilities on the TRML balance sheet.
- Total TRML debt is lower than 5 years ago, relative to shareholder equity.
- TRML has a low debt to equity ratio of 0.03.
- TRML has $258.53M in cash and short term investments. This is sufficient to cover its annual cash burn of $77.27M.
Do Wall Street analysts think it's a good time to buy TRML stock
Out of 6 sell side analysts who track TRML, the consensus analyst rating on TRML is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest TRML Analyst Ratings
Etzer Darout, a top 14% analyst from BMO Capital initiates coverage on TRML with a buy rating and announces their TRML price target of $50.00, on Dec 6, 2024.
You can dive deeper into what analysts are projecting on the Tourmaline Bio stock forecast page.
TRML Momentum
What are TRML executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at TRML have bought more shares than they have sold.
Sandeep Chidambar Kulkarni, CEO of TRML, was the latest TRML insider to buy. They bought $26,418.15 worth of TRML shares on Aug 21, 2024.
Get more info about who owns TRML stock here.
Does TRML stock generate passive income?
No, Tourmaline Bio doesn't provide an income stream by paying out dividends.
What do other investors have to say about TRML?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your TRML buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the best for newer investors. - 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 certain you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you want more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in TRML
Now that you own some shares in TRML, you'll want to keep up with your new investment.
Make a watchlist to get alerted to the latest events about your TRML stock.
TRML Feed
How to Buy Stock in Tourmaline Bio
To summarize, here are the 6 steps for buying Tourmaline Bio stock:
- Choose where to buy Tourmaline Bio stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Analyze Tourmaline Bio stock
- Execute your TRML buy order
- Get the latest news on your investment in TRML
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Tourmaline Bio, click below.
More Articles You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation 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.