How to Buy Turnstone Biologics Stock
Turnstone Biologics Corp
Turnstone Biologics Corp. , a clinical stage biotechnology company, focuses on developing medicines to treat and cure patients with solid tumors.
Turnstone Biologics stock last closed at $2.87, down 11.69% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Biotechnology industry by N/A percentage points. Turnstone Biologics stock is currently +76.62% from its 52-week low of $1.63, and -78.26% from its 52-week high of $13.20.
As of May 9, 2024, there are 23.1M TSBX shares outstanding. The market capitalization of TSBX is $66.30M. In the past 24 hours, 142,107 TSBX shares were traded.
How to Buy Turnstone Biologics Stock
Wondering how to invest in Turnstone Biologics stock? Here's how.
- Choose where to buy Turnstone Biologics stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Turnstone Biologics stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your information.
- Analyze Turnstone Biologics stock: The Turnstone Biologics ticker symbol is TSBX. Is Turnstone Biologics stock a good investment? Should you buy shares of TSBX? How do TSBX's underlying business fundamentals look? Do top analysts think Turnstone Biologics is a good buy? Why has TSBX's stock price moved recently? (Hint: Our stock analysis website can help you understand if TSBX is a good stock to buy).
- Place your TSBX purchase: Decide if you will purchase TSBX shares at the current market price or use a limit order to buy TSBX shares at a particular price.
- Monitor your TSBX position: Create a watchlist to watch your position in Turnstone Biologics shares.
Step 1: Choose where to buy Turnstone Biologics stock
You will need an online brokerage account in order to access the NASDAQ market and buy TSBX stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you are able to invest in TSBX stock today.
How to Set Up 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 info to start your new brokerage account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on one of the best stock apps, your next step is to transfer the money for your investment:
Watch the video below if you need help depositing money into your investment account.
Step 4: Analyze Turnstone Biologics stock
After you have selected the best place to buy Turnstone Biologics stock, it's critical to research their stock prior to buying, so you can comprehend the risk and upside.
Overview of key TSBX info
TSBX Overview
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on TSBX's stock page.
Is TSBX stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge TSBX's intrinsic value.
Using relative valuations methods:
- TSBX could be undervalued based on its P/B ratio of 0.67x, relative to Biotechnology industry P/B ratio of 5.97x
You can access more valuation research on TSBX's stock here.
TSBX Financial Health Overview
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the TSBX balance sheet.
- There are more short-term assets than short-term liabilities on the TSBX balance sheet.
- TSBX has $94.89M in cash and short term investments. This is sufficient to cover its annual cash burn of $66.95M.
- TSBX has a low debt to equity ratio of 0.14.
- TSBX has cash burn of 66949000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- TSBX profit margin has gone down from -42.3% to -286.1% in the past year.
TSBX Trading Indicators
TSBX Growth Metrics
Last year, TSBX revenue was $19.31M. Over the past 2 year, TSBX's revenue has gone up by -56.34% per year. This was slower than the Biotechnology industry average of 31.71%.
Learn more about TSBX's earnings and revenue performance here.
Are TSBX executives and large shareholders buying or selling the stock?
In the past 12 months, executives and large shareholders at TSBX have bought more shares than they have sold.
Davis Jerel, Director of TSBX, was the latest TSBX insider to buy. They bought $71,268.00 worth of TSBX stock on Jul 25, 2023.
Learn more about who owns TSBX stock here.
Can I get consistent income from TSBX stock?
No, Turnstone Biologics doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your TSBX purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you 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 specific price limit, place a limit order.
Hit the Open button and eToro will execute the order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Monitor your TSBX position
Now that you own some TSBX shares, you'll want to keep up with your new company.
Create a watchlist to track the latest developments regarding your TSBX stock.
TSBX Feed
How to Buy Stock in Turnstone Biologics
To reiterate, here are the 6 steps for buying Turnstone Biologics stock:
- Choose where to buy Turnstone Biologics stock
- Create a brokerage account
- Deposit money your investment account
- Analyze Turnstone Biologics stock
- Place your TSBX purchase
- Monitor your TSBX position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Turnstone Biologics, get started below.
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