How to Buy Virax Biolabs Group Stock
Virax Biolabs Group Ltd
Virax Biolabs Group Limited, a biotechnology company, sells, distributes, and markets diagnostics test kits, and med-tech and PPE products for the prevention, detection, diagnosis, and risk management of viral diseases in the field of immunology.
Virax Biolabs Group stock last closed at $0.59, down 2.8% from the previous day, and has decreased 76.59% in one year. It has underperformed other stocks in the Biotechnology industry by 0.47 percentage points. Virax Biolabs Group stock is currently +13.46% from its 52-week low of $0.52, and -81.56% from its 52-week high of $3.20.
There are currently 4.34M VRAX shares outstanding. The market capitalization of VRAX is $2.56M. In the past 24 hours, 60,600 VRAX shares were traded.
How to Buy Virax Biolabs Group Stock
Not sure how to invest in Virax Biolabs Group stock? Here's how.
- Decide where to buy Virax Biolabs Group stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Virax Biolabs Group stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your details.
- Evaluate Virax Biolabs Group stock: The Virax Biolabs Group ticker symbol is VRAX. Is Virax Biolabs Group stock a good investment? Should you buy shares of VRAX? How do VRAX's underlying business fundamentals look? Do top analysts think Virax Biolabs Group is a good buy? Why has VRAX's stock price moved recently? (Hint: Our stock research website can help you decide if VRAX is a good stock to buy).
- Execute your VRAX buy order: Decide if you will purchase VRAX shares at the current market price or use a limit order to buy VRAX shares at a particular price.
- Keep an eye on your VRAX position: Create a watchlist to get the latest news on your investment in Virax Biolabs Group stock.
Step 1: Decide where to buy Virax Biolabs Group stock
You will need a brokerage account in order to access the NASDAQ market and buy VRAX stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you are able to invest in VRAX stock today.
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- Enter your personal info to start your new brokerage account.
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Step 3: Put funds into your brokerage account
Now that you have created your account on the best stock app for beginners, your next step is to transfer the money for your investment:
Check out this video walkthrough if you need help depositing funds into your investment account.
Step 4: Evaluate Virax Biolabs Group stock
After you have chosen the best place to buy Virax Biolabs Group stock, it's important to research their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Virax Biolabs Group Numbers
VRAX Overview
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on VRAX's stock page.
Is VRAX stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge VRAX's fair value.
Using relative valuations ratios:
- VRAX may be undervalued based on its P/B ratio of 0.45x, relative to Biotechnology industry P/B ratio of 4.91x
You can do additional valuation research on VRAX's stock here.
A quick look at VRAX Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the VRAX balance sheet.
- VRAX has a low debt to equity ratio of 0.17.
- There are more short-term assets than long-term liabilities on the VRAX balance sheet.
- Total VRAX debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- VRAX has cash burn of 5167466. It does not have sufficient cash and short-term investments to cover this.
- VRAX profit margin has gone down from -4,304.8% to -95,739.2% in the past year.
- VRAX has $4.23M in cash and short term investments. This is not enough to cover its annual cash burn of $5.17M.
You can dive deeper into what analysts are saying on the Virax Biolabs Group stock forecast page.
Metrics for Advanced VRAX Traders
VRAX Earnings
Last year, VRAX revenue was $6.33k. In the past 5 year, VRAX's revenue has increased by -42.4% per year. This was slower than the Biotechnology industry average of 67.91%.
Learn more about VRAX's earnings and revenue performance here.
Latest Insiders Trades at VRAX
Over the last 12 months, insiders at VRAX have not bought or sold any shares.
Dig into more about who owns VRAX shares here.
Can I rely on VRAX as an income stream?
No, Virax Biolabs Group doesn't provide an income stream by paying out dividends.
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Step 5: Execute your VRAX buy order
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 fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open button and your broker will place the order.
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Step 6: Keep an eye on your VRAX position
Now that you own some VRAX stock, you'll want to stay up-to-date on your investment.
Start a watchlist to get alerted to the latest events about your VRAX stock.
VRAX Feed
How to Buy Stock in Virax Biolabs Group
To reiterate, here are the 6 steps you need to take to buy Virax Biolabs Group stock right now:
- Decide where to buy Virax Biolabs Group stock
- Open your brokerage account
- Put funds into your brokerage account
- Evaluate Virax Biolabs Group stock
- Execute your VRAX buy order
- Keep an eye on your VRAX position
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Virax Biolabs Group, add VRAX to your watchlist below.
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