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 $0.69, down 1.43% from the previous day, and has decreased 85% in one year. It has underperformed other stocks in the Biotechnology industry by 0.63 percentage points. Virax Biolabs Group stock is currently +12.56% from its 52-week low of $0.61, and -87.33% from its 52-week high of $5.45.
There are currently 1.81M VRAX shares outstanding. The market capitalization of VRAX is $1.25M. In the past 24 hours, 3036 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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- 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.
- 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 0.2x, relative to Biotechnology industry P/B ratio of 5.85x
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 0.15.
- There are more short-term assets than long-term liabilities on the VRAX balance sheet.
Failed Financial Due Diligence Checks:
- VRAX has cash burn of 6049112. It does not have sufficient cash and short-term investments to cover this.
- VRAX has $5.11M in cash and short term investments. This is not enough to cover its annual cash burn of $6.05M.
- VRAX profit margin has gone up by 364.09 percentage points in the past year, but the company is still unprofitable.
You can dig deeper into what analysts are forecasting on the Virax Biolabs Group stock forecast page.
VRAX Momentum
VRAX Revenue
Last year, VRAX revenue was $79.30k. Over the past 2 year, VRAX's revenue has grown by -15.02% per year. This was slower than the Biotechnology industry average of 28.56%.
You can analyze VRAX's earnings and revenue performance here.
Are VRAX insiders buying or selling the stock?
Over the last year, insiders at VRAX have not bought or sold any shares.
Get more info about who owns VRAX stock here.
Can I rely on VRAX as an income stream?
No, Virax Biolabs Group doesn't provide an income stream by paying out dividends.
What others are saying about VRAX
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your VRAX buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will execute 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 keep up with your new shares.
Start a watchlist to track the latest developments regarding your VRAX stock.
VRAX Feed
How to Buy Stock in Virax Biolabs Group
To summarize, here are the 6 steps for buying Virax Biolabs Group stock:
- 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 need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Virax Biolabs Group, get started below.
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