How to Buy Xortx Therapeutics Stock
Xortx Therapeutics Inc
XORTX Therapeutics Inc. , a bio-pharmaceutical company, engages in the development and commercialization of therapies to treat progressive kidney diseases, diabetes, insulin resistance, metabolic syndrome, diabetes, diabetic nephropathy, and infection.
Xortx Therapeutics stock last closed at $2.94, down 2% from the previous day, and has decreased 51.62% in one year. It has underperformed other stocks in the Biotechnology industry by 0.28 percentage points. Xortx Therapeutics stock is currently +48.48% from its 52-week low of $1.98, and -60.93% from its 52-week high of $7.52.
There are currently 2M XRTX shares outstanding. The market value of XRTX is $5.88M. In the past 24 hours, 8303 XRTX shares were traded.
How to Buy Xortx Therapeutics Stock
Not sure how to invest in Xortx Therapeutics stock? Here's how.
- Decide where to buy Xortx 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 determine where to buy Xortx Therapeutics stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your method of payment and add your info.
- Research Xortx Therapeutics stock: The Xortx Therapeutics ticker symbol is XRTX. Is Xortx Therapeutics stock a good investment? Should you buy shares of XRTX? How do XRTX's underlying business fundamentals look? Do top analysts think Xortx Therapeutics is a good buy? Why has XRTX's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if XRTX is a good stock to buy).
- Execute your XRTX purchase: Decide if you will purchase XRTX shares at the current market price or use a limit order to purchase XRTX shares at a particular price.
- Watch your XRTX position: Create a watchlist to keep tabs on your investment in Xortx Therapeutics shares.
Step 1: Decide where to buy Xortx Therapeutics stock
You need an online brokerage account in order to access the NASDAQ market and buy XRTX shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to buy XRTX today.
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Step 3: Deposit funds into your investment account
Now that you've finished signing up on stock market app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of depositing funds into your investment account.
Step 4: Research Xortx Therapeutics stock
Once you have selected the best place to buy Xortx Therapeutics stock, it's important to evaluate their stock prior to buying, so you truly understand the risk as well as the opportunity.
Overview of key XRTX info
XRTX Fundamentals
WallStreetZen was created to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on XRTX's stock page.
How is XRTX stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge XRTX's true value.
Using relative valuations ratios:
- XRTX could be undervalued based on its P/B ratio of 1.33x, relative to Biotechnology industry P/B ratio of 5.93x
You can access more valuation research on XRTX's stock here.
XRTX Financial Health Summary
Signs that XRTX is financially healthy:
- XRTX has a low debt to equity ratio of 0.09.
- There are more short-term assets than long-term liabilities on the XRTX balance sheet.
- There are more short-term assets than short-term liabilities on the XRTX balance sheet.
Signs that XRTX is not financially healthy:
- XRTX has cash burn of 7574142. It does not have enough cash and short-term investments to cover this.
- XRTX has $3.67M in cash and short term investments. This is not sufficient to cover its annual cash burn of $7.57M.
Do Wall Street analysts think it's a good time to buy XRTX stock
Out of 1 Equities analysts who give forecasts on XRTX, the consensus analyst rating on XRTX is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Xortx Therapeutics stock forecast page.
XRTX Technicals
Are XRTX executives and large shareholders buying or selling the stock?
Over the past year, insiders at XRTX have not bought or sold any shares.
Research more about who owns XRTX shares here.
Does XRTX stock generate passive income?
No, Xortx Therapeutics doesn't provide an income stream by paying out dividends.
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Step 5: Execute your XRTX purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and your broker will place your order.
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Step 6: Watch your XRTX position
Now that you own some XRTX stock, you'll want to keep up with your new company.
Start a watchlist to keep tabs on your XRTX stock.
XRTX Feed
How to Buy Stock in Xortx Therapeutics
To summarize, here are the 6 steps to buy stock in Xortx Therapeutics:
- Decide where to buy Xortx Therapeutics stock
- Open a brokerage account
- Deposit funds into your investment account
- Research Xortx Therapeutics stock
- Execute your XRTX purchase
- Watch your XRTX position
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Xortx Therapeutics, create a watchlist on WallStreetZen today.
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