How to Buy Lexaria Bioscience Stock
Lexaria Bioscience Corp
Lexaria Bioscience Corp. operates as a biotechnology company. Its patented drug delivery technology, DehydraTECH, improves the way active pharmaceutical ingredients enter the bloodstream by promoting effective oral delivery.
Lexaria Bioscience stock last closed at $1.59, up 8.9% from the previous day, and has decreased 29.02% in one year. It has overperformed other stocks in the Biotechnology industry by 0.48 percentage points. Lexaria Bioscience stock is currently +38.26% from its 52-week low of $1.15, and -64.19% from its 52-week high of $4.44.
At the moment, there are 17.56M LEXX shares outstanding. The market cap of LEXX is $27.92M. In the past 24 hours, 124,204 LEXX shares were traded.
How to Buy Lexaria Bioscience Stock
Wondering how to invest in Lexaria Bioscience stock? Here's how.
- Decide where to buy Lexaria Bioscience stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Lexaria Bioscience stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Evaluate Lexaria Bioscience stock: The Lexaria Bioscience ticker symbol is LEXX. Is Lexaria Bioscience stock a good investment? Should you buy shares of LEXX? How do LEXX's underlying business fundamentals look? Do top analysts think Lexaria Bioscience is a good buy? Why has LEXX's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if LEXX is a good stock to buy).
- Make your LEXX trade: Decide if you will purchase LEXX shares at the current market price or use a limit order to purchase LEXX stock at a specific price.
- Keep an eye on your LEXX position: Create a watchlist to get the latest news on your position in Lexaria Bioscience stock.
Step 1: Decide where to buy Lexaria Bioscience stock
You need an online brokerage account in order to access the NASDAQ market and buy LEXX shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal info so you can buy LEXX today.
How to Set Up 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 details to start your new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on mobile trading apps, you need to deposit funds:
Watch the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Evaluate Lexaria Bioscience stock
Once you have figured out the best place to buy Lexaria Bioscience stock, it's crucial to analyze their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
Overview of key LEXX info
Lexaria Bioscience Due Diligence Score
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on LEXX's stock page.
Is LEXX stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge LEXX's true value.
Using relative valuations measures:
- LEXX may be undervalued based on its P/B ratio of 3.91x, relative to Biotechnology industry P/B ratio of 4.25x
You can do more valuation analysis on LEXX's stock here.
LEXX Financial Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the LEXX balance sheet.
- There are more short-term assets than long-term liabilities on the LEXX balance sheet.
- LEXX has a low debt to equity ratio of 0.27.
Negative Financial Indicators:
- Total LEXX debt is higher than 5 years ago, relative to shareholder equity.
- LEXX has cash burn of 7449332. It does not have sufficient cash and short-term investments to cover this.
- LEXX profit margin has gone down from -1,344% to -1,784.2% in the past year.
- LEXX has $6.54M in cash and short term investments. This is not enough to cover its annual cash burn of $7.45M.
Is it a good time to buy LEXX stock, according to Wall Street analysts?
Out of 1 Equities analysts who give forecasts on LEXX, the consensus analyst rating on Lexaria Bioscience is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Lexaria Bioscience stock forecast page.
LEXX Technical Indicators
LEXX Growth Numbers
Last year, LEXX revenue was $525.92k. During the last 5 year, LEXX's revenue has gone up by 17.69% per year. This was slower than the Biotechnology industry average of 43.74%.
You can research LEXX's earnings and revenue performance here.
Latest Insiders Trades at LEXX
In the last 12 months, insiders at LEXX have bought more shares than they have sold.
Richard Christopher, Chief Executive Officer of LEXX, was the latest LEXX insider to buy. They bought $67,169.18 worth of LEXX shares on Dec 3, 2024.
Dig into more about who owns LEXX shares here.
Does LEXX provide a stable income stream?
No, Lexaria Bioscience doesn't provide an income stream by paying out dividends.
What others are saying about LEXX
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your LEXX trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open button and eToro will execute the order.
If you need additional help investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your LEXX position
Now that you own some LEXX stock, you'll want to keep up with your stock purchase.
Start a watchlist to monitor your LEXX stock.
LEXX Feed
How to Buy Stock in Lexaria Bioscience
To reiterate, here are the 6 steps to buy stock in Lexaria Bioscience:
- Decide where to buy Lexaria Bioscience stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Evaluate Lexaria Bioscience stock
- Make your LEXX trade
- Keep an eye on your LEXX position
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Lexaria Bioscience, click the button below.
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