How to Buy Mei Pharma Stock
Mei Pharma Inc
MEI Pharma, Inc. , a late-stage pharmaceutical company, focuses on the development and commercialization of various therapies for the treatment of cancer.
Mei Pharma stock last closed at $1.91, down 2.85% from the previous day, and has decreased 43.32% in one year. It has overperformed other stocks in the Biotechnology industry by 0.34 percentage points. Mei Pharma stock is currently +30.82% from its 52-week low of $1.46, and -53.41% from its 52-week high of $4.10.
There are currently 6.66M shares of MEIP outstanding. The market cap of MEIP is $12.73M. In the past 24 hours, 1828 MEIP shares were traded.
How to Buy Mei Pharma Stock
Wondering how to invest in Mei Pharma stock? Here's how.
- Decide where to buy Mei Pharma 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 Mei Pharma stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your payment method and add your details.
- Evaluate Mei Pharma stock: The Mei Pharma ticker symbol is MEIP. Is Mei Pharma stock a good investment? Should you buy shares of MEIP? How do MEIP's underlying business fundamentals look? Do top analysts think Mei Pharma is a good buy? Why has MEIP's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if MEIP is a good stock to buy).
- Place your MEIP buy order: Decide if you will purchase MEIP shares at the current market price or use a limit order to purchase MEIP stock at a particular price.
- Track your MEIP investment: Create a watchlist to the latest updates on your position in Mei Pharma shares.
Step 1: Decide where to buy Mei Pharma stock
You will need an online brokerage account to access the NASDAQ market and buy MEIP stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you are able to buy MEIP 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.
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Step 3: Fund your brokerage account
Now that you've finished signing up on one of the best stock trading apps, you need to deposit funds:
Watch the tutorial below if you need help transferring funds into your new brokerage account.
Step 4: Evaluate Mei Pharma stock
After you have identified the best place to buy Mei Pharma stock, it's important to analyze their stock before you invest, so you can comprehend the risk and opportunity.
Mei Pharma shares data
MEIP Overview
WallStreetZen was designed to help average investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on MEIP's stock page.
Is MEIP stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge MEIP's fair value.
Using relative valuations metrics:
- MEIP may be undervalued based on its P/B ratio of 0.58x, relative to Biotechnology industry P/B ratio of 4.04x
You can access more valuation analysis on MEIP's stock here.
A quick look at MEIP Financials
Positive Health Checks:
- MEIP has a low debt to equity ratio of 0.1.
- MEIP has $23.74M in cash and short term investments. This is sufficient to cover its annual cash burn of $36.03M.
- There are more short-term assets than short-term liabilities on the MEIP balance sheet.
- Total MEIP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the MEIP balance sheet.
Negative Health Checks:
- MEIP has cash burn of 36033000. It does not have sufficient cash and short-term investments to cover this.
You can dive deeper into what analysts are saying on the Mei Pharma stock forecast page.
MEIP Technicals
MEIP Earnings
Last year, MEIP revenue was $0.00. Over the last 5 year, MEIP's revenue has grown by -100% per year. This was slower than the Biotechnology industry average of 44.31%.
Learn more about MEIP's earnings and revenue performance here.
Latest Insiders Trades at MEIP
Over the last 12 months, insiders at MEIP have bought more shares than they have sold.
Steven D. Wood, Director of MEIP, was the latest MEIP insider to buy. They bought $9,827.00 worth of MEIP stock on May 17, 2024.
Research more about who owns MEIP shares here.
Can I rely on MEIP as an income stream?
No, Mei Pharma doesn't provide an income stream by paying out dividends.
MEIP Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your MEIP buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and eToro will execute your order.
If you require more help with investing in stocks on eToro, click the helpful video below:
Step 6: Track your MEIP investment
Now that you own some shares in MEIP, you'll want to keep up with your new investment.
Add MEIP to a watchlist to track the most important metrics related to your MEIP stock.
MEIP Feed
How to Buy Stock in Mei Pharma
To reiterate, here are the 6 steps you need to take to buy Mei Pharma stock right now:
- Decide where to buy Mei Pharma stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Mei Pharma stock
- Place your MEIP buy order
- Track your MEIP investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Mei Pharma, create a watchlist today.
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