How to buy 9 Meters Biopharma stock - 02 March

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How to buy 9 Meters Biopharma stock

Own 9 Meters Biopharma stock in just a few minutes.

Fact checked

9 Meters Biopharma, Inc is a business based in the US. 9 Meters Biopharma shares (INNT) are listed on the NASDAQ and all prices are listed in US Dollars. 9 Meters Biopharma employs 8 staff and has a market cap (total outstanding shares value) of USD$23.1 million.

How to buy shares in 9 Meters Biopharma

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for 9 Meters Biopharma. Find the stock by name or ticker symbol: INNT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until 9 Meters Biopharma reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of 9 Meters Biopharma, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of 9 Meters Biopharma. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

9 Meters Biopharma share price

Use our graph to track the performance of INNT stocks over time.

9 Meters Biopharma shares at a glance

Information last updated 2021-01-23.
52-week rangeUSD$0.37 - USD$0.87
50-day moving average USD$0.7269
200-day moving average USD$0.6081
Wall St. target priceUSD$10
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.491

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy 9 Meters Biopharma stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

9 Meters Biopharma financials

Gross profit TTM USD$0
Return on assets TTM -193.21%
Return on equity TTM 0%
Profit margin 0%
Book value $0.14
Market capitalisation USD$23.1 million

TTM: trailing 12 months

Shorting 9 Meters Biopharma shares

There are currently 2.2 million 9 Meters Biopharma shares held short by investors – that's known as 9 Meters Biopharma's "short interest". This figure is 1.7% down from 2.2 million last month.

There are a few different ways that this level of interest in shorting 9 Meters Biopharma shares can be evaluated.

9 Meters Biopharma's "short interest ratio" (SIR)

9 Meters Biopharma's "short interest ratio" (SIR) is the quantity of 9 Meters Biopharma shares currently shorted divided by the average quantity of 9 Meters Biopharma shares traded daily (recently around 519741.86602871). 9 Meters Biopharma's SIR currently stands at 4.18. In other words for every 100,000 9 Meters Biopharma shares traded daily on the market, roughly 4180 shares are currently held short.

However 9 Meters Biopharma's short interest can also be evaluated against the total number of 9 Meters Biopharma shares, or, against the total number of tradable 9 Meters Biopharma shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case 9 Meters Biopharma's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 9 Meters Biopharma shares in existence, roughly 30 shares are currently held short) or 0.027% of the tradable shares (for every 100,000 tradable 9 Meters Biopharma shares, roughly 27 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against 9 Meters Biopharma.

Find out more about how you can short 9 Meters Biopharma stock.

9 Meters Biopharma share dividends

We're not expecting 9 Meters Biopharma to pay a dividend over the next 12 months.

Have 9 Meters Biopharma's shares ever split?

9 Meters Biopharma's shares were split on a 1:10 basis on 1 February 2018. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your 9 Meters Biopharma shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for 9 Meters Biopharma shares which in turn could have impacted 9 Meters Biopharma's share price.

9 Meters Biopharma share price volatility

Over the last 12 months, 9 Meters Biopharma's shares have ranged in value from as little as $0.37 up to $0.87. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while 9 Meters Biopharma's is -0.5435. This would suggest that 9 Meters Biopharma's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, 9 Meters Biopharma has bucked the trend.

9 Meters Biopharma overview

9 Meters Biopharma, Inc. operates as a rare, orphan, and unmet needs-focused GI company. The company is advancing its drug candidates for short bowel syndrome and celiac disease. Its product candidates include NM-002, a proprietary long-acting GLP-1 agonist into Phase 2 trial for short bowel syndrome; and larazotide, a Phase 3 tight junction regulator being evaluated for patient-reported symptom improvement in non-responsive celiac disease. The company's pipeline products also includes NM-004, an oral gut restricted immunomodulator and NM-003, a long-acting GLP-2 analogue, both of which are under orphan indication selection. 9 Meters Biopharma, Inc. owns global rights to its products. The company is based in Raleigh, North Carolina.

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