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How to buy Cytek Biosciences stock in Canada | $24.11

Own Cytek Biosciences shares in just a few minutes.

Cytek Biosciences is a medical devices business based in the US. Cytek Biosciences stocks (CTKB.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $23.34 – a decrease of 7.13% over the previous week. Cytek Biosciences employs 429 staff and has a trailing 12-month revenue of around $110.4 million.

How to buy Cytek Biosciences stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: CTKB in this case.
  5. Research Cytek Biosciences stocks. The platform should provide the latest information available.
  6. Buy your Cytek Biosciences stocks. It's that simple.

Is it a good time to buy Cytek Biosciences 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.

Cytek Biosciences stock price

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

Cytek Biosciences stocks at a glance

Information last updated 2021-09-20.
Latest market close$24.11
52-week range$17 - $28.7
50-day moving average $24.1671
200-day moving average $23.493
Wall St. target price$27
PE ratio 475.8182
Dividend yield N/A (0%)
Earnings per share (TTM) $0.055

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Note: The dollar amounts in the table below are in Canadian dollars.

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Cytek Biosciences price performance over time

Historical closes compared with the last close of $24.11

1 week (2021-09-17) -7.13%
1 month (2021-08-25) 6.21%

Is Cytek Biosciences under- or over-valued?

Valuing Cytek Biosciences stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cytek Biosciences's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cytek Biosciences's P/E ratio

Cytek Biosciences's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 476x. In other words, Cytek Biosciences stocks trade at around 476x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the stocks or simply that they're over-valued.

However, Cytek Biosciences's P/E ratio is best considered in relation to those of others within the medical devices industry or those of similar companies.

    Cytek Biosciences's EBITDA

    Cytek Biosciences's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$20.2 million.

    The EBITDA is a measure of a Cytek Biosciences's overall financial performance and is widely used to measure a its profitability.

    To put Cytek Biosciences's EBITDA into context you can compare it against that of similar companies.

    Cytek Biosciences financials

    Revenue TTM USD$110.4 million
    Operating margin TTM 17.69%
    Gross profit TTM USD$51.7 million
    Return on assets TTM 0%
    Return on equity TTM 0%
    Profit margin 13.51%
    Book value N/A
    Market capitalisation USD$3.5 billion

    TTM: trailing 12 months

    How to short and sell Cytek Biosciences stocks

    1. Create a CFD or spread betting account.
    2. Search for the stock code. E.g. "CTKB.US"
    3. Choose your position size.
    4. Select "sell" rather than "buy".
    5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

    There are currently 44,741 Cytek Biosciences stocks held short by investors – that's known as Cytek Biosciences's "short interest". This figure is 51.1% down from 91,557 last month.

    There are a few different ways that this level of interest in shorting Cytek Biosciences stocks can be evaluated.

    Cytek Biosciences's "short interest ratio" (SIR)

    Cytek Biosciences's "short interest ratio" (SIR) is the quantity of Cytek Biosciences stocks currently shorted divided by the average quantity of Cytek Biosciences stocks traded daily (recently around 248561.11111111). Cytek Biosciences's SIR currently stands at 0.18. In other words for every 100,000 Cytek Biosciences stocks traded daily on the market, roughly 180 stocks are currently held short.

    To gain some more context, you can compare Cytek Biosciences's short interest ratio against those of similar companies.

    However Cytek Biosciences's short interest can also be evaluated against the total number of Cytek Biosciences stocks, or, against the total number of tradable Cytek Biosciences stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cytek Biosciences's short interest could be expressed as 0% of the outstanding stocks (for every 100,000 Cytek Biosciences stocks in existence, roughly 0 stocks are currently held short) or 0.0016% of the tradable stocks (for every 100,000 tradable Cytek Biosciences stocks, roughly 2 stocks are currently held short).

    Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Cytek Biosciences.

    Find out more about how you can short Cytek Biosciences stock.

    Cytek Biosciences stock dividends

    We're not expecting Cytek Biosciences to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.

    Cytek Biosciences overview

    Cytek Biosciences, Inc. engages in the manufacture and sale of cell analysis solutions for clinical and biomedical research in the fields of drug discovery, genomics, immuno-oncology, immuno-profiling, infectious diseases, inflammatory diseases, and multi-site standardization applications. Its instruments include the Aurora and Northern Lights systems, which are flow cytometers to deliver cell analysis by utilizing the fluorescence signatures from multiple lasers to distinguish fluorescent tags on single cells. The company also offers cFluor reagents, which are fluorochrome conjugated antibodies used to identify cells of interest for analysis on its instruments. Its customers include pharmaceutical and biopharma companies, academic research centers, and clinical research organizations. The company distributes its products through direct sales force and support organizations in North America, Europe, China, and the Asia-Pacific region; and through distributors or sales agents in European, Latin American, the Middle Eastern, and the Asia-Pacific countries. Cytek Biosciences, Inc. was formerly known as Cytoville, Inc. and changed its name to Cytek Biosciences, Inc. in August 2015. The company was incorporated in 2014 and is headquartered in Fremont, California.

    Frequently asked questions

    Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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