How to Buy Cidara Therapeutics Stock [2024] | Invest in CDTX

Summary: Cidara Therapeutics, a biotechnology company, is publicly listed on the NASDAQ Exchange under the ticker CDTX. To buy Cidara Therapeutics stock, we recommend using Interactive Brokers, a reliable online trading platform. 

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About Cidara Therapeutics

Taking center stage in their portfolio is rezafungin acetate, a groundbreaking molecule belonging to the echinocandin class of antifungals. This potent compound targets the treatment and prevention of invasive fungal infections, including but not limited to candidemia and invasive candidiasis, both of which are associated with notably high mortality rates. 

Expanding its innovative reach, Cidara is also leveraging its long-acting drug-Fc conjugates (DFCs) from its proprietary Cloudbreak® platform for the prevention and treatment of influenza and other viral infections, including RSV, HIV, and the SARS-CoV-2 strains responsible for COVID-19, as well as solid tumors. 

Cidara Therapeutics is listed on the Nasdaq Exchange under the stock symbol CDTX. 

How to buy Cidara Therapeutics stock? Step-by-step process

Follow these four steps to purchase Cidara Therapeutics stock:

Step 1: Choose a broker 

To buy Cidara Therapeutics stock, start by selecting a reputable online broker. In our assessment, Interactive Brokers is the best choice for investing in CDTX, offering:

• Commission-free stock trading;
• Access to global stock markets;
• Fractional shares availability;
• Competitive financing rates for margin accounts:
• No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

For those seeking a more stable investment in the pharmaceutical sector and aiming to avoid the inherent volatility of pharma penny stocks, consider established pharmaceutical companies or big pharma instead.

Some industry giants worth considering include:

• Pfizer (NYSE: PFE);
• Novartis (NYSE: NVS);
• Merck (NYSE: MRK);
• AstraZeneca (NASDAQ: AZN);
• GSK (NYSE: GSK);
• Roche (SIX: ROG);
• Novo Nordisk (NYSE: NVO);
• Johnson & Johnson (NYSE: JNJ). 

How to choose the best online broker?

When choosing an online broker, consider the following key factors:

• Regulation: Ensure the broker is regulated by a recognized financial authority;
• Fees: Understand the fee structure, including commissions, spreads, and any hidden costs;
• Trading platform: Check the usability, features, and reliability of their trading platform;
• Product offerings: Confirm they provide access to the assets or markets you’re interested in;
• Fractional shares: Determine if the broker offers fractional share trading;
• Account types: Evaluate the types of accounts they offer, such as margin or retirement accounts;
• Security: Ensure robust security measures are in place to protect your assets and data;
• Research and education: Look for valuable research tools, educational resources, and market analysis.

Step 2: Open and fund your account 

Once you’ve chosen your broker, register on their platform. After your account gets approved, you can fund it using your preferred method, such as a bank transfer, credit card, or PayPal.

Step 3: Place your order and buy Cidara Therapeutics stock 

To buy Cidara Therapeutics stock:

• Search for Cidara Therapeutics using its ticker symbol CDTX.
• Determine your order type (market order for an immediate purchase or limit order at a specific price).
• Specify your investment amount in dollars or the number of shares.
• Review all details meticulously before confirming the transaction.

Step 4: Monitor your investment 

To stay informed about your investment in Cidara Therapeutics:

• Set Alerts: Activate price change alerts on your brokerage platform;
• Company Updates: Follow Cidara Therapeutics’ official announcements, earnings reports, and press releases via their investor relations page;
• Industry news: Stay updated with pharmaceutical and biotechnology industry news that might impact the stock;
• Financial analysts: Seek insights from financial analysts regarding Cidara Therapeutics’ market sentiment;
• Regulatory updates: Keep informed about regulatory updates, especially those related to the pharmaceutical sector;
• Regular portfolio review: Periodically assess Cidara Therapeutics’ performance in your investment portfolio;
• Technical analysis: Use charts and indicators to gauge stock trends;
• Consultation: Consider consulting a financial advisor for significant investment decisions.

Cidara Therapeutics stock price today

Pros and cons of buying Cidara Therapeutics stock

Pros

• Innovative pipeline: Cidara Therapeutics has an innovative pipeline of drugs addressing various medical needs, potentially offering significant growth opportunities;
• Unmet medical needs: The company focuses on therapies for conditions with unmet medical needs, which, if successful, can lead to strong market demand.

Cons

• Clinical trial risks: As with any pharmaceutical company, Cidara faces risks associated with the outcomes of clinical trials, including potential failures or delays;
• Regulatory approval: Gaining regulatory approval, especially from the FDA, is uncertain and can be a lengthy process;
• Financial health: Like many biotech companies, Cidara may operate at a loss until its therapies gain commercial success, requiring ongoing funding;
• Market competition: The pharmaceutical industry is highly competitive, with numerous companies working on similar treatments, increasing competition;
• Stock volatility: Cidara may exhibit higher volatility as a penny stock, making it more unpredictable and potentially riskier for investors.

In conclusion

To buy Cidara Therapeutics stock:

1. Choose an online broker.
2. Register and fund your account.
3. Purchase CDTX shares.
4. Regularly evaluate and adjust your investment as needed.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy Cidara Therapeutics stock

Best Platform for Worldwide Stock Trading & Investing

• Highly trusted multi-asset broker with clients in over 200 countries

• Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

• Low commissions starting at $0 with no platform fees or account minimums

• Easily fund your account and trade assets in 26 currencies

• IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started