Summary: Compass Therapeutics, a clinical-stage biotech company, is publicly listed on the NASDAQ with the ticker CMPX. In this guide, we explain how to buy Compass Therapeutics stock with online trading platforms like Interactive Brokers.
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About Compass Therapeutics
- CTX-009: A bispecific antibody designed to block the Delta-like ligand 4, a ligand of Notch-1, and the vascular endothelial growth factor A signaling pathways, which play crucial roles in angiogenesis and tumor vascularization;
- CTX-471: An IgG4 monoclonal antibody acting as an agonist of CD137, a significant co-stimulatory receptor present in immune cells;
- CTX-8371: A bispecific inhibitor targeting the PD-1 and PD-L1 checkpoint inhibitor antibodies.
Compass Therapeutics trades on the NASDAQ Exchange under the stock ticker CMPX.
How to buy Compass Therapeutics stock? Step-by-step process
Here’s a brief guide to purchasing Compass Therapeutics stock:
- Select an online broker;
- Set up and fund your account;
- Purchase CMPX shares;
- Periodically evaluate your investment and modify it as necessary.
Step 1: Choose a broker
To buy Compass Therapeutics stock, begin by selecting a dependable online broker. We recommend Interactive Brokers, which stands out for several reasons:
- Commission-free stock trading;
- Global stock-trading across various market centers;
- Availability of fractional shares;
- Opportunities to earn extra income on fully paid shares;
- Competitive rates for margin accounts;
- No mandatory 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
For those looking to avoid the inherent volatility of biotech penny stocks, consider these established biotech companies instead:
- Pfizer (NYSE: PFE);
- Moderna (NASDAQ: MRNA);
- Sanofi (NASDAQ: SNY);
- Eli Lilly (NYSE: LLY);
- Biogen (NASDAQ: BIIB);
- Amgen (NASDAQ: AMGN);
- Gilead Sciences (NASDAQ: GILD);
- Bayer (FWB: BAYN);
- Thermo Fisher Scientific (NYSE: TMO).
How to find the best online broker?
When selecting an online broker, take into account the following aspects:
- Product offerings: Ensure they provide access to the Nasdaq Exchange and, crucially, CMPX, as well as any other assets of interest;
- Fee structure: Get a grasp of their pricing and look out for any possible hidden fees;
- Regulation and security: Confirm they’re overseen by the appropriate financial bodies and employ stringent security measures to protect your assets and personal data;
- Fractional shares: Check if the broker supports fractional share trading, beneficial for budget-conscious investors or those looking to apply a dollar-cost averaging strategy.
Step 2: Open and fund your account
After picking your broker, register on their platform. Once your account is verified, you can deposit money using your preferred method—be it bank transfers, credit cards, or other third-party payment systems like PayPal.
Step 3: Place your order and invest in CMPX
Follow these steps to buy Compass Therapeutics stock:
- Locate Compass Therapeutics using the ticker symbol CMPX;
- Decide your order type: a market order for immediate acquisition or a limit order to buy at a designated price;
- Determine your investment amount, either in terms of dollars or by the number of shares;
- Thoroughly check all details before confirming the purchase.
Step 4: Keep an eye on your investment
Once you’ve acquired shares in Compass Therapeutics, it’s vital to stay updated:
- Utilize tools like Google Alerts to receive news related to “Compass Therapeutics” or other related keywords;
- Set price alerts for CMPX on your trading apps to be notified of significant price changes;
- Take advantage of the analytical resources provided by your broker;
- Stay informed about broader biotech sector trends;
- Periodically assess the company’s financial statements for insights into performance and future prospects.
Compass Therapeutics stock price today
Pros and cons of investing in Compass Therapeutics
Pros
- Innovative approach: Compass Therapeutics is working on antibody-based therapeutics, a cutting-edge area in cancer treatment that can potentially bring significant breakthroughs;
- Diverse product pipeline: With a diverse product line, the company is targeting multiple pathways and mechanisms, diversifying potential revenue streams;
- Growth potential: As a clinical-stage company, successful phase advancements and positive trial results could significantly boost stock value.
Cons
- High risk: Conversely, clinical-stage biopharmaceutical companies come with inherent risks, i.e., many drug candidates don’t make it past clinical trials;
- Regulatory challenges: The path to getting a drug approved by regulatory bodies like the FDA is long, costly, and uncertain;
- Competition: The oncology-focused biopharmaceutical landscape is crowded, with many companies competing for the next big breakthrough;
- Financial uncertainty: Clinical-stage companies often operate at a loss, requiring consistent capital infusion to fund research. If Compass Therapeutics needs to issue more shares to raise capital, it can lead to dilution for existing shareholders;
- Penny stock volatility: As a penny stock, Compass Therapeutics is inherently speculative and carries a higher risk due to potential price volatility and lower liquidity. This can lead to more significant price swings, making the investment more unpredictable.
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 Compass Therapeutics stock
How to buy Compass Therapeutics stock?
Register with a reputable online broker to invest in Compass Therapeutics. After funding your account, search for CMPX, decide on the amount you wish to invest, and finalize your purchase.
How can I sell my Compass Therapeutics stock?
Sign in to your broker account, navigate to your portfolio, choose CMPX, specify the number of shares you want to sell, and confirm.
Where can I purchase Compass Therapeutics stock?
Shares of Compass Therapeutics can be acquired with regulated online brokers, such as Interactive Brokers.
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
