How to Buy Inovio Pharmaceuticals Stocks – Invest in Inovio Pharmaceuticals Shares Today!

Fact Checked by Gary McFarlane

Inovio Pharmaceuticals is a US-based company that specializes in the development and marketing of synthetic DNA products for the treatment of infectious diseases and cancer.

In this guide, we explain how to buy Inovio Pharmaceuticals stocks. You’ll also find further information surrounding Inovio Pharmaceuticals as an investment product – to ensure that this stock is right for your portfolio.

Table of Contents

#1 Broker to Buy Inovio Pharmaceuticals Stocks – eToro

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How to Buy Inovio Pharmaceuticals Stocks – A Quick Guide For 2022

It’s convenient to access and buy Inovio Pharmaceuticals stocks when using a licensed broker.

Below, you will find a 5-step quickfire guide that shows you how to create an account with 0% commission broker eToro – so that you can invest in Inovio Pharmaceuticals shares without breaking the bank.

  • Step 1: Open an Account with eToroTo begin, provide the stockbroker with your full name, email address, and phone number. After that, you’ll need to create a username and password.
  • Step 2: Upload Your ID – You’ll be asked to upload a copy of your passport as well as a bank statement at this stage. This is because eToro adheres to AML regulations. Other types of identification are also accepted by this broker, a full list can be found at eToro.
  • Step 3: Deposit Funds – Deposit $10 or more to finance your eToro account and invest in Inovio Pharmaceuticals stocks. Credit/debit cards, ACH, and e-wallets are all accepted payment methods. Select the most suitable and enter the US-dollar amount to continue.
  • Step 4: Search for Inovio Pharmaceuticals – The fastest way to start investing is to utilize the search facility by typing ‘Inovio Pharmaceuticals’. When you see it in the list of results, click ‘Trade’.
  • Step 5: Buy Inovio Pharmaceuticals Stocks – Finish your order by entering an amount. This should be the number of US dollars that you want to risk on buying Inovio Pharmaceuticals stock. You can invest in this stock from $10 at eToro, as the broker supports fractional investing.

When you’ve finished all five steps of this brief tutorial, you’ll be able to track the price fluctuations of your Inovio Pharmaceuticals investment. You will also find a more detailed version of this walkthrough later on.

67% of retail investor accounts lose money when trading CFDs with this provider.

How To Buy Inovio Pharmaceuticals Stocks – Choose a Stockbroker

There’s plenty of interest surrounding pharma companies, especially those developing important vaccines. As such, you will find there is no shortage of brokers that list Inovio Pharmaceuticals amongst their stocks.

Because no two brokers are alike, we’ve compiled a list of the best places to buy Inovio Pharmaceuticals stocks for you to consider.

  1. eToro – Overall Best Place to Buy Inovio Pharmaceuticals Stocks
  2. Webull – Buy Inovio Pharmaceuticals Stocks at 0% Commission
  3. Fidelity – Invest in Inovio Pharmaceuticals Stocks From Just $1
  4. Zacks Trade – Top Broker for Advanced Traders
  5. E*TRADE – Good Broker for Long-Term Investments
  6. Interactive Brokers – Trade Inovio Pharmaceuticals Stocks at 0% Commission
  7. Robinhood – Great US-Based Broker for Beginners
  8. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments
  9. SoFi – Invest in Inovio Pharmaceuticals via Fractional Shares
  10. Merrill Edge – Online Brokerage With a Variety of Investment Accounts

You may read our reviews of each stockbroker later to help you make an educated decision on which might suit your investing objectives.

Where to Buy Inovio Pharmaceuticals Stocks  – Full Stockbroker Reviews

As we touched on, there are many brokers offering access to Inovio Pharmaceuticals stocks. The problem can be sorting the good from the bad. That is to say, some will command high commission fees on investments, while others might require a sizable deposit that you are unable to meet each time your fund your account.

As such, we’ve narrowed down the best investment platforms that allow you to buy Inovio Pharmaceuticals stocks.

1. eToro – Overall Best Place to Buy Inovio Pharmaceuticals Stocks

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eToro‘s brokerage services are used by more than 20 million investors, covering 140 countries. The platform offers a 0% commission on stocks and ETFs. As such, you will only pay the spread to invest in Inovio Pharmaceuticals shares, which is typically competitive. If you want to diversify later, you will have access to over 2,500 stocks from 17 markets. This covers the US and other stock markets around the world.

In addition to the aforementioned stocks and ETFs, you can trade commodities, forex pairs, cryptocurrencies, and indices. As such, this is a well-rounded investment platform. Upon signing up with eToro you will also find features such as Copy Trading. The feature allows you to grow your portfolio passively. This is because you are able to allocate some of your funds to a seasoned investor and mirror any stock orders they place.

etoro app review

Another useful option when buying shares at eToro is fractional investing. Irrelevant to the price of a share, you can invest an amount as low as $10 to buy just a fraction. Granted, this won’t be necessary on stocks valued at less than $10. However, if you decide to invest in other stocks later, this is a good way to create a varied portfolio of assets without risking too much.

You will be able to fund your account, and therefore future stock investments, with a variety of deposit alternatives after creating a portfolio. The following deposit methods are accepted: US wire transfers, ACH, and debit and credit cards. Unlike many stockbrokers on this list, eToro also allows you to make a deposit using a variety of e-wallets. The minimum deposit is a super low $10.

Pros

  • Invest in stocks at 0% commission
  • Minimum investment per stock is $10
  • Supports debit/credit cards, e-wallets, and bank transfers
  • Regulated by the SEC, ASIC, FCA, and CySEC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Buy Inovio Pharmaceuticals Stocks at 0% Commission

webull review

Webull is another broker that will facilitate your investment in Inovio Pharmaceuticals stocks with 0% commission. However, if you decide to diversify later and look for international stocks – you will find there is not much on offer. Webull will be suitable for people who want to buy stocks in small amounts. This is because the broker will let you buy shares in fractions by allocating as little as $5.

webull review

When it comes to making a deposit so you have funds in your account, there is no minimum requirement. Not only that, but Webull offers a variety of different account options to suit different investing objectives. This comprises self-directed and retirement plans and the latter includes multiple IRA accounts. Wire transfers and ACH are accepted when making a deposit. Note that credit/debit cards are not supported.

Pros

  • Thousands of US-listed stocks
  • 0% commission trading
  • Also supports ETFs and stock options
  • No minimum deposit

Cons

  • No support for debit/credit card deposits
  • Very limited selection of non-US stocks
  • Spreads can be somewhat high
  • Wire transfer withdrawals cost $25 per transaction

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Fidelity – Invest in Inovio Pharmaceuticals Stocks From Just $1   

fidelity review

Fidelity is a US-based investment platform that will enable you to buy Inovio Pharmaceuticals stocks in fractional quantities – starting from just $1. You will find more than 7,000 equities listed at this brokerage. Not only that, but as you are looking to buy shares that are listed on the NASDAQ in the US, you can invest while paying 0% commission.

There are a lot of different accounts offered by Fidelity. The margin account offered by this broker may entice more experienced traders due to the profit potential. Beginners are advised to stick with a standard self-directed account, with lower risk and no minimum deposit. Speaking of which, you can fund your Fidelity account with a US bank wire or a check.

Pros

  • Trusted US-based brokerage
  • $0 commission on US stocks and ETFs
  • Stock Slice tool allows fractional investments of $1 

Cons

  • Perhaps too complex for newbies
  • Non-US assets come with high fees  

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Zacks Trade – Top Broker for Advanced Traders  

zacks trade review

If you believe yourself to be a stock investor with some expertise, Zacks Trade may be a good option to consider. You may run your own market analysis on Inovio Pharmaceuticals stocks using the Zacks Trade Pro platform as there are heaps of trading tools. Note that this broker does not offer 0% commission when you invest in stocks though.

zacks trade review

In this scenario, you will pay a commission of $0.01 per share. This is due to Inovio Pharmaceuticals stock being valued at over $1 per share. If you later buy shares that are valued at less than $1, you will be charged a commission fee of 1%. If you decide Zacks Trade suits your objectives, you can sign up and fund the account with either a bank wire, credit/debit card, or e-wallet.

Pros

  • Advanced trading platform
  • Huge research and analysis department
  • Great for seasoned traders

Cons

  • Too complex for beginners
  • Cheaper trading fees available elsewhere
  • Minimum deposit required is $2,500

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

5. E*TRADE – Good Broker for Long-Term Investments 

E*TRADE review

E*TRADE provides a wide range of account types so is a good option for anyone wishing to buy Inovio Pharmaceuticals shares and keep them in the long term. This is due to the fact that long-term investors can sign up with a retirement account and buy and hold stocks from there with tax benefits. When buying US shares, a category which Inovio Pharmaceuticals stock falls into, E*TRADE offers 0% commission.

E*TRADE review

We mentioned the option of retirement accounts, this includes numerous IRA plans and also margin and standard accounts. Note the standard portfolio doesn’t require you to adhere to a set deposit. In contrast, the margin account commands a $2,000 minimum. If you want to try buying stocks passively, you can also take a look at the automated investing plans offered by E*TRADE

Pros

  • Great for long-term investments
  • Supports a variety of retirement accounts
  • Low fees  

Cons

  • Very limited number of non-US stocks
  • Won’t suit seasoned investors seeking high-level trading tools     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

6. Interactive Brokers – Trade Inovio Pharmaceuticals Stocks at 0% Commission

Interactive Brokers

Interactive Brokers is worth a look if you are somewhat of a seasoned stock investor who wishes to take advantage of a robust suite of tools. This investment platform also provides access to a wide choice of markets, 135 to be exact. As you are looking to invest in US-listed company Inovio Pharmaceuticals, this will be commission-free. However, you should be aware that commission costs may apply if you buy shares in stocks listed outside of the US.

Interactive Brokers

You may also buy fractional shares on this trading platform, which can help you establish a well-balanced portfolio later on. Interactive Brokers has several accounts to choose from, and there is a range of IRAs that allow investors to save up for retirement with tax advantages. A self-directed portfolio, on the other hand, will allow you to invest in Inovio Pharmaceuticals shares without a minimum deposit. You may fund the account of your choosing using ACH, check, or a bank wire transfer.

Pros

  • Thousands of investments across 135 markets
  • Advanced trading platform for seasoned investors  

Cons

  • Low fees only offered on US-listed stocks
  • Too complicated for beginners 
  • Debit card deposits and withdrawals not available     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

7. Robinhood – Great US-Based Broker for Beginners 

robinhood review

Robinhood is a popular investment platform for beginners in the US looking to buy equities. If you still need help with how to buy Inovio Pharmaceuticals stocks after reading this guide, Robinhood offers some beginners tutorials. You will also have the opportunity to access upcoming IPOs. When investing in these and US stocks, you will pay 0% commission.

robinhood review

If you see yourself investing on a weekly or monthly basis you can set up reoccurring deposits at Robinhood, to keep your account topped up. Alternatively, you can fund your investment account via the platform itself or the free mobile app. This can be completed using a US bank wire transfer or ACH. Depending on your transaction history, Robinhood deposits can take up to 5 working days.

Pros

  • No commissions charged
  • Offers US-based stocks, ETFs, and options
  • No minimum deposit
  • Very user-friendly

Cons

  • Spreads can be uncompetitive
  • No support for e-wallets or debit cards
  • No foreign stocks

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

8. Ally Invest – Challenger Bank Offering Low-Cost Stock Investments  

Ally Invest review

Another investment platform to consider if you have little experience is Ally Invest. Importantly, this brokerage is not able to facilitate fractional share investing. Although this is unlikely to be an issue when buying Inovio Pharmaceuticals stocks, albeit, as you branch out it may put you at a disadvantage. Advanced investors will like Ally Invest for the wide variety of accounts on offer.

ally invest review

This includes everything from fully-automated robo portfolios, to retirement and self-directed investing accounts. You won’t be charged any commission to invest in Inovio Pharmaceuticals shares. However, note that share options and ETFs attract a contract fee of $0.50. To fund your Ally Invest account you can request a wire transfer. Other deposit options include checks or third-party transfers.

Pros

  • Access banking and investment services via a single platform
  • $0 commission stocks and ETFs
  • No minimum deposit

Cons

  • Does not offer international shares
  • Tools and research features very limited   

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

9. SoFi – Invest in Inovio Pharmaceuticals via Fractional Shares   

SoFi invest review

SoFi offers fractional investing starting from $5. Based on the price of Inovio Pharmaceuticals shares at the time of writing, which is under $5, this might seem pointless. However, the chances are you will want to add other stocks to your portfolio at some point. Furthermore, financial products at SoFi include everything from mortgages, student loans, and credit cards, to general banking and investing.

SoFi invest review

You can invest in Inovio Pharmaceuticals shares whilst paying 0% commission at SoFi. Furthermore, there are no account minimums to buy stocks and you can fund your investments with a wire transfer. Additionally, SoFi offers an automated investing tool. This allows you to create a portfolio automatically that alligns with your investment goals and risk tolerance. The portfolio will then be maintained and rebalanced on your behalf.

Pros

  • Supports fractional shares
  • Offers stocks, ETFs, and crypto
  • Access to IPOs 

Cons

  • Trading platform comes with limited features
  • No copy trading tools
  • Number of supported assets is somewhat limited

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

10. Merrill Edge – Online Brokerage With a Variety of Investment Accounts   

Merrill Edge review

This broker might be preferred by investors who already have a Bank of America account. If you are a customer, you can make deposits directly to the brokerage and will also have access to customer support in your local branch. Either way, there are other ways to deposit and this brokerage will allow you to buy Inovio Pharmaceuticals stocks on a commission-free basis.

Merrill Edge review

Merrill Edge’s guided account comes at a cost. Specifically, you will be liable for investment expense ratios, account fees, and a management commission of 0.45%. The account minimum in this case is $1,000. However, if you create a self-directed account, you can deposit small amounts and won’t have to worry about the aforementioned management fees. Merrill Edge supports check deposits, as well as a few banking options.

Pros

  • Several account types to choose from
  • Self-directing accounts offer 0% commission stocks
  • ETFs, mutual funds, and bonds also supported 

Cons

  • Financial advisory accounts require minimum investment of $20,000
  • No direct fractional share purchases    

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Inovio Pharmaceuticals Stocks – Detailed & Explained in Full

You will now see a guide on setting up an eToro trading account, to allow you to buy Inovio Pharmaceuticals stocks at 0% commission in a regulated space. Apart from holding a license from the SEC, the broker also supports numerous payment types and low deposit minimums.

Step 1: Open a Stockbroker Account

Start by completing the registration form. As you can see, this requires information including your email and cell phone number, as well as your first and last name. Enter your chosen username and a password to continue.

how to join etoro

As is the case with all brokers that operate in accordance with the rules and regulations of the SEC, you will need to attach a copy of your ID. Many investors opt for a passport to verify their identity. However, eToro also supports driving licenses, as well as state-issued photo ID cards.

eToro will also request that you attach something with your name and address. This can be a bill from a utility company or a statement from your bank. You can even use a government tax letter. Your ID will usually be verified within minutes by eToro.

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Deposit Investment Funds

Make a deposit to buy Inovio Pharmaceuticals stocks by choosing a payment type from the list of supported methods. This broker only requires an account minimum of $10 or more.

Deposit Funds

As such, fill in the ‘Amount’ section with your desired deposit size. Take note, US clients do not need to pay any deposit fees at eToro – which is an added bonus.

Step 3: Search for Inovio Pharmaceuticals Stocks

You will easily find Inovio Pharmaceuticals stocks at eToro. Type ‘Inovio’ into the search bar – it’s that simple. As you can see, the platform will list markets with the same name as you type.

eToro Search Inovio Pharma

When you spot it, you can select ‘Trade’ to request an order form. After this, you can move on to complete the process of adding Inovio Pharmaceuticals stocks to your portfolio.

Step 4: Buy Inovio Pharmaceuticals Stocks

At this point, you are ready to buy Inovio Pharmaceuticals stocks. We like that this platform allows investors to buy shares from $10. Although you don’t need to invest fractional amounts in a low-cost stock like Inovio Pharmaceuticals, this will no doubt be appreciated later.

eToro Buy Order Inovio Pharma

Here, we are investing $50. Enter an amount of $10 or higher and confirm your investment. Inovio Pharmaceuticals shares will be added to your portfolio.

Step 5: How to Sell Inovio Pharmaceuticals Stocks

When you invest in Inovio Pharmaceuticals shares at eToro, selling them is super-convenient.

See a quick guide below:

  • Use the username and password you created upon setting up a portfolio to sign in to your eToro account
  • Head over to your eToro portfolio and locate the Inovio Pharmaceuticals stocks you bought
  • Click the ‘Sell’ button to indicate to eToro that you want to cash out your investment
  • eToro will update your account balance with the proceeds from the sale

As we touched on, a key advantage with eToro is that whether you buy Inovio Pharmaceuticals stocks or sell them, you won’t be charged commission fees.

Best Place to Buy Inovio Pharmaceuticals Stocks

It’s no easy task choosing the best brokerage from the hundreds that list Inovio Pharmaceuticals stocks. With that said, there are some key factors you can review yourself before making a final decision and signing up for an account.

You can use the following checklist when you’re trying to figure out the best platform to buy Inovio Pharmaceuticals stocks:

  • Check the regulatory status of the stockbroker before signing up. The best place to buy Inovio Pharmaceuticals will hold a regulatory license from the SEC and have a membership with FINRA
  • If you wish to buy alternative stocks at a later date by allocating small monetary amounts, make sure the broker facilitates fractional investments
  • Is the investment platform easy to use and quick and convenient to sign up with? This will make your experience far smoother
  • Make sure you check the minimum deposit required to fund your account to buy stocks – this can vary depending on the broker

We found, after much research, that eToro is the overall best place to buy Inovio Pharmaceuticals stocks. The platform is super easy to use and creating an account takes minutes. The broker also allows for fractional share investing, has a regulatory license from the SEC, and requires a low minimum deposit of $10.

Is Inovio Pharmaceuticals a Good Stock to Buy?

There are some things you can look at to help you decide whether Inovio Pharmaceuticals is a good stock to add to your portfolio. For instance, stock price history and dividends. See below for more information.

Inovio Pharmaceuticals Stock Price History

When you are deciding whether to invest in Inovio Pharmaceuticals shares, you should take a good look at its stock price history. Historical price data can reveal how the stock has responded to a number of circumstances.

It’s fair to say that this stocks price history looks a little alarming at first glance. That is to say, shares have fallen by more than 31% in the last five years of trading. With that said, investors studying historical returns should keep in mind that previous performance does not mean that the same course of action will occur in the future. Google Chart Inovio Pharmaceuticals

For instance, in late 2021, the FDA lifted the clinical ban on Inovio Pharmaceuticals. As such, the company is all set to commence a Phase 3 test of its vaccine in the US. Inovio Pharmaceuticals will also conduct final-phase trials in Asia and Africa in collaboration with Advaccine Biopharmaceuticals Suzhou. This stock looks set to rise once again.

Does Inovio Pharmaceuticals Pay Dividends?

Whilst some pharmaceutical stocks pay dividends, this one doesn’t. Instead of distributing its profits to shareholders, the company reinvests any small gains that would have gone to dividend payments towards Inovio Pharmaceuticals’ product discovery.

Should I Buy Inovio Pharmaceuticals Stocks?

Pharmaceutical stocks are popular amongst an array of investors. Of course, each stock will differ a great deal in terms of performance, product development, and various other factors. As such, it’s important to perform research to make sure a company is a right fit for your objectives.

Next, you can analyze some of the potential advantages of opting to invest in Inovio Pharmaceuticals shares.

Sales Growth Expected for Inovio Pharmaceuticals

Inovio Pharmaceuticals stock is expected to grow according to many analysts. The company is working on a new vaccine to combat omicron, a highly mutated variant of COVID-19. Moreover, the company’s stock experienced increased interest following its’s first phase 2 trial participant dose of vaccine INO-4700. For those unaware, this was a project to vaccinate against MERS CoV (Middle East Respiratory Syndrome).

Here’s what else we found out about the expected growth of this company:

  • This clinical-stage biotech firm is expected to achieve staggering sales growth in the next few years, according to market analysts
  • Inovio Pharmaceuticals’ revenues are expected to jump from a consensus of approximately $7.4 million in 2021 to nearly $126 million in 2022
  • This illustrates a potential jump of more than 3,200%

Market commentator’s high sales growth forecast appears to be mainly linked to Inovio Pharmaceuticals’ development of the aforementioned COVID-19 vaccine.

Inovio Pharmaceuticals Develops Multiple Products

When you buy Inovio Pharmaceuticals stocks, you will probably be interested to know that this company develops many other products. In fact, a few years ago, the company won a Philadelphia Business Journal Life Sciences Award for its discovery and distribution of various vaccinations.

We examined some of this company’s products and here is what we found:

  • As we touched on, Inovio Pharmaceuticals is working on two COVID-19 possibilities
  • INO-4800 is the most advanced, with phase 3 worldwide research being conducted under the Innovate trial, and it’s thought this will be market-ready by mid-2022
  • The INO-4802, on the other hand, is a pre-clinical COVID-19 vaccine that has been developed to target disease variations
  • Furthermore, according to Inovio Pharmaceuticals, the booster shot INO-4800, dramatically increased the immunological responses that emerged after the second vaccine dosage
  • Aside from its COVID-19 vaccines, Inovio Pharmaceuticals has a vast amount of products in the pipeline
  • This includes treatment for various cancers, human papillomavirus-targeted disorders, influenza, and a range of other infectious illnesses.

Overall, the vaccines developed by Inovio Pharmaceuticals are intended to offer universal cross-strain defense against newly emerged unmatched strains of viruses. As we touched on, this also includes well-known pathogens like influenza. As such, the is a multifaceted stock regardless of the success of its COVID-19 vaccines.

Risks of Investing in Inovio Pharmaceuticals Stocks?

We’ve talked at length about the advantages of buying Inovio Pharmaceuticals stocks. It’s only right that we also shine some light on the potential risks involved when you invest in this stock.

Inovio Pharmaceuticals has Under-Performed Against Competitors

Compared with other pharma companies, especially those that were in the race to develop vaccines against COVID-19, Inovio Pharmaceuticals hasn’t performed well at all. This is largely because when it comes to pharmaceutical companies, the regulatory framework can have a big effect on the stock’s value. A perfect example of this was in 2020 when it seemed as though Inovio Pharmaceuticals would be one of the first companies in the US to reach late-stage clinical trials.

However, everything came to a standstill when the FDA enforced a partial hold on Cellectra 2000, Inovio Pharmaceuticals’ proprietary hand-held delivery device. A clinical hold was also placed on INO-4800, which is the company’s DNA plasmid vaccine candidate against the virus – SARS-CoV-2. This of course had an effect on the value of Inovio Pharmaceuticals stock price.

Google Chart Invio comparison

As a result, Inovio Pharmaceuticals was unable to move forward with its vaccine in the US for some 14 months. Additionally, the company was compelled to conduct its large-scale research outside of the country, in places such as Colombia. As such, in 12 months of trading, shares fell by over 47%. We compared this with the likes of AbbVie and AstraZeneca.

These pharmaceutical companies saw share prices rise by over 25% and almost 14.5% respectively. As such, this was a disappointing year for Inovio Pharmaceuticals shareholders. The good news is that as we touched on, market commentators forecast a long-term increase for this stock and the FDA has since lifted the aforementioned ban. As such, this could still be the optimal time to buy Inovio Pharmaceuticals stocks.

Inovio Pharmaceuticals Carries Debt

It has to be said that the major risk when electing to invest in Inovio Pharmaceuticals shares is that the company has ever-growing debt levels. Debt becomes dangerous for a company when it can’t readily meet its commitments.

This would usually be achieved either by obtaining money at a reasonable cost or free cash flow. If a company can’t pay its creditors it can become bankrupt. However, a more usual scenario is that it has to obtain fresh equity capital at a cheap cost.

See an example below of Inovio Pharmaceuticals cash and debt in 2021:

  • Inovio Pharmaceuticals showed $14.5 million of debt in a report dated September 2021, down from $53.7 million just a year earlier
  • With that said, the company has nearly $395 million in cash, leading to a net cash position of over $380 million
  • It’s encouraging to discover that Inovio Pharmaceuticals has a lot of cash on its balance sheet
  • This clearly indicates that obligations are being managed conservatively

Given it has readily ample short-term cash, it’s doubtful it will have any concerns with bankruptcy.

Whether or not Inovio Pharmaceuticals can strengthen its balance sheet over time will be determined by the company’s future performance. While unprofitable stocks can be high-risk investments, they can also grow quickly and aggressively during pre-profit years.

The Cost of Buying Inovio Pharmaceuticals Stocks

The cost of buying Inovio Pharmaceuticals stock will depend on the brokerage you choose to sign up with. To give you a clearer idea of what to expect, you will see a list of commonly charged fees and a few examples next.

Commissions

You can avoid this fee when investing in Inovio Pharmaceuticals stock by creating an account with a commission-free brokerage. All but one of the brokers we analyzed today offer 0% commission on Inovio Pharmaceuticals stock. The exclusion is Zacks Trade.

Brokerage Deposit Fees

Another charge that can vary when you sign up with a platform to buy Inovio Pharmaceuticals stock is the deposit fee. This type of fee is charged each time you fund your account. Some brokers also charge different fees depending on the payment method.

For instance, at Webull you will be charged an $8 deposit fee for opting to finance your account with a wire transfer. On the contrary, with ACH transfers the deposit fee is waivered. eToro stands out in this respect. The broker charges US investors ZERO deposit fees – regardless of the payment method.

Spreads

Brokers who charge 0% commission to invest in Inovio Pharmaceuticals shares need to make money somewhere. This is where the spread comes in.

Let’s offer a brief explanation of the spread:

  • The spread, for those unaware, is the gap between the buy and sell price
  • This is the difference between what the buyer is willing to pay for Inovio Pharmaceuticals stock and what the seller is ready to accept in order to sell it
  • Watch out for brokers that charge wide spreads – meaning a big difference between the two prices

Put simply, the wider the spread, the more you will have to pay to buy Inovio Pharmaceuticals stock. The spread at eToro is considered to be tight. On the other hand, Robinhood quotes a fixed rate on each spread and this tends to be much higher than other stockbrokers.

How to Buy Inovio Pharmaceuticals Stocks – Conclusion

In this guide, we detailed how to buy Inovio Pharmaceuticals stock, along with some advantages and potential risks. We also reviewed the best brokerage platforms to invest in this biotechnology company.

eToro was revealed as the best broker for the job. The platform offers 0% commission to investors looking to buy Inovio Pharmaceuticals stock or any other equity for that matter.

This online brokerage also has a membership with FINRA and operates under the SECs regulatory rules. All in all, this is a safe place to invest in Inovio Pharmaceuticals, and you can fund your account with as little as $10.

eToro – Best Broker to Buy Inovio Pharmaceuticals Stocks

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FAQ

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.