How can you buy Novacyt shares?
In the article about investing during the coronavirus you can read more about the interesting opportunities that now exist on the stock market. An example of a stock in which you could invest is the Novacyt stock. Novacyt is a company that develops tests that can be used to detect the Coronavirus. But is it wise to invest in Novacyt stocks? And where can you do this?
Where to buy Novacyt stocks?
We have listed the brokers where you can buy Novacyt shares against low fees. It is wise to choose an affordable broker. The cheapest broker is eToro. At eToro you can buy Novacyt shares completely without transaction costs. Use the button below to open an account immediately:Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
You can choose to actively trade in Novacyt shares. You can do this at the broker Plus500. Plus500 is a CFD broker: with CFDs you can speculate on price rises and price falls with small amounts. Do you want to try the possibilities for free with a demo? Then use the button below to get started right away:72% of retail CFD accounts lose money.
What does Novacyt do?
Novacyt is a company traded on the French stock exchange. The share price has developed considerably over the years. Compared to a few years ago, the stock is not doing well at all. However, under the influence of the Coronavirus, you can see that the stock price has developed considerably and has doubled several times. The price has risen from just over 10 cents to more than 13 euros at its peak.
But why is the Novacyt share price suddenly performing so well? This is because the company specializes in providing molecular-level diagnostic tests. The Coronavirus test may not be their only test, but this is one of the tests that the company provides.
Since February 17, the European Union has approved Novacyt’s tests for the Coronavirus. Currently, an application has also been made to the FDA. The FDA has also approved the tests so that they can be used in America. If the virus spreads further in America, this can only benefit profitability and the share price
Novacyt’s test has several advantages. The test can only detect the latest variant of the virus. This is the variant that you hear a lot about in the news and where all the media attention is now focused on. Many other tests also detect other forms of the coronavirus and can therefore quickly give a false positive.
The test results are available within two hours and no refrigeration is required. This allows the tests to be sent to warmer regions inexpensively. All this makes Novacyt’s tests extremely attractive.
Is investing in Novacyt wise?
It is important to continue to view the situation as rationally as possible. Remember, the company is doing well now mainly because of the need for a lot of testing: after the pandemic, sales could drop sharply again. Therefore, there is a good chance that the price will drop again.
The company was on the verge of bankruptcy and had not been doing so well for some time. Therefore, it is important, especially for a long-term investment, to properly analyse the company’s vision for the future. In fact, the price of Novacyt will likely continue to do well especially when the Coronavirus spreads further. Therefore, keep a close eye on the health situation and draw your conclusions based on that.