How to buy Inspira Technologies Oxy stocks (NASDAQ: IINN) • Benzinga

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Inspira Technologies Oxy (NASDAQ: IINN), an Israeli medical device company, focuses on the research and development of hospital grade respiratory tracking systems. The company’s flagship product is an augmented respiratory technology system that offers patients a less traumatic and invasive alternative to traditional mechanical ventilation procedures.

Interested in learning more about Inspira Technologies Oxy and whether you should add this stock to your portfolio? Our guide will help you find out a little more about the company and if its stock is a good buy.

When was Inspira Technologies first listed on the stock market?

Inspira Technologies Oxy filed its IPO documents on March 5, 2021 and its IPO on July 14, 2021 at $ 5.51 per share.

Inspira Technologies Oxy Financial History

Inspira Technologies Oxy financial statements are typical of companies with a focus on medical research. According to data filed with NASDAQ, the company’s revenue was $ 4.3 million, while its total unpaid debts equals $ 8.1 million.

During the IPO, Inspira offered its shares at an initial target price of between $ 5.51 per share. The company plans to use the funds acquired from the IPO to continue research and development on a number of respiratory devices and products.

Inspira Technologies Oxy Potential

Traditional mechanical ventilation is a very invasive procedure, which requires the insertion of a device in the patient’s throat to push air into the patient’s lungs in the event of respiratory failure. While the treatment is effective in saving patients who have trouble breathing on their own, mechanical ventilators involve extended hospital stays, increased medical care costs, infections, and ventilator addiction. Patients must also be placed in an induced coma before using a ventilator, which has been associated with higher death rates.

Inspira Technologies Oxy’s main product, an augmented breathing technology system, uses a unique dual lumen cannula inserted into the jugular vein. This system allows healthcare professionals to introduce oxygen directly into the bloodstream without the need for a ventilator or induced coma.

As the medical community continues to fight the COVID-19 pandemic, it is possible that this less invasive treatment will become an important tool in the fight against respiratory disease. However, it is important to note that Inspira Technologies Oxy has not yet been approved by the Food and Drug Administration (FDA) for use in a medical setting, nor tested in a human. Although the company plans to seek FDA approval in 2022 and beyond, this action is likely to remain a very uncertain investment until the end of the trials.

How to buy Inspira Technologies Oxy (IINN) shares

If you’ve never bought or sold stocks before, know what to expect before you make your first investment.

Step by step guide:

  1. Choose a brokerage house.

    An online broker is a financial services provider licensed to buy and sell stocks on behalf of retail investors. When you open an account with a broker, your broker will help you set up a trading platform that you can use to deposit trading funds into your account and buy and sell stocks.

    One of the first decisions you will need to make when you start investing is where you want to open a brokerage account. The best brokers offer access to advanced order types and a plethora of educational resources that you can use to learn more about trading before entering the market. Some of the qualities you might want to look for when opening a brokerage account can include:

    • Commissions and account fees
    • The types of accounts to which the broker offers access
    • Trading platform, available tools and skill level

  2. Decide how many shares you want.

    It’s a good idea to set a total budget and choose how many stocks you can buy based on your personal budget. Don’t worry if that doesn’t add up to an even number of shares. Most brokers now allow you to invest in “fractional stocks” of stocks with as little as a single dollar in your account.

  3. Choose your order type.

    When you know how many shares you want to buy, then choose an order type. The type of order you place determines when your order will be filled and the price you will pay per share. Some of the more common types of commands include:

    Market order: When you place a market order, your broker will execute the order as soon as possible at the current trading market rate.
    Limited order: When you place a limit order, your broker will only execute the order at or below a predefined “limit price”. For example, if you set your limit price at $ 5.50 per share, your broker will only execute the order if it is possible to buy each share at a price of $ 5.50 or less.
    Trailing stop order: When you place a trailing stop order, your broker executes the order when the price of a stock falls to a preset price. Many brokers also allow you to place a trailing stop loss order to invest in a stock when it reaches a certain percentage below or below its current price.

    Depending on the broker you are buying from, you may also have access to additional order types.

  4. Run your trade.

    Check the details of your order before placing it, then submit it to your broker. From there, your broker will complete the order on your behalf. One of the following 2 things can happen after you submit your order:

    Your broker fills the order. If your broker can execute the order to your specifications, you will see your actions in your account. Don’t be afraid to walk away from your trading platform – the broker will automatically execute the order once the limit and stop conditions are met.
    Your broker cannot fulfill the order. If your broker cannot execute the order at the specified prices before the end of the trading day, the broker can cancel the order or leave the order open for up to 90 days. You can specify whether you want your order to remain open indefinitely or to close at the end of the trading day when you place your order.

    Most brokers will also send you an email or push message notification when your order is filled or closed.

Best online brokers

Confused about where to start your search for the right broker? Consider some of our top picks below.

Prepare for the next IPOs

Whether you are planning to invest in an upcoming IPO or in blue chip stocks, remember that the price of any stock can go down at any time. Never invest more money than you can afford to lose in a single asset and broaden your investment portfolio with total market index funds and various ETFs. This will help you protect your portfolio against losses in a single industry or within a single company.

Look in IINN today

If you are thinking about diversifying your portfolio, you can invest in Inspira Technologies Oxy today. Getting some exposure in the medical device industry can help you get started in the healthcare industry without the risk associated with pharmaceuticals, healthcare systems, or real estate groups.

0 Commissions and no minimum deposit. Everyone has smart tools to invest smart. Webull supports full extended trading hours, which includes full pre-market (4:00 am – 9:30 am ET) and after-hours (4:00 pm – 8:00 pm ET) sessions. Webull Financial LLC is registered and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). He is also a member of the SIPC, which protects (up to $ 500,000, which includes a limit of $ 250,000 for cash) against the loss of cash and securities held by a client of a brokerage firm. member of the SIPC in financial difficulty.

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