How to buy Biolase shares (BIOL)
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This page explains the key information you need to know before you invest in Biolase stock. We explain what the company is and what it does, what its potential is as an investment, and whether or not now is a good time to invest.
Compare the best Biolase trading platforms
If you are looking for a reliable, low-fee platform to trade Biolase shares, look no further than the table below. In it, our team of analysts have listed the best places to buy Biolase stock right now. Simply click on one of the links to sign up, or keep reading to learn more.
How to buy Biolase stock, a step-by-step guide
The process of getting shares in Biolase is quick and easy, so don’t worry, even if you’re new to stock investing. These are the steps to follow in order to complete your investment:
- Choose a broker. You will need to use an online brokerage platform. There are many different options to choose from, each with their own unique benefits and drawbacks. The comparison table above can help you select the right broker for you, and you can head to our comprehensive broker reviews if you’re still unsure.
- Create an account. Once you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally you can expect to have to provide your name, email address, phone number, and some form of photo identification.
- Deposit funds. Log into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal. Select your preferred payment method and deposit the amount of money you wish to invest in Biolase shares.
- Place an order for BIOL stock. Search for Biolase’s ticker symbol (BIOL) and see the current price at which the stock is trading. If you’re happy with the price, enter the amount of shares you wish to own and place your order.
- Execute your order. Once you have placed your order, your broker will automatically execute it for you and your BIOL shares will be listed in your account. Congratulations, you’ve just bought shares in BIOL.
Should I invest in Biolase?
If you are interested in growth stocks with significant potential, Biolase could be an investment opportunity to closely consider. While it may not be the biggest company right now, Biolase claims to have the credentials to deliver ‘clinically superior, patient-friendly results’ in the form of new treatments for some of the world’s most common dental procedures.
The company develops, manufactures, markets, and sells proprietary laser systems for dental practitioners and their patients both in the United States and worldwide. This technology is growing in popularity because it is able to replace more invasive surgical techniques, and Biolase claims to be a ‘world leader’ in these advanced solutions.
Founded in 1984 and based in Foothill Ranch, California, Biolase has grown rapidly since its inception, and it now has several hundred employees and numerous strategic partnerships with dental practices. The global dental market stands at around $37 billion dollars, and this has grown rapidly from $28 billion in 2016. As a micro-cap stock, Biolase has plenty of room to grow in this expanding space.
How has the company performed in recent years?
Since its $8.5 million IPO in 2019, Biolase has struggled to generate significant share price growth. However, this is to be expected with new companies dealing with innovative and complex technologies. As Biolase establishes itself more firmly in the dental marketplace, its share price performance could follow an upwards trajectory.
BIOL’s annual revenue currently hovers around $10 million, and this is growing each year. As headwinds created by COVID-19 ease, the company could be on track to continue its growth. Investors will be hoping this sustained earnings growth is eventually reflected in the stock price.
The majority of Biolase’s business comes from new consumers, and this exemplifies how new a company it is. However, if it can convert this demographic into consistent, loyal customers, the company should be heading in the right direction, especially given its solid balance sheet and cash position.
Is it a good time to buy Biolase shares now?
This largely depends on your financial goals and personal investment strategy. If you are a long-term investor, the real value from investing in BIOL stock comes some way down the line. If you have the patience and can afford to lock up your capital for the foreseeable future, Biolase could eventually reward you with significant growth.
By contrast, if you are a short-term trader, Biolase’s stock has proven to be fairly volatile in recent years, presenting plenty of opportunities for you to capitalise on. This is to be expected with a new company dealing with unfamiliar tech, and if you feel you can conduct technical analysis and read market sentiment effectively, trading Biolase shares may be a good move.
Whatever you decide to do, make sure your decisions are well-informed. You can make sure you are up to date on the latest news concerning Biolase by checking out our recent market analysis below.
Buying, selling and trading Biolase shares for beginners
What to do before buying shares
You should always take the time to research a stock fully before investing your money, especially if you haven’t bought shares before. The more knowledge you have, the better your chances of making a wise investment.
With that in mind, here’s a checklist to run through before you start.
- Research the company. You should always examine the fundamentals of a company first. What is Biolase? How did the company get its start? How did it grow? Is Biolase’s revenue and profit growth picking up? Is the company innovating? The more you know about Biolase, the better positioned you’ll be to make smart investment decisions.
- Make sure you understand the basics of stock investing. Before getting involved, make sure you have an understanding of how the stock market works. This will ensure that you have more clearly defined goals and have thought through how you will achieve them.
- Decide between share dealing and CFD trading. Choose the type of investment strategy you want to pursue, and make sure you have carried out the necessary fundamental or technical analysis for share dealing and CFD trading respectively.
- Set the size of your budget. The golden rule of investing is never to risk more than you can afford to lose. Not every investment you make will result in a profit, so it is important to set a budget that not only allows good potential for capital growth, but also protects against overly damaging losses.
- Find the right broker. Individual brokers each have their own pros and cons. Some will have low fees but have a user interface you struggle to understand, whereas others may be a bit more expensive but come with a range of features that you want to take advantage of. Our reviews of the best trading platforms can help you find the right one for you.
- Examine broader market conditions. No stock exists in a vacuum, and it’s always important to analyse the general trends of the stock market as a whole before investing. If a bear market is setting in and stock prices are falling, it’s best to wait it out and invest your money later when the stock is cheaper. If, however, the market is looking bullish, you’ll want to make your investment quickly to get the maximum benefit from rising stock prices. Keep on top of movements in the financial markets by following the latest news.
What is the difference between buying, selling, and trading shares?
If you’re new to stock investing, then it’s important to understand the basics of how to buy, sell, and trade Biolase shares. Here’s a quick run-through of what’s involved in each.
This process involves finding a broker and placing an order for Biolase stock, as outlined in the steps further up this page. Ideally, you want to time your investment when the stock’s price is low so that you can profit by selling the shares after they increase in value.
When you sell any Biolase shares you have bought, you’ll want to do so at a higher price than the one at which you bought to earn a profit.
When you sell is up to you. You might decide to hold for a long period of time, hoping to benefit from the company growing steadily throughout. Or, if you see that Biolase’s stock is already up a lot compared to the price you bought it and you’ve noticed that the stock market is starting to fall, it might make sense to sell and take your profits to invest elsewhere. Equally, if the stock has fallen since you bought it and looks set to fall further, it might be a good idea to cut your losses by selling your shares.
Trading is the same process, it’s just done over shorter periods of time with the aim to make small profits on a regular basis. This means that you can make money faster and spend your profits in your day-to-day life – however, on the other side it means you can lose money faster as well. For inexperienced investors, we generally recommend making investments for at least 6 months to a year instead of making trades in quick succession.
You can trade Biolase shares through buying and selling shares, or by trading with CFDs. These allow investors to speculate on stock prices and trade with leverage in pursuit of bigger gains. CFDs trading is explained further in the next section, but it is worth noting that beginners should avoid trading with leverage. It comes with large risks and is best left to experienced investors.
Share dealing vs CFD trading
When it comes to investing in any stock, the two options you have are share dealing and trading. Which one of these methods to opt for largely depends on your investment timeline, with investors thinking long term tending to go for share dealing, and those looking for short term gains pursuing a more aggressive trading strategy.
Here’s a quick summary of the two approaches, and the pros and cons of each.
Share dealing refers to the practice of buying and holding shares in a particular company over the long term. When investing like this, you’re seeking to profit either from dividend payments or an increase in the stock’s price over time.
When investing your money this way, it is important to do a thorough fundamental analysis of the company in which you are investing. You want to put your money in a stock you believe will trend upwards over time, even if there is some market volatility along the way, rather than get distracted by shorter-term peaks and troughs.
- Can build wealth over time to achieve financial goals
- Don’t need to be very reactive to short-term market movements
- Some stocks will give you an income through regular dividend payments
- Takes a long time to realise any profits
- Your capital is tied up in stocks and cannot be used for other investments
If your aim is to generate profits in the short term, then you might be better off trading shares than holding them in your portfolio. Stock trades like this are executed using CFDs (contracts for difference), which allow investors to trade against the value of a stock without having to take ownership of it. When CFD trading, investors are looking to buy and sell stocks fast to profit from short-term fluctuations in value.
One aspect of CFD trading that many investors find attractive is that they allow you to trade with leverage. This means you can place large trades while only putting up a fraction of the value yourself – for instance, if a platform offered leverage of 1:10, you could put £10 into BIOL shares and be able to trade £100 worth. This can maximise profits if the market moves in your favour, but be careful as it can also lead to heavy losses.
When trading using CFDs, it is key to be skilled at technical analysis and reading stock price charts. As you’re trading stocks quickly and frequently, the fundamental strength of the company in which you’re investing isn’t as important as being able to predict how its stock price will rise and fall minute-by-minute.
- Can generate fast profits if you read the market right
- Some platforms allow you to trade with leverage
- Prevents your capital being tied up so you can take advantage of investment opportunities
- Trading with leverage is risky and can lead to big losses
- Doesn’t necessarily generate growth over the long term
Consider which approach suits you best and craft an investment strategy that works for you. For more information, visit our courses to learn about each trading style in detail.
How to choose a broker
With the wide variety of online brokers available these days, it can be hard to figure out which is the best service to go with. Our comparison table and in-depth reviews can help you cut through the noise, but by and large these are the aspects you should be considering when selecting a broker:
- Range of stocks available. The most important thing is that you can actually use the broker to find the shares you’re looking for. Some brokers offer more stocks than others, and many will allow you to trade other assets, such as cryptocurrency and commodities.
- Fees and commissions. You want to keep as large a chunk of your profits as you can, so it’s important to make sure your broker doesn’t charge high fees that can eat into your profits.
- Regulation. You should only use regulated brokers. Unregulated brokers can be risky and offer little to no protection if the business were to fail while you had funds in your account.
- Payment methods available. You might want to fund your trading account using a specific payment method, such as PayPal. Not all brokers accept every payment method, but using our comparisons you can search only the brokers that support the option you’re looking for.
- Reputation. One of the strongest indicators of a broker’s reliability is the reputation it has with the customers who have used it. Brokers are online businesses, and as such many user experiences can be found online. You can check these out in addition to our reviews to make sure you choose the right platform.
- Customer service. As you’re going to be investing your money using the platform, you want to check that the broker offers good customer service in case you have a query or something goes wrong.
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