TRAX · Nasdaq · Health Technology

What does it cost to trade First Tracks Biotherapeutics Inc?

A $10,000 order costs about $70.61 (70.6 bps) between the half-spread and market impact.

Data as of 1 November 2026

Cost of $10k$70.61
Estimated quoted spread105.0 bps
Average daily trading value$46.6M
Daily volatility3.25%
1-day VaR (95%) on $10,000$534
Liquidity tierThin

Estimated cost by order size

Order Half-spread Market impact Total Share of daily volume
$1,000 52.5 bps 7.19 bps $5.97 · 59.7 bps < 0.01%
$10,000 52.5 bps 18.1 bps $70.61 · 70.6 bps 0.021%
$100,000 53.1 bps 45.8 bps $988.75 · 98.9 bps 0.215%

Liquidity

First Tracks Biotherapeutics Inc trades about $46.6M a day, which puts it in the thin liquidity tier. At that depth the model estimates a quoted spread of 105.0 bps, so a market order pays roughly half of it on the way in, and again on the way out. An order stays below 1% of a normal day's trading up to about $466K.

Volatility and risk

Daily volatility is around 3.25%, which is very high for a stock. On a $10,000 position, the 1-day value at risk at 95% is about $534: on one trading day in twenty, a loss larger than that should be expected. Volatility also widens spreads, which the cost estimate above already includes.

How these figures are estimated

Spread: PreTrAIde's liquidity-tier model (average daily trading value) with a volatility uplift and a one-tick floor. Market impact: an Almgren-Chriss-style model on the order's share of daily volume. VaR: 1.645 × daily volatility. Inputs are 30-day average volume and recent price range. These are estimates, not quotes: the real cost depends on the market when the order is placed. PreTrAIde Methodology: How a Pre-Trade Analysis Is Computed

Frequently asked questions

How much does it cost to buy $10,000 of First Tracks Biotherapeutics Inc?

PreTrAIde estimates about $70.61 (70.6 bps) for a $10,000 market order in First Tracks Biotherapeutics Inc: $52.55 of half-spread and $18.07 of market impact, before any broker commission.

Is First Tracks Biotherapeutics Inc a liquid stock?

First Tracks Biotherapeutics Inc trades about $46.6M a day, in the thin liquidity tier of PreTrAIde's model, with an estimated quoted spread of 105.0 bps.

How volatile is First Tracks Biotherapeutics Inc?

Its daily volatility is about 3.25% (very high). The 1-day 95% value at risk on a $10,000 position is about $534.

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Educational content, not investment advice. PreTrAIde is analysis software, not a broker: it never executes orders, and its verdicts are decision support, not recommendations to buy or sell.